The United Arab Emirates (UAE) has emerged as a leading global business hub with a favorable tax environment for individuals and companies. However, navigating the UAE’s complex tax laws and regulations can take time and effort for most taxpayers. This is where a registered tax advisor comes in to provide expert advice and guidance to […]
Auditing is simply the double-checking and verifying books of accounts and recorded financial data prepared by the accountant in an organization against the source documents from which they have been prepared. It also examines whether the organization works according to industry standards or any other stated purpose. In other words, it is an inspection of […]
An audit is an independent and objective evaluation of a company’s financial statements, internal controls, and compliance with regulations and can be conducted by an internal or external auditor. A corporation must conduct audits to assess its financial health and verify its compliance with all applicable laws and regulations. But getting ready for an audit […]
UAE VAT health check will guarantee its adherence to FTA requirements. The knotty topic of VAT in the UAE affects every aspect of a business. Different firms of various sizes and types must deal with a variety of VAT-related complications. Businesses must ensure VAT compliance to avoid fines and penalties from the Federal Tax Authority in […]
A competent tax consultant in Dubai may build a proper approach that can save your company millions of dollars over the course of its existence, in addition to assisting you in avoiding paying high taxes that result from incorrect filing. Tax law-trained specialists with in-depth knowledge of their nations’ tax systems are known as tax consultants in UAE, […]
A new corporate law in UAE that would replace the existing Companies Law and other legal instruments is expected to be effective from 1 June 2023. The draft law is finalized by the Federal National Council’s legislative committee, and the process will continue until it is sent to the cabinet for final approval. Aspects of […]
A financial statement audit checklist is a tool used by auditors to ensure that all relevant information is included in a financial statement audit. It typically includes a list of items that should be reviewed or tested as part of the audit process, such as verifying the accuracy of the financial statements, testing internal controls, […]
The process of figuring out the cost of an overseas transaction between two or more related parties is known as “transfer pricing.” The amount charged by the holding company is known as the Transfer Price, for instance, when a subsidiary company sells items or renders services to a sister company or its holding company. In […]
According to the Ministry of Economy (MoE), the last day to submit information on ultimate beneficial owners was June 30, 2021. Many licensing agencies may want the details outlined in the resolution when a corporation applies for a trade license renewal or amendment. What Does the UAE UBO (Ultimate Beneficial Owner) Law Entail? The UAE Cabinet issued […]
The main laws governing tax registration in the United Arab Emirates are Federal Law No. 8 of 2017 on Value-Added Tax (the VAT Law), Cabinet Decision No. 52 of 2017 on the Executive Regulations of Federal Law No. 8 of 2017 on VAT (the Executive Regulations), and Federal Law No. 7 of 2017 on Tax […]
