by Adel Farouk | Apr 26, 2021 | Tax & Compliance
Anti-Money Laundering Registration Deadline Extension The Ministry of Economy (MoE) has extended the deadline for GoAML registration to 30/04/2021. Did you know that registering for GoAML and applying Anti-Money Laundering and Combating the Financing of Terrorism...
by Mansour Sokrab | Jan 5, 2021 | Tax & Compliance
Blog Cabinet Resolution No. 58 of 2020 Regulating Beneficial Owner Procedures In Brief: Cabinet Resolution No. (58) of 2020 regulating Beneficial Owner Procedures (the “Resolution”) came into effect on 24 August 2020 and replaced Cabinet Resolution No. 34 of 2020...
by Mansour Sokrab | Jan 5, 2021 | Tax & Compliance
VAT Registration in UAE Any business which exceeds mandatory or voluntary registration thresholds may be required or may be able to register for VAT. A business must register for VAT if the taxable supplies and imports exceed the mandatory VAT registration in UAE...
by Mansour Sokrab | Jan 5, 2021 | Tax & Compliance
Blog Do suppliers of zero-rated and exempt supplies charge VAT? Suppliers do not charge tax on a zero-rated or exempt supply. Understanding the Zero Rate The zero rate applies to goods and services that are VAT taxable but have a 0% tax rate. These transactions must...
by Mansour Sokrab | Jan 5, 2021 | Tax & Compliance
business setup services in Dubai Why do people like to start a business in Dubai? Starting a business in Dubai should not take you more than a week once you’ve sorted all your legal procedures. But before you start your legal formalities, you need to consider some...
by Mansour Sokrab | Jan 5, 2021 | Tax & Compliance
Blog 6 Steps For An Error-Free Business Process Every company strives to achieve an error-free business process to enhance accuracy and efficiency. However, mistakes are inevitable. When they happen, two outcomes often follow: Nothing changes. Someone is blamed....
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