BDO has published IFR Bulletin 2020/14 – Effects of Climate-Related Matters on Financial Statements. This publication summarises how entities may consider climate-related matters when preparing financial statements in accordance with IFRS. It also summarises recent IASB activities relating to...

Balanced growth takes global revenues over US $10 billion  BDO’s clear strategic approach to the COVID-19 business recovery process has resulted in balanced growth across the board, with global revenues reaching US$ 10.3 billion, together with a 3.3% increase in headcount 7.8%* increase in global...

A public clarification issued by the Federal Tax Authority suggests that Owners Associations and Management Entities for properties in the Emirate of Dubai should check their VAT status to ensure they are in compliance with the Law.

The Abu Dhabi Judicial Department has issued a resolution to establish a court specialising in money laundering and Tax Evasion. It has been emphasized that the establishment of this Abu Dhabi Special Court will support the UAE’s efforts to combat such crimes, persecute perpetrators and reinforce...

This article describes the requirements of accounting standard regarding classification of the liabilities as current or non-current.

The UAE Ministry of Finance (MoF) has announced the ESR Filing Requirements and Deadlines along with the relevant templates for ESR notification and ESR report.Key takeaways and highlights from the notice published by the MoF are:    

"The greatest danger in times of turbulence isn't the turbulence, it is to act with yesterday's logic". Peter Druke. 

The impact of the coronavirus pandemic on the Middle East and global economies has been severe and has led to significant changes in demand across all economic sectors. The speed and strength of the Middle East and global economic recovery will depend in large part on the success of public health...

On 24 August 2020, the UAE Cabinet published Cabinet Decision No. 58/2020 on the Regulation of Procedures Related to Real Beneficiaries (the “New Cabinet Decision”). This Decision requires companies licensed or registered in the UAE (except partly or wholly owned Local or Federal government and...