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VAT: UAE Introduces Reverse Charge Mechanism to Boost Electronics and Computer Trade
- 29.09.2023
- Posted by: Derya Bandak
- Categories: Dubai, Tax
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The UAE has introduced a Reverse Charge Mechanism in VAT regulations to streamline tax compliance and boost the electronics and computer trade, allowing VAT-registered buyers to self-account for VAT.
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UAE Launches End of Service Savings Scheme
- 29.09.2023
- Posted by: Derya Bandak
- Category: Dubai
The UAE has introduced a new end-of-service benefits (EOSB) scheme that allows employers to make monthly contributions to investment funds on behalf of their employees, offering a modern alternative to traditional gratuities and extending benefits to both the private and public sectors.
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FTA Renews Call for Registration for Corporate Tax
- 28.09.2023
- Posted by: Derya Bandak
- Categories: Dubai, Tax
The Federal Tax Authority (FTA) of the UAE is urging all types of companies to finalize their Corporate Tax registration in accordance with the new Taxation of Corporations and Businesses Law.
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Ensuring Arm’s Length Opening Balances in UAE’s Corporate Tax Era
- 27.09.2023
- Posted by: Uwe Hohmann
- Categories: Dubai, Tax
Ensuring arm’s length opening balances in compliance with UAE’s Article 61(2) and IFRS standards is pivotal for transparent, accurate tax reporting and minimizing future tax liabilities.
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Saudi-German Alliance: An Opportunity for Business and Sustainability
- 25.09.2023
- Posted by: Derya Bandak
- Category: Saudi Arabia
The recent high-level dialogues between Saudi Arabia and Germany signify a strategic alliance that not only accelerates the achievement of Sustainable Development Goals but also creates an opportune moment for German businesses to expand into the Saudi market.
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A Transformative Geopolitical Shift – G20 Leaders Unveil Ambitious Infrastructure Project
- 22.09.2023
- Posted by: Omar Sami
- Category: Saudi Arabia
In a bid to reshape global geopolitics and challenge China’s Belt and Road Initiative, G20 leaders unveiled a far-reaching infrastructure project, heralding new opportunities and enhanced connectivity from India to Europe, particularly benefiting businesses in the UAE.
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The Regional Headquarters (RHQ) in Saudi Arabia
- 20.09.2023
- Posted by: Omar Sami
- Categories: Company Setup, Saudi Arabia
As Saudi Arabia becomes a key hub for global business expansion, new regulations mandate foreign companies to establish a Regional Headquarters (RHQ) to operate effectively, with various benefits offered for compliance.
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BRICS Expansion: A Game-Changer for the UAE and KSA
- 18.09.2023
- Posted by: Omar Sami
- Category: Saudi Arabia
The expansion of BRICS to include the UAE and KSA presents a transformative shift in global geopolitics, offering significant economic opportunities for these nations and attracting foreign investors.
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Why Every Company in Dubai Should Hire a Tax Consultant
- 11.09.2023
- Posted by: Damir Novalic
- Category: Tax
Let us delve into the myriad advantages of hiring a tax consultant in Dubai, and how it can help managers focus on important tasks.
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Saudi Crown Prince Launches The Master Plan for Logistics Centers
- 03.09.2023
- Posted by: Omar Sami
- Category: Saudi Arabia
Saudi Arabia´s Vision 2030 – The transformative initiative aiming at reducing the country´s dependence on oil revenues and diversifying its economy.
