Significance of VAT Health Checks for UAE Businesses
At a time when the landscape of VAT compliance in the UAE is witnessing drastic changes, businesses need to ensure their tax compliance measures are effective. Conducting a VAT health…
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Digital ID for Customer Due Diligence: New AML Requirement in the UAE
The Licensed Financial Institutions (LFI) are required to comply with the new guidance issued by the Central Bank of the UAE (CBUAE) on anti-money laundering and combatting the financing of…
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A Guide to the Audit Requirements in JAFZA
The Jebel Ali Free Zone Authority (Jafza) mandates the companies registered under its license to carry out financial audits. Getting the books audited by approved auditors in Jafza is a…
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Accounting Tips for UAE Businesses to Address Cash Flow Concerns
Poor cash flow management can endanger the financial health of any organisation hence business owners must treat cash flow as their top priority. Irrespective of the size of the business,…
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What Are the Key Elements of a Risk-Based AML-CFT Approach?
Governments across the world, including the UAE government, have passed strong laws to counter the crime of Money Laundering and Financing of Terrorism (ML/FT). However, organisations need to adopt a…
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New Changes to VAT Law Regarding Tax Credit Notes in the UAE
As per the UAE VAT Law, a tax registrant is required to issue a Tax Credit Note when a reduction of Output Tax occurs in connection with any supply made…
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A Tax Compliance Checklist for UAE Businesses for the Year Ahead
Businesses in the UAE need to improve their strategies in 2023 to align with the global economy, regulatory requirements and technological developments. Business owners need to tread a cautious path…
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A Guide to Audit Requirements for Companies in DMCC Free Zone
Getting a trade license from free zones in Dubai offers you immense benefits such as 100% foreign ownership, world-class facilities and infrastructure, strategic location, exemption from import duties etc and…
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Six Accounting Tips for Small Businesses to Kickstart the New Year
It’s not a small feat to run a small business in a competitive market like Dubai. There can be many ups and downs just like a roller coaster ride and…
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Why Do You Need Audited Financial Reports by a Third-party or an Independent Auditor in the UAE?
The key objective of an external audit is to give an independent opinion on the financial statement of an organization to enhance confidence for intended users of the financial report.…
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