Annual Financial Statements and Audit Reports are just the means and not an end in itself, when it comes to doing business in UAE. Yes, with introduction of In-Country Value Certification (ICV Certification) by ADNOC group, slowly other government and semi-government entities in UEA are also adopting the process of ICV Certificate and ICV Improvement […]
Brief on the new UAE cabinet decision No. 58 of 2020 on regulating the Ultimate Beneficial Owners procedures in UAE On 24 August 2020, the UAE Cabinet published Cabinet Decision No. 58/2020 on Regulating the Beneficial Owner Procedures. Applicability – All UAE mainland & Commercial Free zone companies except Companies in financial free zones (Abu[…..]
Over 160 countries in the world (yes, you read it right – nearly 80% of the governments in the world) use sales tax (coined as VAT/ GST) as a major source of their revenue. After years of deliberation, the GCC rolled out a common VAT agreement in 2018, with member states given freedom to implement[…..]