Blogs

Non-Recoverable Tax on Entertainment Services As per the UAE VAT law tax paid on most of the business, expenses can be recovered. At the same time tax paid on certain expenses cannot be recovered, those are called a&nb...

Introduction on compensation payments: In the normal course of business, sometimes there will be payments in the nature of compensation for any loss, omissions, breach of contracts etc...

In Sharjah Media City (Shams Free Zone) an emerging free zone in UAE through Emirates Chartered Accountants Group. They have started issuing free zone lice...

Designated Zones UAE VAT and Its Applicability Free zones in UAE are also known as Free Trade Zones depicting that they are structured to boost the international business economy of the country. Free zones in UAE provides 100% ownershi...

Voluntary Disclosure under UAE VAT Law The Federal Tax Authority (FTA) has introduced a form 211 – VAT voluntary disclosure form recently. It will help the taxable persons to rectify the errors they committed in...

The UAE Cabinet, chaired by His Highness Sheikh Mohammed bin Rashid Al Maktoum, Vice President and Prime Minister of the UAE and Ruler of Dubai, has made significant and progressive decisions for foreign workers who se...

The Dubai Multi Commodities Centre (DMCC), was established in 2002 with a strategic initiative to become one of the best business hubs in the world. And yes now, DMCC is the number one Free zone in the world and one of...

Believe it or not but yes, the Abu Dhabi Government has announced a whooping AED 50 billion to boost its economic growth and bloom the region within the next ONE THOUSAND AND NINETY-FIVE DAYS. Company Formation in Abu Dhabi or busin...

The UAE Government has once again taken a glorious move in the Year of Zayed. The move is highly commendable where His Highness Sheikh Mohammed bin Rashid Al Maktoum, Vice-President and Prime Minister of the UAE and Ru...

What is the role of Internal Audit in finance? Internal Audit advances businesses to achieve their objectives by effectively evaluating and managing the risk factors and processes within an o...