Jitendra Chartered Accountants Blog

AML in UAE Red Flags Associated with Directors and Nominee Shareholders

AML in UAE: Red Flags for Nominee Shareholders & Directors

March 18, 2023

The UAE has implemented robust laws and regulations in regard to Anti-Money Laundering and Combatting of Financing of Terrorism (AML-CFT). However, criminals use sophisticated typologies to carry out the crime…

How to use EmaraTax for claiming direct VAT refunds?

March 11, 2023

Tax/VAT

Taxable persons can apply for a VAT refund in the UAE when the input tax is greater than the output tax on a VAT return. You can submit a request…

A Checklist to Prepare for Inspections by UAE AML Authorities

A Checklist for DNFBPs to Prepare for Inspections by UAE AML Authorities

March 11, 2023

Anti-Money Laundering (AML)

Designated Non-finance Businesses and Professions (DNFBPs) are required to comply with the UAE’s Laws on Anti-Money Laundering and Combating the Financing of Terrorism (AML-CFT). There is no room for compliance…

An overview of UAE’s new guideline on determining tax residency

March 4, 2023

Tax/VAT

Determining tax residency has become vital in the UAE, especially after the introduction of the corporate tax law. In line with this, the UAE Ministry of Finance has issued the…

Key Insights for the WPS System Implemented by DMCC

March 4, 2023

Accounting & Bookkeeping

In a huge forward leap, the Dubai Multi Commodities Centre (DMCC) free zone has implemented a new Wage Protection System (WPS) to protect workers’ rights in line with the. Companies…

What Does Layering Mean in Money Laundering?

March 4, 2023

Anti-Money Laundering (AML)

Scammers and fraudsters need to launder their illegally acquired funds into the financial system to truly profit from their criminal activity. For them, the initial crime is just the beginning…

VAT Refund through EmaraTax for Business Visitors & UAE Nationals Building New Residences

VAT Refund through EmaraTax for Building New Residences

February 25, 2023

Tax/VAT

The launch of the EmaraTax platform represents a significant moment in the landscape of VAT compliance in the UAE. The new digital platform facilitates easy access to a wide range…

Understanding Audit Reports: What Is a Qualified Opinion?

February 25, 2023

Auditing

An audit report is key to the decision-making process of the company as it gives a true and fair view of its financial performance and position by an external auditor. Auditing…

An AML Guide to Virtual Assets and Related Activities Regulations 2023

An AML Guide to Virtual Assets & Related Activities Regulations 2023

February 25, 2023

Anti-Money Laundering (AML)

Virtual assets like cryptocurrencies are getting increasing acceptance in countries including the UAE. However, due to the inherent money laundering risk associated with such businesses, the Virtual Assets Service Providers…

Key Etiquettes Entrepreneurs Must Maintain during an Audit

February 18, 2023

Auditing

Annual audits are not easy for entrepreneurs even if they have already records ready with them. Most business owners come under pressure when an auditor from one of the reputed…

Jitendra Chartered Accountants Blog

AML in UAE: Red Flags for Nominee Shareholders & Directors

How to use EmaraTax for claiming direct VAT refunds?

A Checklist for DNFBPs to Prepare for Inspections by UAE AML Authorities

An overview of UAE’s new guideline on determining tax residency

Key Insights for the WPS System Implemented by DMCC

What Does Layering Mean in Money Laundering?

VAT Refund through EmaraTax for Building New Residences

Understanding Audit Reports: What Is a Qualified Opinion?

An AML Guide to Virtual Assets & Related Activities Regulations 2023

Key Etiquettes Entrepreneurs Must Maintain during an Audit

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