Blogs

Complete guidance on company liquidation in Dubai for mainland companies Company liquidation is a formal insolvency procedure in which a company is wound up (also known as "winding up" or "closing" a company); all i...

What is Transfer Pricing? Conceptually, Transfer Pricing refers to a pricing mechanism with respect to the price charged for goods and services supplied or transferred by one subunit of an organization to another sub-unit or one group...

Why the e-commerce market is growing in the UAE so rapidly? In the latest news, Dubai and the UAE were ranked first in the list of most rapidly expanding e-commerce industries in the Middle East and North Africa region. As a result of...

How will you ensure that the organization is AML/CFT Compliant? The AML/CFT measures have been intensified in the UAE since the inclusion of Designated Non-Financial Businesses and Professions (DNFBPs) in the purview of AML/CFT Complia...

Tax Group Under UAE Corporate Tax NOT as same as UAE VAT Group  The UAE Corporate Tax Regime which would come into effect from June 2023, announced the concept of the Tax Group. However, there already exists a similar co...

Applicability of UAE Corporate Tax on Free Zone Entities UAE Corporate Tax is generally applicable to Free Zone entities as well. However, the UAE Corporate Tax regime will honor the Tax Incentives currently being offered to the Free Z...

Is the export of goods treated as a zero-rated supply? When the UAE implemented VAT in 2018, the tax rate for export supplies is determined as zero rates. In the first view, it looks simple and easy to implement as the VAT rate is fixe...

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...