Hire the Best PRO Services in UAE for Tailoring to Your Business Needs
The United Arab Emirates with its business-friendly environment, connectivity, security & safety addresses it as one of the best choices for investors to live here & run their businesses. Operating a business in the UAE requires compliance with several procedures mandated by the UAE government. It has a list of formalities & procedures to be […]
Deadline of Resubmission of ESR Notification Is A Few Days Away
ESR filing deadline for Notifications will be extended to 31st December 2020, because the Ministry of Finance Portal (MOF) was activated just recently (first week of December 2020). So, now the new online Portal is used for filing Purposes, which was launched by the UAE Ministry of Finance. The filing of the ESR notifications, economic […]
ESR Impact on Business in UAE
Economic Substance Regulations (ESR) were introduced in the United Arab Emirates with effect from 30th April 2019 by the Cabinet Decision Number 31 of 2019. The introduction of ESR has pulled the attention of market masters just as of those various organizations which are in the investment business. Thus, it has become crucial that the […]
Know the Role of Internal Auditors in UAE
Expert internal auditors in UAE can provide you with the right assistance and guide you in all financial matters of your business. They can evaluate the effectiveness of the risk management, governance, & control processes of a business & advance them. Auditors can provide services to deal with problems that are essentially needed for the […]
Penalties for Non-Compliance with Economic Substance Regulations
Economic Substance regulations were introduced in the UAE to deliver greater transparency in taxation matters & also to guarantee that there is a healthy & fair tax competition in the nation. The regulations will ensure that the business substances in the UAE report the right measure of benefits picked up by the said financial movement […]
Reasons To Hire TAX Consultants In UAE
Have you ever attempted to evaluate accounts like purchase, payments & spending on your own business? If you have, then you would know the fact that it is so hard to oversee things. With changing tax rates, it is often hard to keep yourself updated with all the rules & regulations. As a taxable entity, […]
Why Small Businesses Need To Go For Accounting Services?
Small businesses are considered the financial backbone for most economies. They are drivers of development as they help produce occupations for millions, add to the GDP gains, and powerfully affect the neighbourhood economy. These are only a portion of the numerous commitments to socio-economic advancement in both developing & developed countries. In any case, similar […]
How To Apply For UAE VAT Reconsideration?
UAE VAT reconsideration permits a taxable individual to appeal for the review given by the FTA authority. All the organizations in the UAE must know about the VAT laws, which is always beneficial to smoothly run their business. If organizations don’t follow the tax laws gave by the Federal Tax Authority (FTA), they will get […]
New Updates of Economic Substance Regulations in UAE
ESR (Economic Substance Regulations) were launched in the UAE with effect from 30th April 2019. The UAE Cabinet of Ministers of UAE has now issued Updated ESR on 10th August 2020 which repeals & replaces the ESR. The Ministry of Finance in UAE has also issued updated guidance expounding the Updated ESR. The New ESR […]
Economic Substance Regulations For The Mainland Companies In The UAE
The economic substance regulations are applicable to all the Mainland Companies that are established in the UAE and generate income from a relevant economic sector (termed as Relevant Activity) from January 01, 2019. The scope of Economic Substance Regulations in mainland companies in the UAE excludes such entities in which a minimum of direct investment […]