Blogs

Audit and Assurance Company Services in Dubai, UAE

Amendment in Administrative Penalties –UAE VAT

Amendment in administrative penalties –UAE VAT The Federal Tax Authority (FTA) has announced a reduction in penalties for businesses to file accurate tax returns by June 28, 2021. The UAE Cabinet issued Resolution 49/2021 to amen...

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Is Your Business Customs Law Compliant and Prepared for a Customs Audit?

Customs Duty in the UAE  Goods imported into a country are subject to customs tax or Customs Duty specified in the Customs tariff and are collected at the first point of entry. The customs duty rates on imported goods are fixed at...

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AML Real Estate Sector Compliance Obligations

AML Compliance Obligation of  Real Estate Sector After Registering with the goAML System Do you think once you complete the go AML...

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AML Insurance-Deadline is Nearer for Submitting MLRO’s Report for Insurance Companies

The Deadline is Nearer for Submitting MLRO’s Report for Insurance Companies, Agents & Brokers All insurance companies, insurance brokers, and Insurance agents must submit the annual MLRO/ Compliance Officer’s Report to...

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Expo 2021-10 Ways to Get Involved in Expo2021

Expo 2021 Expo 2020, the widely awaited global extravaganza that was set to open to the public in October 2020, has been delayed and moved back a year due to the COVID-19 pandemic. Expo 2020 Dubai will now take place from Oct...

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Anti-Money Laundering Law in UAE- Latest Updates in April 2021

Anti-Money Laundering Registration Deadline is on 30 April 2021 The UAE Ministry of Economy has extended the grace period for the businesses to be in compliance with the Anti-Money Laundering (AML) and...

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Ecommerce License Dubai Cost and Its Benefit

e-commerce license for AED 5,750 in Shams Free zone Shams media city free zone authority is providing e-commerce license for AED 5,750 for one year and if you are going for multiple years there will be huge discounts. We can app...

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Go for Appeal if Penalty on (Economic Substance Report)ESR is Raised.

Go for an appeal if the penalty on ESR is raised. Did you successfully submit the Economic Substance Notification & Economic Substance Report of your company to the Ministry of Finance? Did you get any response from the a...

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What are the 5 Roles of an Accountant in Your Organization?

Roles of an Accountant in Your Organization The role of the accountant is becoming more dynamic in nature, the 5 Major Roles of An Accountant in your Organization is Management of Money in (Receivable), Money out (Payable), Payroll, Fi...

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File the Details of its Beneficial Owners Before the Due Date

Beneficial Owner Procedures / UBO – Adhering the Deadlines Beneficial Owner Procedures Regulation commonly known as UBO was introduced in the UAE vide Cabinet Decision No. 58 of 2020, on 24 August 2020. Beneficial Owner Procedure...

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