WHY DOES A COMPANY REQUIRE AN EXTERNAL AUDIT?
Conducting an external audit can provide a company with several advantages. The most important of these advantages is that a third-party analysis of our organization would offer a fresh viewpoint…
Explanation manual released by the Ministry of Finance
Federal Decree-Law No 47 of 2022 - Taxation of Corporations and Businesses Explanatory commentary on the many aspects of the UAE Corporate Tax code that promote economic activity and lessen…
Who may file for Small Business Relief under Corporate TAX in the UAE as of 9th May 2023?
MINISTERIAL DECISION NO. 73 OF 2023 ON SMALL BUSINESS RELIEF – Defines the threshold and additional criteria for individuals including resident person , non resident person and members of Multinational Enterprises…
Is VAT applicable to your business?
Check out the registration procedures!!!
Businesses that supply products or services must register for VAT as a necessary requirement. The final consumer is ultimately responsible for paying VAT, which is a consumption tax that is…
What are the most common VAT challenges for businesses?
VAT Registration: One of the primary challenges that businesses face is understanding the VAT registration process and meeting the requirements for registration. This includes understanding the thresholds for registration, how…
RELEVANCE OF EXTERNAL AUDIT IN RUNNING A BUSINESS
The advantages of undertaking a business external audit are numerous. Some common benefits are listed below: 1.External Audit is useful when it comes to understanding the business: All the information…
Getting ready for an audit?Examine the relevant documentation.
Following the registration of a company, the company must adhere to several regulations. Conducting an audit is one of these requirements that all businesses, regardless of size or industry, must…
Corporate Tax comforts for Free zones
A public consultation document has been released by the UAE Ministry of Finance (MoF) inviting comments from stakeholders providing the businesses to play a key role in formulating the UAE…
Corporate Tax in UAE starts from June 1st, 2023
The Finance Ministry in the UAE announced the introduction of Corporate Income tax on 31 January 2022.The UAE is a member of the OECD Inclusive Framework on Base Erosion and…
Federal Court Verdict on Voluntary Disclosure Form Fines in UAE
In July 2018, the FEDERAL TAX AUTHORITY released the Voluntary Disclosure User Guide specifying the steps to be followed for the notification of any error or omission in a tax…
