Financial audits are independent investigations into the records, processes, and statements of a company concerning their accuracy in line with accounting standards. It reviews whether the financial information presented concerning the company is presented fairly and according to the applicable Financial reporting standard. Laws Governing Audit in UAE The following regulations govern audits in UAE: … Read more
The UAE is swiftly becoming a global hub for the development of Artificial Intelligence (AI) innovations. With strategies like the UAE National AI Strategy 2031, which aims to integrate AI across sectors, the country is positioning itself as a premier AI hub. Nevertheless, it is sometimes difficult to raise funds for a company, especially for … Read more
In the United Arab Emirates (UAE), the goAML platform facilitates the seamless processing, analysis, and sharing of Suspicious Transaction Reports (STRs). Developed by the UNODC, goAML is an advanced software solution designed to combat global challenges related to money laundering. The UAE was among the earliest adopters of the goAML system in the Gulf region, … Read more
Real estate investment is a key investment in Dubai. Hence UAE Federal Tax Authority gives special attention on the person who invest in Real property in UAE. The government wants to motivate real property investors by giving special exclusions for natural persons who invest in a real property in UAE. Are you a real property … Read more
Persons subject to corporate tax in UAE under corporate tax law are called taxable persons, and they may be natural persons or judicial persons. Taxable Persons are required to submit Tax Returns and pay due Corporate Tax to the Federal Tax Authority within 9 months from the end of their Tax Period. The FTA may … Read more
The Federal Tax Authority (FTA) calls upon all natural persons to apply for Corporate Tax Registration relating to the corporate tax in the UAE. Such registration is to be made on or before 31st March 2025, failing which one will be liable to Administrative Penalties. This article aims at discussing how one can get registered … Read more