For the UAE, this translated into enhanced financial transparency, stronger corporate governance, and a rising reputation as a reliable global partner. Initiatives like the introduction of VAT in 2018 and Corporate Tax in 2023 have only heightened the demand for accurate financial reporting and robust compliance frameworks. Regulatory authorities such as the Ministry of Economy, DFSA, and ADGM, along with the adoption of IFRS, have positioned the country as a model of financial integrity. Source link