Dubai Multi Commodities Centre (DMCC) Established in 2002 by the Dubai government, the goal of DMCC has been providing physical, market, and financial infrastructure in order to establish itself as a worldwide commodity trading center. It allows you to trade precious metals such as gold, diamonds, colored stones, pearls, and a variety of other items. […]
VAT refund from UAE In UAE, it is mandatory for every taxable person to file a VAT return to the FTA. The need of applying for a VAT refund UAE arises when the input tax exceeds the output tax on the VAT return. When the taxable person makes the claim on the excess refundable tax,[…..]
The governments of the United Arab Emirates have come up with the initiative to build up a number of free zones where businesses can set up and operate without worrying about being taxed. During the course of operations, these free zones will also provide a number of benefits. The Dubai Multi Commodity Centre is one[…..]
Auditing is the analysis of the financial statement of an organization by an external audit which is necessary for any business being held in DMCC. All DMCC companies must have their annual financial accounts audited by a DMCC approved auditor and should be submitted to the DMCC officials. While doing the audit, the following points[…..]