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Charities That May Recover Input Tax in UAE Charities That May Recover Input Tax for the purposes of Federal Decree-Law No. 8 of 2017 on Value Added Tax Cabinet Decision No. 55 of 2017 – issued 28 December 2017 (effective 1 January 2018), Cabinet Decision No. 15 of 2018 –
UAE VAT Reverse Charge The UAE VAT Reverse Charge mechanism is a key aspect of the country’s tax regulations, especially for businesses involved in imports. Instead of requiring foreign suppliers to register for VAT, this system shifts the responsibility to the UAE-based buyer, who accounts for and pays the VAT
Finalization Of Financial Statements in Dubai 2025 Keeping financial records accurate and conducting thorough audits are key to staying competitive in today’s fast-changing market. AHG, a leading accounting and auditing firm in the UAE, carefully examines whether your business follows international accounting standards like IFRS. Our finalization of financial statements
ECL The International Accounting Standards Board (IASB) introduced IFRS 9 – Financial Instruments in July 2014, setting out a principles-based standard for recognizing and accounting for credit losses. This standard replaced the old approach with a forward-looking expected credit loss (ECL) framework, requiring businesses, especially banks, to account for potential
Arm’s Length Principle In the fast-moving world of multinational businesses, subsidiaries often trade goods and services among themselves. One major challenge they face is setting fair prices for these transactions. To address this, the UAE’s new corporate tax system has introduced transfer pricing a framework designed to ensure that transactions
Excise Tax UAE The United Arab Emirates (UAE) recently rolled out major updates to its Excise Tax UAE Executive Regulations, effective December 1, 2023. These amendments, the first since the excise tax was initially introduced in October 2017, reflect the government’s dedication to improving tax policies for a more efficient
Value Added Tax In gcc countries The Gulf Cooperation Council (GCC) is an economic and political alliance formed in 1981, bringing together six Arab states in the Persian Gulf: Saudi Arabia, the United Arab Emirates, Bahrain, Kuwait, Oman, and Qatar. Its primary goal is to foster unity and coordinate efforts
UAE goAML Platform With the UAE stepping up its game to fight money laundering and terrorist financing, businesses across all industries must now make compliance with Anti-Money Laundering (AML) regulations a top priority. A key part of this is AML registration, which involves following a structured process through platforms like
MEP Accounting Services UAE MEP Accounting Services UAE stands for Mechanical, Electrical, and Plumbing Accounting services in United Arab Emirates, and plays a crucial role in the construction industry, as these fields are closely interconnected. In Dubai, leading MEP companies significantly contribute to the economy, relying on skilled professionals from
The accounting industry in the United Arab Emirates (UAE) is constantly evolving and growing. As a result, it is important for accounting professionals to stay up-to-date with the latest news and developments in the field.
There are a number of ways to stay informed about the latest news in the accounting UAE. One way is to follow industry-specific news sources, such as AccountingWEB UAE.
Another way is to attend industry events, such as the annual Accountants and Auditors Conference. The best way to stay abreast of the latest developments in the accounting UAE is to join one or more professional organizations, such as the Emirates Chartered Accountants Society or the Association of Certified Chartered Accountants in Abu Dhabi.
These organizations regularly host events and seminars on current topics in the accounting industry, and they also provide members with access to publications and other resources.
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