Blogs

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...

VAT on Exports of Goods in the UAE The United Arab Emirates [UAE] plays a major role in international trades especially to connect the movement of goods through its ports. We know many businesses in UAE have a huge volume of Imports an...

Robotic Process Automation [RPA] Robotic Process Automation [RPA] is a software technology that imitates human actions while interacting with the digital systems performing different kinds of activities in IT applications. ...

Penalties for Non-Compliance of AML Regulations Administrative penalties for violation have been listed in Decree-law No. 10 of 2018. However, through Cabinet Decision No. (16) of 2021, the UAE Ministry of Economy and Justice has issue...

Amendment in administrative penalties –UAE VAT The Federal Tax Authority (FTA) has announced a reduction in penalties for businesses to file accurate tax returns by June 28, 2021. The UAE Cabinet issued Resolution 49/2021 to amen...

Customs Duty in the UAE  Goods imported into a country are subject to customs tax or Customs Duty specified in the Customs tariff and are collected at the first point of entry. The customs duty rates on imported goods are fixed at...

AML Compliance Obligation of  Real Estate Sector After Registering with the goAML System Do you think once you complete the go AML...

The Deadline is Nearer for Submitting MLRO’s Report for Insurance Companies, Agents & Brokers All insurance companies, insurance brokers, and Insurance agents must submit the annual MLRO/ Compliance Officer’s Report to...

Expo 2021 Expo 2020, the widely awaited global extravaganza that was set to open to the public in October 2020, has been delayed and moved back a year due to the COVID-19 pandemic. Expo 2020 Dubai will now take place from Oct...

Anti-Money Laundering Registration Deadline is on 30 April 2021 The UAE Ministry of Economy has extended the grace period for the businesses to be in compliance with the Anti-Money Laundering (AML) and...