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 […]
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. […]
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 […]
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 […]
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 […]
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 […]
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 […]
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 […]
Accounting is an integral part of a company and is regarded as the lifeblood of a company. Without accounting, it will be very challenging for a company to understand the inflows and outflows of cash in the company. One of the crucial things to comprehend in Accounting is Bad Debt and its effect on the […]
Things are slowly turning back to normal, and businesses are gradually starting up. But still, there is fear in the hearts of the people regarding the Coronavirus. Many companies are not working at complete efficiency due to the virus and have to get used to such situations in the future as the virus is going […]
