Jitendra Chartered Accountants Blog

AML Compliance in UAE: A Guide to Record-Keeping of Customer Identity and Transactions

January 3, 2022

As per Article 24 of Cabinet Decision No. (10) of 2019, Financial Institutions (FI) and Designated Non-Finance Businesses & Professions (DNFBPs) are required to maintain proper records to ensure compliance…

Deadline Alert: December 31st is the Due Date for Tax Penalty Redetermination

December 29, 2021

Tax/VAT

Only a few days are left for the UAE tax registrants to avail the benefits of the tax penalty amnesty scheme rolled out by the Federal Tax Authority (FTA). Tax…

AML Compliance in the UAE: Tips to Prepare Flawless MLRO Reports

December 25, 2021

Anti-Money Laundering (AML)

Financial Institutions (FI) and Designated Non-Financial Business and Professions (DNFBPs) are required to appoint a Money Laundering Reporting Officer (MLRO) as per Article 21 of the Cabinet Decision No 10…

How can Audit Firms in Dubai Help you with Business Valuation?

December 25, 2021

Auditing

Many investors think intelligent decisions are required when they buy or acquire a new company or startup. The truth is intelligent decisions are not only about buying well but also…

ESR in UAE Deadline Alert for Submissions for FY 2020 & 2021

ESR Compliance in UAE: Deadline Alert for Submissions for FY 2020 & 2021

December 18, 2021

Economic Substance Regulation (ESR)

Economic Substance Regulations (ESR) report filing deadline is approaching for UAE companies that have conducted any of the nine Relevant Activities during the relevant year. Licensees and exempted licenses whose…

New Guide to Input VAT Recovery on Mobile Phones, Data Packs Provided to Employees

December 11, 2021

Tax/VAT

It is a common practice for companies in the UAE to enter into agreements with telephone service providers to give mobile phones, airtime and data packages to their employees. This…

Business Slowdowns: Key Tips to Improve Accounting Strategy

December 11, 2021

Accounting & Bookkeeping

Holiday seasons are periods of excitement for everyone, except for businessmen. Holidays are dubbed as times of ’seasonal slowdowns’ in business parlance and entrepreneurs in Dubai need to find out…

Targeted Financial Sanctions for FIs & DNFBPs: Reporting Obligations & Penalties

December 4, 2021

Anti-Money Laundering (AML)

Entities in the UAE, including natural and legal persons, are required to comply with the Targeted Financial Sanctions (TFS) requirements as per Cabinet Resolution No. 74 of 2020. TFS obligations…

A 2021 Guide for hassle-free external audits

Audit for SMEs: A 2021 Guide for a Hassle-free Audit in Dubai

November 27, 2021

Auditing

If you are the owner of an SME or an entrepreneur new to the UAE business landscape, you may be struggling with preparing for an audit. Some SME owners may…

A guide to filling funds freeze report & partial name match report

AML in UAE: A Guide to Filing Funds Freeze Report & Partial Name Match Report

November 27, 2021

Anti-Money Laundering (AML)

As per the UAE’s Anti-Money Laundering and Combatting Financing of Terrorism (AML-CFT) laws, relevant entities are required to meet two new requirements. The relevant entities must file two reports in…

Jitendra Chartered Accountants Blog

AML Compliance in UAE: A Guide to Record-Keeping of Customer Identity and Transactions

Deadline Alert: December 31st is the Due Date for Tax Penalty Redetermination

AML Compliance in the UAE: Tips to Prepare Flawless MLRO Reports

How can Audit Firms in Dubai Help you with Business Valuation?

ESR Compliance in UAE: Deadline Alert for Submissions for FY 2020 & 2021

New Guide to Input VAT Recovery on Mobile Phones, Data Packs Provided to Employees

Business Slowdowns: Key Tips to Improve Accounting Strategy

Targeted Financial Sanctions for FIs & DNFBPs: Reporting Obligations & Penalties

Audit for SMEs: A 2021 Guide for a Hassle-free Audit in Dubai

AML in UAE: A Guide to Filing Funds Freeze Report & Partial Name Match Report

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