Jitendra Chartered Accountants Blog

A List of Revised Penalties For ESR Violations In The UAE

Administrative Penalties for ESR Non-compliance in the UAE

May 22, 2021

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…

Five Accounting Challenges For Small Businesses in 2021 and How to overcome Them

5 Accounting Challenges for SMEs in 2021: How to Overcome Them?

May 8, 2021

Accounting & Bookkeeping

As with any other industry, a big wave of change is sweeping across the accounting industry in line with the challenges posed by the post-pandemic scenario. Accounting firms in Dubai…

A Detailed Guide to VAT Applicable on Director’s Services in the UAE

April 30, 2021

Tax/VAT

The director of the LLC in the UAE who receives the director’s remuneration for his services to companies regularly and independently are responsible to charge VAT on their directorship fee…

What’s an Audit Trail, and Why is it Important for your Business_PSD

What’s an Audit Trail & Why is it Important for Your Business?

April 29, 2021

Auditing

Most business owners feel stressed when an external auditor raises a question to understand a particular accounting transaction better. You may also have trouble making sound business decisions due to…

Smart Accounting: Role of an Accountant is Evolving with New Regulations

April 24, 2021

Accounting & Bookkeeping

The way of business in the UAE keeps on evolving with new changes in regulations and technology. For instance, look at the latest regulations such as VAT, Anti-money Laundering (AML), Economic Substance Regulation (ESR) and Ultimate Beneficial Ownership (UBO). The introduction of these path-breaking…

Jitendra Chartered Accountants Blog

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

5 Accounting Challenges for SMEs in 2021: How to Overcome Them?

A Detailed Guide to VAT Applicable on Director’s Services in the UAE

What’s an Audit Trail & Why is it Important for Your Business?

Smart Accounting: Role of an Accountant is Evolving with New Regulations

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