Blogs

Reverse Charge Mechanism in VAT and Its application in UAE, KSA, Oman, and Bahrain Though VAT is implemented in GCC countries based on the common VAT agreement of 2016, there are differences in tax reporting requirements and procedures...

VAT registration of new companies or new business in the UAE If a new business is registered in the UAE and wants to obtain the tax registration, it’s mandatory that they should satisfy the registration requirements regarding the...

Case study on VAT treatment in a designated zone and mainland company in the UAE According to the UAE VAT Law, the supply of the goods in the UAE mainland is under the preview of VAT provisions, and those goods supplied inside a design...

New UAE Labour Law 2022-Everything you need to know! The objective of the Labour Law  The Federal Decree-Law no. 33 of 2021 (the "New UAE Labor Law") came into effect on February 2, 2022. The...

Corporate Tax in the UAE – From 1st June 2023 The Finance Ministry in the UAE announced introduction of Corporate Income Tax on 31 January 2022.  The UAE is a member of OECD Inclusive Framework on Base Erosion and...

BEPS 2.0 - Pillar Two - Global Minimum Tax Building on its work on BEPS 2.0 - focuses on addressing the tax challenges of digitalization of the economy, the OECD/G20 Inclusive Framework released Pillar Two (Global Minimum Tax) Model Ru...

Whether the existing companies can update their MOA as per the New Law - CCL 2021? Highlights of Federal Decree No. 32 of 2021 for Commercial Companies which amends and replaces Commercial Company Law Federal Decree No.2 of 201...

ESR Penalty in the UAE Have you received the Penalty Email from Federal Tax Authority for non-compliance with Economic Substance Regulation in the UAE? Well in this article we will discuss the reasons penalt...

Accounting and MIS Reporting in Abu Dhabi and UAE Accounting is important in the running of a business as it helps to track the expenditures and income of the organization. It also helps to provide investors, stakeholders, managem...

Supply of B2B Passenger Transportation Services - Taxable or Exempt? Tax Consultants in Abu Dhabi, Dubai, and any other Emirates in the UAE are appointed by businesses/individuals to ensure compliance with the VAT law in the region. In...