The process of audit is no longer being viewed merely as a legal compulsion across the world. By providing a true and fair opinion on the books of accounts of…
Most companies in the UAE consider the need to maintain the books of accounts mostly as a legal compulsion. This is because the companies are required to maintain books of…
The UAE Economic Substance Regulations require a licensee to meet the economic substance test in the UAE and file an economic substance return corresponding to the specific financial periods in…
The Economic Substance Regulations (ESR) require the offshore, mainland and free zone companies in the UAE that conduct one or more relevant activities to meet the Economic Substance Test in…
The UAE Economic Substance Test requires a Licensee to demonstrate that the Licensee is directed and managed in the UAE in relation to the relevant activity, Core Income Generating Activities…
The UAE’s latest amendment on the VAT Executive Regulations is perceived to be having an impact on the zero-rating of exported services. The amendment has gained considerable attention as it…
Most business owners in the UAE consider the process of external audit as an obligation and find themselves under pressure during the time of the audit. However, the management needs…
The companies in the UAE that fall within the scope of the Economic Substance Regulations (ESR) are required to meet the Economic Substance Test in relation to the relevant activity…
The Economic Substance Test in the UAE requires a Licensee to demonstrate that the Licensee is directed and managed in the UAE in relation to the relevant activity, Core Income…
The companies in the UAE should meet the economic substance test and file an economic substance return with respect to the financial periods in which they earned income from a…