Mashreq Bank reported an 18% year-on-year increase in profit before tax to AED 7.3 billion for the first nine months of 2026. Operating income rose 11% to AED 10.4 billion, while the bank reported an effective tax rate of 15.7% under the UAE Domestic Minimum Top-Up Tax (DMTT) and OECD Pillar Two rules.
Groups with consolidated revenue of €750 million or more in at least two of the last four years face a Domestic Minimum Top-up Tax from 2025 financial years.
Bahrain introduced a 15% Domestic Minimum Top-up Tax for large multinationals in 2025, its first broad tax on business profits.
Kuwait’s Domestic Minimum Top-up Tax applies to multinational groups with revenue of €750 million or more, starting with 2025 fiscal years.
Corporate tax, VAT and Federal Tax Authority guidance for the United Arab Emirates.
Visit UAE deskWith corporate tax in the UAE, minimum top-up taxes in four GCC states and real-time e-invoicing in Saudi Arabia, tax is no longer only a finance-team task.
By Gulf Tax Desk · 6 min readAdministers Corporate Tax, VAT and excise tax, and publishes guides, public clarifications and decisions.
Read briefingAdministers Zakat, VAT, income tax, excise and customs, and runs the Fatoora e-invoicing programme.
Read briefingAdministers income tax, excise tax and the new minimum tax rules for large groups.
Read briefingAdministers corporate income tax, VAT and excise tax, and will run the personal income tax.
Read briefingAdministers VAT, excise tax and the Domestic Minimum Top-up Tax.
Read briefingHandles corporate income tax on foreign entities, Zakat and the new minimum top-up tax.
Read briefingEssential GCC tax news, official updates and newsroom analysis.
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