Top UAE Corporate Tax FAQs Every Business Owner Must Know
The UAE was known around the world to be a no-tax region until the introduction of Value Added Tax ( VAT) in 2018. The tax regime in the UAE is…
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Why you Shouldn’t Ignore the Significance of MIS Reporting in Accounting?
Businesses in the UAE are facing increased accounting challenges in the wake of new economic reforms being introduced by the government. Businesses are now required to keep records to comply…
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A Guide to VAT Treatment on Services Received in Designated Zones in UAE
Historically, free zones have been excluded from the territorial scope of the UAE’s Value Added Tax regulations. And as per the UAE VAT regulations, only those free zones listed in…
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AML in the UAE: Why Ongoing Monitoring is Important for your Business?
With advancements in technology and evolving regulatory updates, businesses find it tough to ensure they have taken robust ’Know Your Customer’ measures irrespective of the nature of the business. You…
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Six Common Audit-Related Mistakes for Businesses Must Avoid
An external audit provides the best level of assurance for a company over its financial statements. Hiring experienced and qualified audit firms in Dubai is essential for the success of…
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Don’t Skip Annual External Audits in Dubai: Here’s Why
An external audit is the best level of assurance businesses can have over their financial statements. Yet most companies perform annual audits in Dubai only if it is a legal…
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What is the Role of Accounting in Corporate Decision-Making?
Even though it is the most critical function of a company, young and upcoming entrepreneurs may consider accounting to be boring or esoteric. Getting the services of accounting firms in…
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Top Causes of AML Compliance Program Failures, and How to Overcome Them?
Financial institutions such as banks and money exchanges and Designated Non-Financial Businesses and Professions (DNFBPs) i.e audit and accounting firms, law firms, real estate brokers, Dealers in Precious Metals and…
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Everything You Must Know About VAT on the Export of Services Outside the GCC Region
The introduction of Value Added Tax (VAT) has significantly impacted businesses in the UAE. Came into effect on 1st January 2018, VAT has become a new source of revenue for the…
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Key FAQs on National ICV Program in UAE
Getting an In-Country Value (ICV) certification in the UAE has become one of the most essential aspects of successfully doing a business. The ICV programme was launched first in 2018…
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