Background for including under the scope of AML Precious metals and stones form an important part of UAE’s economy. Though they provide valuable and legitimate commodity to the global trading segment, experience shows that these sectors are under high risk of attracting illicit transactions. It is an easy channel to route, conceal or invest illegitimate [...]
United Arab Emirates has always been a go-to place for businesses across the world, the major attractions being its ease of conducting business and Tax-Free environment. Being a Global Hub of business, UAE is currently directed towards adapting Global Tax Practices still maintaining its charm. The introduction of VAT and Corporate Tax are major steps[.....]
Accounting Services in Dubai for Real Estate Companies & it’s benefit. In real estate, the success of your firm is strongly related to your ability to focus on the core activities rather than the basic office jobs. Due to the instability of the real estate industry, you must keep up to speed on market developments[…..]
What is the VAT reconsideration application? Often, even after following the FTA’s laws and regulations yet businesses have to face fines and penalties. In these cases, the taxpayer is not convinced by FTA’s decision. As a result, the taxpayer may request a VAT Reconsideration. UAE VAT penalty reconsideration is a procedure that allows a taxable[…..]