Jitendra Chartered Accountants Blog

What Are the Implementation Criteria for TFS in UAE

What Are the Top Implementation Criteria for TFS in UAE?

March 25, 2023

Financial institutions (FIs), Designated Non-Finance Businesses and professions (DNFBPs), and Virtual Assets Service Providers (VASPs) are obliged to comply with the Targeted Financial Sanctions (TFS) regulations in the UAE. The…

A Guide to the General Definitions under the UAE Corporate Tax Law

March 25, 2023

Corporate Tax

The UAE issued the Federal Decree-Law No. 47 of 2022 on the Taxation of Corporations and Businesses (the “Corporate Tax Law”) on 9th December 2022. The UAE Corporate Tax Law…

UAE Excise Tax: New Clarification for Registration of Warehouse Keeper

March 18, 2023

Tax/VAT

There are more than 45 active free zones in the UAE and some of them are listed as designated zones by the Federal Tax Authority (FTA) for VAT purposes. As…

AML in UAE Red Flags Associated with Directors and Nominee Shareholders

AML in UAE: Red Flags for Nominee Shareholders & Directors

March 18, 2023

Anti-Money Laundering (AML)

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…

Jitendra Chartered Accountants Blog

What Are the Top Implementation Criteria for TFS in UAE?

A Guide to the General Definitions under the UAE Corporate Tax Law

UAE Excise Tax: New Clarification for Registration of Warehouse Keeper

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

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