Jitendra Chartered Accountants Blog

Received Penalties For No-Submission Of ESR Report? File An Appeal

May 29, 2021

Licensees and exempted licensees are required to file the Economic Substance Notification for the financial year ended 31st December 2020 on or before 30 June 2021. The companies need to assess…

UAE Updates VAT Refund Guidance for Business Visitors: What’s in it for You?

May 29, 2021

Tax/VAT

Foreign businesses are allowed to claim VAT refund in the UAE subject to terms and conditions laid out by the Federal Tax Authority (FTA). The FTA recently issued guidelines revising…

The Role Of The Financial Statements For SMEs in Dubai in Uncertain Times

May 27, 2021

Accounting & Bookkeeping

Though people say Dubai is a tax haven or there are no taxes. True but very few people realise the fixed administrative cost is very high. Hence keeping watch on…

An Essential Guide To Conduct An Internal Audit In Your UAE Organisation

May 22, 2021

Auditing

Performing consistent internal audits is essential for businesses to accomplish their corporate objectives by analysing the efficacy and consistency of their best practices. Unlike an external audit, an internal audit…

A List of Revised Penalties For ESR Violations In The UAE

Administrative Penalties for ESR Non-compliance in the UAE

May 22, 2021

Economic Substance Regulation (ESR)

The Cabinet Resolution no. 57 of 2020 has given the administrative penalties related to various violations related to Economic Substance Regulation (ESR). The new resolution has increased the number of…

An Accountant’s Guide To Monitor Financial Growth Of Your Company

May 22, 2021

Auditing

Finance can be intimidating for upstart entrepreneurs but failing to give it due care will steer your business into the wrong trajectory. Tracking the financial performance of your business regularly…

A Guide to Exempted Licensees under ESR in the UAE

May 17, 2021

Economic Substance Regulation (ESR)

The UAE’s amended Economic Substance Regulation (ESR) has categorised businesses into licensee and exempted licensee, which determines an entity’s ESR obligations. The categorisation is based on the nine relevant activities…

ESR Implications for IP Businesses and Corporate Franchise Agreements in the UAE

May 17, 2021

Economic Substance Regulation (ESR)

It is common for investors to form Intellectual Property Holding Companies (IPHCs) Or Special Purpose Vehicle Companies (SPVs) or sign a corporate licensing (franchisee) agreement with other companies to use their…

AML / CFT in UAE: Everything You Need To Know About goAML System

May 8, 2021

Auditing

If we make a list of buzzwords that generated much attention in recent times among investors in the UAE, ‘goML’ would definitely take the top slot. Originally developed by the…

DNFBPs: Everything Auditors Need To Know About Ensuring AML Compliance in The UAE

May 8, 2021

Anti-Money Laundering (AML)

Auditors who are practitioners and employees who work for audit firms in the UAE are required to know and assess the risk of money laundering involved in their profession. Auditors…

Jitendra Chartered Accountants Blog

Received Penalties For No-Submission Of ESR Report? File An Appeal

UAE Updates VAT Refund Guidance for Business Visitors: What’s in it for You?

The Role Of The Financial Statements For SMEs in Dubai in Uncertain Times

An Essential Guide To Conduct An Internal Audit In Your UAE Organisation

Administrative Penalties for ESR Non-compliance in the UAE

An Accountant’s Guide To Monitor Financial Growth Of Your Company

A Guide to Exempted Licensees under ESR in the UAE

ESR Implications for IP Businesses and Corporate Franchise Agreements in the UAE

AML / CFT in UAE: Everything You Need To Know About goAML System

DNFBPs: Everything Auditors Need To Know About Ensuring AML Compliance in The UAE

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