Blogs

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...

6 Steps the Businessmen Should Take Now for Implementing UAE VAT   STEP 1: Check whether your company needs to be registered for  VAT or not. Whether your current year turnover is more than AED 375,000...

Shams Free Zone In Sharjah Media City (Shams Free Zone) an emerging free zone in UAE through Emirates Chartered Accountants Group. They have started issuing free zone licenses in different sectors. SHAMS, Sharjah Media City i...

Steps to form a company engaged in Leasing and Management of other people’s property  Include firms engaged in managing commercial, residential, industrial buildings through contracting with the owner in order to sublease on...

Is Financial Audit Mandatory for SME companies registered in UAE? Is financial audit  mandatory or not in the UAE? Should the books of accoun...