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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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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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Dubai: Recently Published Administrative Penalties for Tax Violations
- 31.07.2023
- Posted by: Omar Sami
- Category: Dubai
Dubai has recently introduced new administrative penalties for tax violations under its Corporate Tax regime, aiming to ensure tax compliance and foster a transparent environment.
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Dubai – Virtual Assets Regulatory Authority (VARA)
- 20.07.2023
- Posted by: Omar Sami
- Category: Dubai
Dubai has established the Virtual Assets Regulatory Authority and implemented regulations governing virtual assets, demonstrating its commitment to positioning itself as a global hub for the digital economy
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21 Feb 2025 DubaiUAE Enters Global Top 10 in Soft Power
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21 Feb 2025 DubaiUAE SMEs Show Strong Growth Potential in 2025
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21 Feb 2025 TaxTax Compliance in Dubai - FTA Reports Major Increase in Inspection Activities
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15 Feb 2025 DubaiThe UAE Economy To Grow 5-6% in 2025
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15 Feb 2025 DubaiA Guide to UAE's Anti-Money Laundering Compliance