The Importance of Stock Audit in UAE: Why It’s a Must for Every Business
The average consumer buys 60% more goods than they did 10 years ago, but uses them half as long. We live in an age of fast consumption and quicker turnover. While that might excite customers and entrepreneurs, it puts tremendous pressure on businesses to manage their stock efficiently. Importance of stock audit: As simple as […]
Strengthening Anti-Money Laundering Compliance: A Step-by-Step Guide for UAE Businesses
Money laundering is a financial crime that murders businesses and the economy. So, naturally, the UAE financial regulations to protect the economy are equally stringent. Hence, you mustn’t be caught on the wrong side of the law. You must follow anti-money laundering compliance regulations to prevent laundering and save your business in the UAE. These […]
Business Valuation Checklist: Key Techniques for UAE Entrepreneurs
An orchestra’s harmonious sound that moves every being has nothing to do with “just playing the music.” The conductor balances between the various instruments to reach that harmony. Conducting the Valuation of a business follows the same principle—each valuation aspect: assets, liabilities, market conditions, and management quality must be in sync to determine the business’s […]
A to Z on How to Claim VAT Refund in UAE for Tourists and Business Visitors
Understanding VAT in the UAE: An Overview To learn about how to Claim VAT Refund in UAE for Tourists and Business Visitors, You need to know more about VAT – On January 1, 2018, the UAE government introduced the VAT tax to diversify its revenue sources and reduce its dependency on oil income. VAT provides […]
The Benefits of Hiring a Corporate Tax Consultant in Dubai
A good entrepreneur always needs reliable and committed tax experts by their side. And that is why you need a corporate tax consultant whose vision is the same as yours. A corporate tax consultant wants to partner with you to help you save money, follow the law, and avoid financial hindrances that will harm the […]
ECL Calculation Under IFRS 9: A Practical Guide for UAE Business Owners
What UAE Businesses Need to Know: As a person in the business world, you have probably heard of ECL and IFRS 9. Let us break that down: What is ECL? Expected Credit Loss (ECL) under IFRS 9 is a feature of modern financial reporting. It helps businesses prepare for risks by predicting potential credit losses. […]
A guide to Capital Gain Tax on Sale of Shares in UAE: for individuals & corporates alike
The UAE administration has an extraordinary Tax system. It supports growth without burdening its people with heavy taxes. When discussing the tax on the sale of shares globally, the UAE stands out with its unique tax structure. Knowing Capital Gain Tax A capital gain tax is a charge on profits from the sale of assets. […]
Misclassification of Capital expenditure and Revenue expenditure and how to avoid it.
Bookkeeping is as essential to a business as breathing is to the body. It’s the company’s lifeline, so tracking every penny that flows in and out is vital. Misclassifying capital expenditures (CapEx) and revenue expenditures (RevEx) in bookkeeping will be expensive. Capital and revenue expenditures are critical for maintaining and growing a business. They serve […]
Audit requirements in UAE – how important is it?
Introducing the Commercial Companies Federal Law, No.32 of 2021, has shifted the air in the United Arab Emirates (UAE) business world. The law mandates the audit requirements in the UAE, ensuring that businesses operating in mainland UAE follow strict financial transparency and compliance guidelines. The most notable change is the statutory audit requirement for mainland […]
Avoid Double Tax In Dubai For Indian: Know More About India Double Tax Treaty With United Arab Emirates.
The India-UAE Double Taxation Avoidance Agreement (DTAA) ensures that individuals and businesses aren’t taxed twice on the same income, fostering a more favourable environment for trade, investment, and economic cooperation between the two countries. As cross-border transactions increase, understanding this treaty becomes essential for smooth financial planning, particularly when considering the tax in Dubai for […]
