Attestation mandatory for import invoices worth AED 10,000 and above.

import invoices

Companies in the UAE will soon be subject to a new compliance requirement as they would be required to attest import invoices with a value of AED 10,000 and above by the UAE Ministry of Foreign Affairs and International Cooperation (MoFAIC). Effective February 1, 2023, The Ministry of Foreign Affairs, and International Cooperation (MoFAIC) has […]

10 definitive reasons for hiring business consulting companies in UAE.

business-consulting-companies-in-UAE

The World Bank ranks UAE as one of the friendliest countries in the world to set up and conduct business. There is no denying that the Dubai market is approachable and that it welcomes investors and entrepreneurs, but starting a business in a foreign country is usually a stressful and difficult process. Businesses often need […]

The difference between Direct and Indirect Tax. All you need to know.

Direct and indirect tax

Every nation has laws and regulations that require its residents to pay taxes. If citizens of a nation utilise the services and facilities provided by the government, then there is no exemption on the payment of the tax. Individuals or corporations pay taxes to different parties on different occasions, but ultimately the collected tax ends […]