Every business should have a clear checklist to ensure readiness by January 1, 2026. The top five priorities are:
- ERP System Update: Ensure your accounting software can handle the new tax rates and e-invoicing.
- Staff Training: Upskill your finance and compliance teams on the new rules.
- Free Zone Audit: If you operate in a Free Zone, audit your sales to understand your future tax exposure.
- Incentive Mapping: Review all current and potential incentives (like EDI and agricultural relief) to optimize your tax position.
- Disclosures Filed: Ensure all required disclosures for tax planning arrangements are submitted to the NRS.
