Taxation plays a huge role in sustaining and developing the economy of a country. This is why the government of a company should take every care of how the taxes are implemented and assessed, what will be the penalties, and about the tax refunds and various other provisions. Keeping this in mind, the cabinet of […]
How to Register your Company for VAT?
There is a great need to create and maintain business records in the United Arab Emirates, especially after the implementation of Value Added Tax. Keeping a record of all the transactions related to the business will not only help in finding out the present condition of the business but will also help in deciding a […]
Changes to ESR Regulations in UAE- August 2020
UAE issued Cabinet Resolution No 57 of 2020 (the “Amended ES Regulations”) on August 10, 2020, which repeals and replaces the original ES Regulations, along with updated guidance, which will clarify the amended ES Regulations (Ministerial Decision 100 of 2020 dated 19 August 2020). The amended ES Regulations apply from 1 January 2019. Major changes are highlighted […]
Business Opportunities Arising due to COVID-19
The pandemic caused due to the spread of the Coronavirus has had a huge impact on businesses all over the world. Nobody could have thought that the whole world would come to a literal standstill. The situation may be gradually returning back to normal, but there is still fear among the hearts of the people. […]
Effects of Technology on Accounting Services in Dubai
In recent years technology has made enormous strides in all walks of life. From construction to food to manufacturing, there have been great technological strides in every industry. These changes have vastly transformed how we deal with various parts of life. Accounting is also recognized as the language of the businesses and is not an […]
Benefits of having Registered Auditors
In today’s world, it is essential to understand the financial standing of the business, and this can be found out by performing an audit of the company. In a company audit, the concerned officers inspect all the books of accounts, and through their inspection, the various loopholes within the company or any procedure which may […]
Can Technology Replace Accountants in the Future?
In a few decades, there have been huge developments in science and technology. These developments have affected everyone, and everything and the business world has not been left untouched. Technology has had a positive effect on various business activities and has become part and parcel of business. With the arrival of various technologies such as […]
Reasons to avail for a Tax Registration Number
A company needs to hold a Tax Registration Number in the United Arab Emirates as only a business which has the said TRN will be able to claim for taxes and also will be eligible for a refund. This 15-digit number is also known as a VAT registration number and will be of great help […]
A Guide to Voluntary Tax Registration
Value Added Tax is a reasonably new addition to the tax situation in the United Arab Emirates. There are many questions regarding VAT in the minds of the businessmen. Many people feel that the implementation of VAT in the UAE is an unnecessary act, but in reality, VAT is a significant tax for the people […]
What to look for in top Audit Firms in UAE?
The United Arab Emirates has seen a considerable increase in the number of companies set up in the country. It is also considered a breeding ground for businesses from all around the world. Many functions should be performed while establishing a business, such as accounting and auditing, as these functions can have a significant implication […]