As we acknowledge Cyber Security Awareness Month in December, we are drawing attention to actions you can take to reduce your cyber risk and help protect yourself online.This week’s theme for Cyber Security Awareness Month is ‘It is time to take action!’While there is a multitude of threats...

The Economic Substance Regulation has two annual filing obligations for licensees within the scope of ESR.ESR notification must be filed if the business is undertaking a Relevant Activity. This applies even where the business claims exemption from ESR or does not earn any income from the Relevant...

The UAE has announced a full update of the Tax Procedures Law, with the publication of Federal Decree-Law No. 28 of 2022 on 30 September 2022. This will revoke and replace the Federal Decree-Law No. 7 of 2017 on Tax Procedures, with effect from 1 March 2023.This update comes hot on the heels of...

BDO UAE is pleased to announce its new series: The Tax Bite, a podcast series for accountants, bookkeepers and tax professionals in the UAE. Each episode features a discussion about local and global tax issues affecting UAE businesses. The Tax Bite will be hosted by a regular team of experienced...

The IASB recently issued amendments to IAS 1, which clarify how an entity determines whether liabilities with covenants are classified as current or non-current liabilities. This classification may significantly affect gearing, liquidity and other key financial indicators for reporting entities...

Running your business is a 24-hour job. It's common for business owners to get carried away in business operations, which can often result in overlooking the importance of calculating and analyzing key performance indicators (KPIs). These KPIs can provide valuable insight into the health of your...

In today’s turbulent times, it’s critical for company leaders to optimize their finance and accounting functions to navigate the road ahead and recession-proof their organizations. Oftentimes, outsourcing to a third-party advisor can help buoy the business during these times.   Have questions...

The success of your year-end financial audit depends on the steps scaleups take many months before. Whatever actions your finance team takes throughout the year, always ask this critical question: “Is my business audit ready?”Audit readiness does more than make your auditors happy. It simplifies...

As the end of 2022 approaches, the list of hyperinflationary economies has continued to evolve rapidly due to deteriorating economic conditions and high inflation in several countries. BDO's IFR Bulletin summarises the countries expected to become hyperinflationary in 2022, as well as an updated ...