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Liquidation of Company
18 July 2020

Liquidation of Company

A well crafted exit strategy is as important for a business as its daily operations. The decision to liquidate a company is to be taken at an appropriate time & abiding by all...

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UAE Moves Towards Normalcy
5 July 2020

UAE Moves Towards Normalcy

The biggest highlight of 2020 has been the COVID-19 or the SARS-CoV 2 virus. The initial jolt caused by COVID-19 disrupted the normal functioning of life all around the world...

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Economic Substance Regulations (ESR)
8 Jun 2020

Economic Substance Regulations (ESR)

The biggest highlight of 2020 has been the COVID-19 or the SARS-CoV 2 virus. The initial jolt caused by COVID-19 disrupted the normal functioning of l...

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Accounting Services in UAE
28 Apr 2020

Accounting Services in UAE

Accounting is a process of recording, measuring, and communicating information about financial transactions. Normally, the word “accounting and book...

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How to Correct Errors in your VAT Return?
23 Apr 2020

How to Correct Errors in your VAT Return?

As humans, it is inherent for us to make mistakes – be it committing a small error or getting lost on how things should be done. The same thing migh...

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Importance Accounting in the Business World
15 Mar 2020

Importance Accounting in the Business World

In the world of business, it is very common for us to hear that accounting plays a vital role as this gives the stakeholders a gauge of how well a com...

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VAT Registration in UAE
18 Feb 2020

VAT Registration in UAE: When, Why and How?

Value Added Tax has been implemented in the UAE last 1st January 2018. With this, businesses need to consider whether they are required to register fo...

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External Audits
9 Feb 2020

External Audit

An external audit is an independent examination of the financial statements prepared by the organisation. It is an examination of a company's records ...

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VAT could mean higher costs for banking services
5 Sep 2017

VAT could mean higher costs for banking services

Indications from the new tax law announced last week point to a system that UAE banks and financial institutions will have both exempt as well as taxable supplies.

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New UAE bankruptcy law to be operational in early 2017
5 Sep 2017

New UAE bankruptcy law to be operational in early 2017

The new UAE bankruptcy law approved by the UAE Cabinet this week is likely to come into effect early next year.Obaid Humaid Al Tayer, Minister of State for Financial Affairs,

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New requirements will not imperil offshore formation
5 Sep 2017

New requirements will not imperil offshore formation

Under CRS - similar to the Foreign Account Tax Compliance Act introduced by the US to tackle tax evasion and target sources of undeclared wealth - foreign financial institutions (FFIs)

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Federal Tax Authority mandated to audit tax compliance in the UAE
5 Sep 2017

Federal Tax Authority mandated to audit tax compliance in the UAE

The Indian Consulate in Dubai has issued an advisory about unscrupulous shipping companies and agents following a huge number of complaints received recently from Indian seafarers in distress in the

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Indian consulate issues advisory on shipping firms, agents with bad records
5 Sep 2017

Indian consulate issues advisory on shipping firms, agents with bad records

The Indian Consulate in Dubai has issued an advisory about unscrupulous shipping companies and agents following a huge number of complaints received recently from Indian seafarers in distress in the

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Small firms need to be sticklers at book-keeping
4 Aug 2016

Small firms need to be sticklers at book-keeping

The importance of maintaining proper accounting records by SMEs cannot be overstated. Yet many entrepreneurs and business owners do not take keeping a record of accounts seriously, placing it low

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