UNITED ARAB EMIRATES
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The 2021 edition of our Doing Business in the UAE is designed to provide an overview of key considerations for doing business in the United Arab Emirates (UAE). The guide provides you with basic knowledge about the United Arab Emirates; an overview of its economy, business culture, legal...
In response to stakeholders’ demands for more relevant and effective disclosures in the financial statements, the IASB has proposed a new approach to developing the disclosure requirements in IFRS Standards. In March 2021, the IASB released Exposure Draft – Disclosure Requirements in IFRS...
This publication explains how the extension to the practical expedient in IFRS 16 is applied and how an entity applies the transitional requirements depending on the timing of an entity’s year-end and when an entity chooses to adopt the amendments.
The Federal Tax Authority (‘FTA’) has published a Basic Information Bulletin for the automotive sector. The bulletin is brief but includes some important reminders for automotive traders. It confirms the standard rules relating to VAT, such as rules on registration, invoicing and input tax...
In the webinar we covered common ESR filing mistakes, practical tips that will help when filing notifications and reports, and an overview of the penalty regime and appeals process.
The FTA has published a welcome reminder of the rules of the VAT bad debt relief scheme. This will be helpful to many taxpayers as the way in which the scheme works is sometimes misunderstood.Subject to various conditions, the Bad Debt Relief scheme allows a taxpayer to claim a refund of VAT...
Summary of proposed key amendments affecting entity’s financial statement preparation and disclosure process.
AML Regulatory and enforcement landscape is changing in the UAE, and businesses need to register on government-mandated platforms and be proactive around compliance with related laws and regulations.
As a part of the basic information bulletin, the Federal Tax Authority has released a short guidance on supplies made by Artists and Social Media Influencers who are earning income in UAE from their artistic activities. Check out a quick round up of the bulletin here.