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UAE Corporate Tax and IFRS Compliance: A Guide to Financial Reporting
- 09.10.2023
- Posted by: Malavika Kolera
- Categories: Accounting, Dubai, Tax
No CommentsThe Federal Decree Law No. 47 of 2022 in the UAE necessitates that Taxable Persons adhere to IFRS, placing heightened importance on IAS 12 for effective tax accounting and compliance.
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UAE Economy Set to Soar: 3% Growth in 2023, 4% in 2024
- 03.10.2023
- Posted by: Derya Bandak
- Category: Dubai
The UAE is poised for robust economic growth, fueled by a resilient banking sector, burgeoning tourism industry, and forward-thinking government initiatives, offering a diversified investment landscape that’s increasingly attractive to global investors.
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Lombard Odier Expansion in the UAE: Why European Businesses Should Follow
- 03.10.2023
- Posted by: Uwe Hohmann
- Category: Dubai
Lombard Odier, the esteemed Swiss private bank, has set sights on an ambitious expansion plan within the UAE. This represents a golden opportunity for European entrepreneurs seeking to expand their horizons. However, the journey can be complex and challenging.
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Investing in the Kingdom: How Saudi Arabia’s New Policies Affect Your Business Strategy
- 02.10.2023
- Posted by: Uwe Hohmann
- Category: Saudi Arabia
Saudi Arabia’s aggressive policy reforms represent a golden era of investment opportunities in the Middle East. Businesses can capitalize on these by understanding the intricacies of these reforms and how to navigate them effectively.
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UAE’s Ambitious Sustainability Plans
- 02.10.2023
- Posted by: Omar Sami
- Category: Dubai
The second day of Climate Future Week in Dubai showcased the UAE’s multifaceted approach to sustainability, featuring insights on clean energy, sustainable architecture, carbon capture, innovative agriculture, and the role of creative industries in driving environmental awareness.
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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
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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29 Jan 2025 TaxUnderstand UAE Corporate Income Tax Penalties
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29 Jan 2025 TaxUAE Corporate Income Tax Registration Deadline Approaches: What Natural Persons Need to Know
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29 Jan 2025 DubaiUAE Golden Visa Update 2025: New Opportunities for Long-Term Residency
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24 Jan 2025 DubaiUAE’s Economy Set to Grow 4% in 2025
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24 Jan 2025 DubaiAbu Dhabi and Dubai Among the World's Safest Cities