Tips for UAE Businesses to Avoid Hefty VAT Penalties
Ensuring VAT compliance in the UAE as per relevant tax laws and regulations is essential for the smooth functioning of your business. The Federal Tax Authority (FTA) will impose hefty…
Read More 
Everything You Need to Know About MIS Report in Accounting
Entrepreneurs make new business decisions every day but each decision may have certain risks and as the business grows the risk increases. If you are working with large revenues, big…
Read More 
Essential Checklist for the Internal Audit of a Company in 2022
Carrying out an internal audit is essential for a company to measure its level of compliance with external and internal standards. By preparing a checklist with the best internal audit…
Read More 
What Will Be the Impact of Proposed UAE Corporate Tax for Legal Persons?
As only a few months are left for the corporate tax to take effect, more business owners are now approaching corporate tax consultants in Dubai to assess its potential impact…
Read More 
Excise Tax on Designated Zones: Clarification on Calculation of Financial Guarantees
As per the regulations of excise tax in the UAE, all registered warehouse keepers and those intending to register as warehouse keepers are required to provide a financial guarantee for…
Read More 
A Guide to AML Regulations for Virtual Assets Service Providers in UAE
Virtual Assets Service Providers are required to comply with the regulations of the Anti-Money Laundering and Combatting Financing of Terrorism (AML-CFT) in the UAE. The recent growth in demand for…
Read More 
AML in the UAE: Latest Reporting Requirements for Real Estate Brokers & Agents
Real estate agents and brokers licensed in the UAE are required to meet new reporting requirements as per Circular Number 05/2022 issued by the Ministry of Economy (MOE). The new…
Read More 
UAE VAT Refund for Tourists: New Update on Maximum Amount of Cash Refund
The UAE VAT refund scheme for tourists allows tourists to reclaim the VAT incurred on goods purchased through approved tax-exempted stores registered with the Federal Tax Authority (FTA). The Scheme…
Read More 
Top Ways Accounting Firms in Dubai Can Save You Money
Many small business owners downplay the significance of hiring accounting firms in Dubai, believing that they can save money by handling the financials themselves. While learning the accounting basics may…
Read More 
A Guide to New AML-CFT Requirements for UAE’s Licensed Financial Institutions
Suppose you are a Licensed Financial Institution (LFI) operating in the UAE. In that case, you must take urgent actions to comply with the new guideline issued by the Central…
Read More