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News and Insights

VAT in UAE

Value Added Tax or VAT is considered to be a general tax imposed on the majority of the transactions of goods and services in UAE. The rate of VAT calculated in the UAE is 5%. For example, if the marketing…

Is audit mandatory for a company?

As we all know, entrepreneurs consider auditing as one of the paramount elements in business. Auditing a company is a lot more significant than we all believe. Auditing is a primary process by which all the financial records of the…

Bookkeeping Services in Dubai

Accounting and bookkeeping businesses play a crucial role in Dubai’s economic system. Both accounting and bookkeeping are essential tasks that support a business’s financial division. Companies can record their financial transactions with the use of bookkeeping services in Dubai. It…

CA firms in Dubai

Running a business requires entrepreneurs to maintain accurate financial records. Not only does this help with managing cash flow, but it also ensures the company maintains compliance at all times. CA Firms in Dubai help young businesses with these processes…

Economic substance regulations Dubai

As a member of the OECD Inclusive Framework, the UAE adopted Economic Substance Dubai Regulations. This will help the country improve the transparency and accountability of its taxation system. Doing so has helped the country get off the EU’s tax…

Economic Substance Regulations UAE Notification

Economic Substance Regulations UAE Notification Under the Economic Substance Regulations UAE, which are sometimes referred to as the ESR guidelines, the United Arab Emirates put into effect the regulations in April of 2019. Because they increased both security and accountability,…

ESR Regulation UAE

With the purpose of demonstrating its dedication to the development and enhancement of the OECD Inclusive Framework, the United Arab Emirates (UAE) developed the ESR Regulation UAE. The United Arab Emirates (UAE) announced these guidelines in order to remove itself…

How to file ESR in UAE?

File ESR in UAE: The UAE adopted the Economic Substance Regulations in 2019, and all eligible companies have to submit their ESR filing on time annually. This new system will help the UAE improve the transparency and accountability of its…

How to Submit ESR Online

How to Submit ESR Online: The newly implemented Economic Substance Regulations require eligible entities to submit an ESR Notification form online. The ESR submission requirement involves two separate filings, the notification form, and the ES report. The concerned regulatory authorities…

UAE Accounting Standards

UAE Accounting Standards: The UAE is a commercial powerhouse that is home to some of the biggest businesses and institutions on the planet. These businesses must be knowledgeable about the accounting practises used in Dubai and the UAE if they…

Importance of Audit Firms in UAE

Audit firms play a pivotal role in the establishment and functioning of businesses. To stay successful companies need to ensure they abide by Emirati laws at all times. They must also submit the required annual returns on time and maintain…

VAT Consultants in UAE

The Value Added Tax is an indirect form of taxation levied on almost all services and products in the UAE. Recently, VAT consultants in Dubai have gained prominence as they help young companies deal with VAT regulations in the UAE….