Blogs

Inventory Evaluation Process Disclosure of the accurate value of inventory is very important for a business organization to give a true and fair picture of the financial position as well as the profit/...

Case Studies that UAE Traders Need to Know About VAT Transactions UAE is going to implement VAT by 1st Jan 2018. The business community is eager to know its impact on their business. To understand the impact of  ...

Now you can become a licensed freelancer by investing just 350 USD (terms and conditions applied).  Emirates Chartered Accountants Group invites all the enthusiastic freelancing individuals to put forward their aspiration t...

Beginners Guide to VAT on Online Trading With the introduction of  VAT in the UAE, it is expected to cross thirty-five billion AED businesses through e-commerce by the year 2018 in the...

UAE Excise Tax Law- An Overview Excise Tax will be introduced in the fourth quarter of 2017 of the year 2017 in the United Arab Emirates, under the framework of the unified agreement between the GCC countries. The other GCC Member Stat...

Incorporation of VAT in the GCC The unofficial English version of the GCC Unified Agreement on Value Added Tax (GCC UAVAT) is being issued; as the Arabic version of GCC, UAVAT has been publicized by the Saudi Official Gazette. The GCC...

Dubai Silicon Oasis Authority Dubai Silicon Oasis Authority, a 100% government-owned free zone that promotes modern technology-based industries with the urban master-planned community, state-of-the-art infrastructure, and in-house busi...

In the UAE VAT, the Reverse Charge Mechanism is applicable while importing goods or services from outside the GCC countries. Under this, the busine...

Re-Domiciliation” or “Transfer of Domicile” is possible in RAK ICC  Existing offshore companies registered in other jurisdictions can transfer their Domicile to RAKICC. “Re-domiciliation” or “Tr...

How VAT affects the companies in the UAE and who will bear the increased cost of 5% VAT?  The burden of VAT needs to be borne by someone – either the businesses or consumers or both. Th...