Economic Substance Regulations | [ESR]

The United Arab Emirates introduced in April 2019 a legislation named as Economic Substance Regulations [ESR]. For many Years UAE has been considered as a Tax Haven by the many entities due to its lack... Read More

Internal Audit

Internal audit is an independent, objective assurance and consulting activity designed to feature value and improve an organization's operations. It helps a company accomplish its objectives by bringing a scientific, disciplined approach to appraise and... Read More

Designated Zones in the UAE

Since the inception of the UAE VAT Law, there has been a significant interest among businesses regarding Free Designated Zones in the UAE. Specifically, how will the VAT apply to business which exists within these... Read More

COVID19 IMPACT on Business in the UAE

What are COVID19 IMPACT and global challenges? COVID19 impact and its outbreak have been the biggest challenge faced by the global economy since the Recession of 2008. COVID19 impact on business in the UAE and... Read More

Audit Of Financial Statement | Statutory Audit

Audit of Financial Statements also referred as statutory audit/financial audit, is one of the primary types of audit which are to be done as per the statutes applicable to the entity and its primary purpose... Read More

Vat Consultant

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Clarification on Entertainment Tax

Clarification on Entertainment Tax is issued. The Federal Tax Authorities have issued a clarification on the non-recoverability of Input Tax paid on Entertainment Expenses incurred by a person. As per Article 53 of Cabinet Decision... Read More

VAT Profit Margin Scheme in The United Arab Emirates

VAT Profit Margin Scheme What is Profit Margin Scheme? The Profit Margin Scheme allows (VAT Profit Margin Scheme in The United Arab Emirates) that, in certain cases, Registrant may calculate and charge VAT on the... Read More

VAT Refund Schemes for Business Visitors in UAE

Business Visitor Beside implementing VAT on different sectors in UAE the Federal Tax Authority (FTA) of United Arab Emirates has implemented a scheme (VAT Refund Scheme) for such Business visitors which has no Place of... Read More

VAT ON HEALTH CARE SERVICES IN UAE

VAT on Provision of Healthcare Services in Uae VAT was implemented in UAE on 1 January 2018 in pursuance with the UNIFIED VAT AGREEMENT (UVAT), signed by all six GCC countries. VAT is levied on... Read More

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