Our world has changed. Today’s remote working champions were checking what time we came into the office yesterday. In this world, someone made a point which made me think. As we move to crisp white shirts and pajama bottoms, what about the ideas we came up with around the watercooler? Remember...

We are pleased to publish our round-up of GCC tax news for the second quarter of 2021. The round-up includes important tax news from across the region, including an update on the introduction of VAT in Oman and changes to the tax penalty regime in the UAE   

BDO has released illustrative interim IFRS financial statements for the half-year ended 30 June 2021. These illustrative financial statements include disclosures relating to the effects of COVID-19, as well as an illustration of an entity adopting the recent amendments to IFRS 16 COVID-19 Related...

BDO has released IFRB 2021/11 – 30 June 2021 Period-end IFRS Update. This publication provides an overview of standards and amendments that will be effective in the near future as well as a summary of recent IASB activities, including IFRS Interpretations Committee agenda decisions.   

In the post-pandemic middle market, organizations must either go digital or go dark. Our latest BDO Digital insight includes a 10-step digital transformation playbook to help leaders reimagine their businesses to ensure long-term success

Businesses with a financial year of 31 December 2020 are reminded that the due date for the ESR notification is 30 June 2021 if they performed a relevant activity during the financial year. This notification would be required even if the same activity was performed and notified for FY 2019. ESR...

The UAE continues to enhance its position as one of the easiest places to do business by introducing 100% foreign ownership of mainland companies. Whilst this change was implemented on 1 June 2021, information is flowing from the respective Department of Economic Development (DED) of each Emirate...

The UAE has made major changes to the penalty regime for Value Added Tax and Excise Tax. The changes are due to come into effect 60 days from 28 April 2021.Other than several prospective and favourable changes, the Decision also introduces an amnesty scheme that will allow unpaid penalties, which...