As we all know, auditing and auditors are the two main supporting pillars of a company. Auditing enhances the company’s development. It helps to examine and verify the company’s financial records and transactions. There is a list of approved auditors…

In this blog, let us see about National ICV certificate and ICV certification bodies in UAE. What is National ICV Certificate? In order to successfully run a business in the UAE, obtaining an In-Country Value (ICV) accreditation is now considered…

ICV Certificate Sample: UAE is one such place where continuous efforts are taken to improve the region’s business environment. ICV certification is a crucial process to certify any supplier’s or contractor’s ICV score. This is done by the independent pre-approved…

ESR in Dubai: Over the last few years, Dubai has financially developed a lot and doing business has become a lot easier. Regulations such as Value Added Tax (VAT) and Anti-Money Laundering (AML) have been introduced to make sure there…

ESR is an abbreviation for Economic Substance Regulation. Its primary goal is to guarantee that the entities have adequate assets and resources, as well as qualified personnel in the country. They also want to make it clear that UAE businesses…

The cabinet of ministers of UAE made new changes to the Economic Substance regulations. This was done to determine the actual profits earned by the entities which will eventually help the economy of UAE.  The new Economic Substance Regulations are…

“As part of the UAE’s commitment as a member of the OECD Inclusive Framework, and in response to an assessment of the UAE’s tax framework by the European Union Code of Conduct Group on Business Taxation, the UAE issued Economic…

Value Added Tax (VAT) was started in the UAE with a rate of VAT 5%. The VAT, as a general consumption tax, will apply to the majority of transactions in goods and services. UAE adds VAT on tax registered businesses…

“In April 2019, the UAE issued Cabinet of Ministers Resolution No. 31  concerning Economic Substance (“Resolution 31″) as part of its commitment as a member of the OECD Inclusive Framework, and in response to an assessment of the  UAE’s tax…

ADNOC In-Country Value (ICV) certificate is a program for suppliers. It is a process of ADNOC suppliers of goods and services calculating their certified ICV scores and submits, in order to show how they are helping to deliver In-Country Certificate…

List of Audit firms in Abu Dhabi, in general, are companies that help businesses identify inefficiencies that weigh down an organization and eliminate them. They also help in identifying thefts and fraudulent activities within a company. This way, audit services…

An indirect tax levied on all the goods and services consumed is the VAT- Value Added Tax. More than 160 countries throughout the world adopted this. One of the most dynamic countries of the world is the Middle-East country UAE….