A Guide to External Audit Requirements in DAFZA
If you have a company in Dubai Airport Free Zone, you must get your books of accounts audited without fail. You need to get the books of accounts audited by…
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Key Bookkeeping Basics for Small Businesses in Dubai
Small business owners and startup entrepreneurs across the world are masters at creating innovative products, delivering unique services, building effective teams, and winning over customers. However, a great majority of…
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How to Wind up a Company in Dubai Outsource City Free Zone?
Company liquidation in Dubai Outsource City offers a robust exit strategy for business owners registered with the free zone. If you are on the brink of shutting down your business,…
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Is VAT applicable to director services in the UAE? FTA offers new guidance
The applicability of Value Added Tax (VAT) on director’s services offered by natural persons in the UAE has come to the spotlight again after the Federal Tax Authority (FTA) released…
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Top Accounting Tips for Entrepreneurs to Deal with Price Increases
Developing a robust strategy has become inevitable for businesses to manage the current price increases. In this scenario, accounting firms in Dubai should be the first point of contact for…
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Applicability of VAT on Gold Making Charges in the UAE
Tax agents in the UAE welcome the new Public Clarification (VATP029) issued by the Federal Tax Authority (FTA) as it brings more clarity over the VAT treatment on the making…
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Corporate Tax Registration Planning: Things to Do Before Deadline
The deadline for submitting the application for corporate tax registration in the UAE is fast approaching. The deadline to register for corporate tax in the UAE is May 31st 2024.…
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ESR Notification Deadline Looms: A 2024 Guide for Businesses
The UAE implemented the Economic Substance Regulations (ESR) as a step towards preventing harmful tax practices and enhancing tax transparency. The implementation of ESR in the UAE is also seen…
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What are the PEP identification Requirements under AML in UAE?
Customers who are Politically Exposed Persons (PEPs) or relatives of PEPs pose a high risk to businesses from an Anti-Money Laundering and Combating the Financing of Terrorism (AML-CFT) perspective. The UAE AML-CT…
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A Guide for Businesses in Dubai to Stay Audit-ready in 2024
There is a common saying that can be applied to all fields including external audits: “Stay ready so you don’t have to get ready.” In simple terms, an audit can…
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