Anti Money Laundering (AML) Audit: A Comprehensive Guide
Why an Anti Money Laundering (AML) Audit Is Essential for Modern Businesses? In today’s highly regulated financial environment, companies must abide by strict compliance guidelines. An Anti-money laundering (AML) audit is a valuable tool for ensuring that companies, especially those in the financial and professional services sectors, comply with the law, by prohibiting and identifying […]
UAE Tax Calendar for 2025: Key Deadlines for VAT, Corporate Tax & More
UAE Tax Calendar and Deadlines: You Should Know For 2025 Several recent amendments have been introduced to the UAE’s tax regime. With the UAE tax calendar for 2025 active, companies must keep track of important deadlines to ensure full compliance. Continue reading to discover the most essential tax deadlines for 2025, including VAT returns, Excise […]
Ministerial Decision No. 84 of 2025 on Audited Financial Statements
Ministerial Decision No. 84 of 2025: Regulations on Audited Financial Statements The Ministry of Finance (MoF) has issued ministerial decision No. 84 of 2025 mandating the cases where taxpayers are required to prepare and maintain audited financial statements for UAE Corporate Tax purposes, including new procedural obligations for Tax Groups and Qualifying Free Zone Persons […]
Understanding the Company Liquidation Procedure in Dubai
What You Need to Know About Company Liquidation in Dubai? Closing a business in Dubai can be just as important as starting a new one. Company liquidation in Dubai is the lawful process of winding up a company and closing its operations. It entails paying debts, distributing assets, and revoking licenses to comply with UAE […]
Complete Process of Setting Up a Business in Dubai
Understanding the Process of Setting Up a Business in Dubai Dubai’s most favorable business environment, incredible tax benefits, and global connectivity make it the best destination for business setup. Your desire to start a new business in Dubai might take a long time due to lack of proper guidance. Even if you progress through essential […]
Guide on Transfer Pricing Agreement Every Business Needs to Know
Why Transfer Pricing Agreements Are Essential? Did you know multinational firms represent about 60% of all global trade? Companies must handle complex tax regulations to avoid severe penalties for growing cross-border transactions. At this point, a guide on transfer pricing agreement is a necessity. According to tax laws, a transfer pricing agreement ensures that transactions […]
A Guide to Accounting Services Costs in Dubai
What You Need to Know About Accounting Services Costs? Are you aware that 82% of companies face difficulties in financial management due to mishandling of accounts? Many firms around Dubai may not see how helpful skilled accounting could be—that is until serious financial issues arise for them. The main question to ask is: What are […]
Benefits of Corporate Tax Registration
Exploring the Benefits of Corporate Tax Registration in UAE for Business Growth Corporate tax implementation in the UAE represents a remarkable economic shift that brings UAE tax policies to international standards without compromising its position as a global business centre. Starting June 1, 2023, corporate establishments in the UAE must register for corporate tax through […]
Grace Period Provided to Update Information in UAE Tax Records
No Penalty For Failure to Update Tax Records by 31st March 2025 Background Tax registrants are required to update their tax records (for example – Name, address, email address, trade license activities, legal entity type etc.) with the Federal Tax Authority (“the FTA”) within 20 business days. Delay or failure to update the tax records […]
Benefits of a Financial Statement Audit for Businesses
The Importance of Financial Statement Audit for Businesses Businesses operating in the UAE require financial statement audits to establish transparency, compliance, and trustworthy financial operations. Audits conducted by audit and assurance services review financial records from companies through independent assessments. Financial audits expose fraud and errors, ensuring that organizations report their finances transparently. In Dubai, […]