Posted on 11 September 2023
A companys financial situation must be regularly monitored in order for it to improve. Auditing may aid with business understanding by analysing the numerous ac..
Posted on 24 June 2023
The concept of Deemed Supply (DS) is included in scope of tax as per UAE VAT law (Law). Definition of DS as per law includes supply of goods or services made wi..
Posted on 14 June 2023
Recently the United Nations published a policy brief Reforms to the International Financial Architecture [1] . It sets out action-oriented recommendations for r..
Posted on 12 June 2023
Small and medium enterprises (SMEs) are the backbone of any thriving economy, and the United Arab Emirates (UAE) recognizes their crucial role in driving econom..
Posted on 07 June 2023
The introduction of corporate tax in the UAE, effective from the financial years starting on or after 1 June 2023, marks a significant milestone in the countrys..
Posted on 31 May 2023
In my last article, I discussed the UAEs announcement concerning the introduction of corporate income taxation (CIT), and hinted that Bahrains rollout of CIT is..
Posted on 30 May 2023
To adhere to the Corporate Tax Law, it is necessary to understand the prerequisites for maintaining the Master File and Local File.
Requirements for Maintain..
Posted on 26 May 2023
Ministerial Decision No.116 of 2023
As per Article 23, specified income from participating interest is exempt from Corporate Tax in UAE (CT). As per Clause 2..
Posted on 24 May 2023
Artificial Intelligence (AI) has emerged as a game-changer in various industries, and its impact on financial forecasting is no exception. Traditional methods o..
Posted on 17 May 2023
Since the end of April, the Ministry of Finance (MOF) and the Federal Tax Authorities (FTA) have decided to publish every week the most expected decisions to cl..
