After filing their first corporate tax returns in 2025, many organisations in the United Arab Emirates (UAE) are now reevaluating their accounting, VAT, corporate tax (CT), and transfer pricing (TP) processes, reported Khaleej Times, citing BCL Globiz.
BCL Globiz Accounting & Consulting observes a significant trend among UAE businesses, as an increasing number of organisations are adopting integrated, end-to-end compliance solutions in preparation for the enhanced financial compliance standards in 2026.
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Companies that prepared ahead faced fewer difficulties, while others are working to fix issues with bookkeeping, record management, and tax documentation.
Despite the challenges, BCL Globiz notes that business sentiment for 2026 is positive, with plans for growth and restructuring being reconsidered across several sectors.
Regulatory oversight has advanced in the UAE. Value-added tax (VAT) is now standard practice, corporate tax regulations are operational, and transfer pricing is integrated into compliance processes.
Authorities are increasing their efforts to cross-check data between accounting records, VAT returns, corporate tax submissions, and transfer pricing disclosures.
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By GlobalDataInitially, many businesses set up these compliance processes separately as each regulation was introduced.
Tasks such as bookkeeping, VAT support, corporate tax advice, and transfer pricing were often spread across multiple providers.
BCL Globiz points out that this fragmented approach is leading to reporting inconsistencies and is not meeting current regulatory standards.
There is a growing interest in single-provider solutions for compliance.
BCL Globiz partner Punith Jindal said: “Businesses are now realising that accounting sits at the centre of the entire compliance chain.
“Clean, timely books are the basis for accurate VAT and corporate tax reporting, and they are the only defensible foundation for transfer-pricing documentation. Companies that prepare early continue to stay ahead of these requirements.”
BCL Globiz manages monthly bookkeeping, VAT filing, corporate tax based on actual accounts and prepares transfer pricing documentation within one system.
