TAX & COMPLIANCE
UAE Corporate Tax (UAE CT )
On 31st January, 2022, the Ministry of Finance made a breakthrough announcement of introducing a Federal Corporate Tax in the UAE effective for financial years
Value Added Tax (VAT) UAE
UAE imposes VAT on registered businesses at a standard rate of 5% on a taxable supply of goods or services at each stage of the supply chain. VAT is levied on the consumption/use of goods and services and the end-consumer is the ultimate bearer of the cost of tax
Economic Substance Regulation (ESR)
The United Arab Emirates has in coordination with the Ministry of Finance implemented Economic Substance legislation in order to comply with its commitment as a member of the OECD
AML/CFT Compliance Services
UAE’s strong commitment to adopt the finest international business practices has no limits. In April, 2020 the Financial Action Task Force (FATF) issued a Mutual Evaluation Report (MER) on the UAE’s compliance level with the FATF 40 recommendations and the level of
Ultimate Beneficial Ownership (UBO)
Reference to the Cabinet decision No. (58 of 2020) regulating the Beneficial Owner procedures, UAE federal regulation requires institutions to capture and identify the details of the ultimate individual beneficial Owner (s) (UBOs) and submit the same to the licensing
ICV Certification
ADNOC announced an ICV program executed from 1st April 2018 which requires that all suppliers of goods or services to obtain ICV certification from the ADNOC ICV Certification Agency and calculate and declare their certified ICV score for the previous financial year,
Excise Tax
Excise Tax is a form of indirect tax levied on specific goods that are harmful to human health or the environment with and objective to reduce consumption of these harmful products