Blogs

ESR Penalty in the UAE Have you received the Penalty Email from Federal Tax Authority for non-compliance with Economic Substance Regulation in the UAE? Well in this article we will discuss the reasons penalt...

Accounting and MIS Reporting in Abu Dhabi and UAE Accounting is important in the running of a business as it helps to track the expenditures and income of the organization. It also helps to provide investors, stakeholders, managem...

Supply of B2B Passenger Transportation Services - Taxable or Exempt? Tax Consultants in Abu Dhabi, Dubai, and any other Emirates in the UAE are appointed by businesses/individuals to ensure compliance with the VAT law in the region. In...

ESR UAE- Alert call for ESR submission for Financial Year 2020 & 2021 Annual ESR Report for FYE 31st Dec 2020: All the Entities fulfilling the following criteria will require to file ESR Report by 31st December 2021:...

Latest Updates on Goods Supplied in a Designated Zone, and Connected Shipping or Delivery Services The Federal Tax Authority of UAE has recently amended the provisions of Article 51(5) and 51 (7) of the Executive Regulations to the VAT...

What is Internal Audit? Internal audit is an independent management function, which involves a continuous evaluation of the functioning of an organization to improve its operations.  Objectives and Scope of Internal Aud...

Audit Firms in Abu Dhabi The audit is an independent examination of the financial information of a company with the intention to express an opinion on the financial statements that represent a true and fair view. Auditing includes chec...

Tax Treaty between the UAE and Kingdom of Saudi Arabia The Income Tax Treaty also referred to as the Double Tax Avoidance Agreement between the United Arab Emirates (‘UAE’) and the Kingdom of Saudi Arabia (‘KSA’...

Reforming the International Tax System BEPS 2.0 - Two-Pillar Solution Over the past years, the international tax environment has remained in flux and has become increasingly complex. The Base Erosion and Profit Shifting proje...

Economic Substance Regulation[ESR]- Post Submission of Notification / Report Economic Substance Regulation in the UAE was introduced in the year 2018 and came into effect for Financial Year starting from 1st January 2019. By now all th...