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29 November 2020

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...

25 November 2020

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.

18 November 2020

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...

04 November 2020

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:    

03 November 2020

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

19 October 2020

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...

22 September 2020

The year 2020 has been an exceptionally challenging year so far due to the Outbreak of COVID-19. The effects of COVID-19 will require companies to adjust their systems that interact with financial reporting requirements. In this article, we have covered the financial guarantee contracts that are...

17 September 2020

The Federal Tax Authority (‘FTA’) has published a guide on E-commerce (also known as electronic commerce or digital economy) clarifying the VAT treatment that should be adopted for the supply of goods and services electronically. The guide mainly discusses two types of transactions;Goods...

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