VAT — Everything you need to know about it

What is VAT? Value Added Tax (VAT) is an indirect taxation system adopted by more than 160 countries around the globe. Since its adoption by UAE in 2018, many companies are facing challenges to cope with the complexities it brought. VAT is levied during all steps of the supply chain and every concerned participant is […]

VAT Refund Scheme for Dubai Expo 2020 Participants

VAT Refund Expo 2020 The UAE government has recently introduced Cabinet Decision No. 1 of 2020 on the “Refund of VAT paid on Goods and Services connected with the Expo 2020 Dubai”. Offices of the Official Participants will be able to claim a refund on the VAT incurred by them on the import or supply […]

Anti Money Laundering (AML) System in UAE — What is it?

Money Laundering Money laundering is an increasing problem in the world, despite the legal authorities trying their absolute best to combat against crimes of these sorts. Just like any other country, the UAE maintains a strong Anti-Money Laundering (AML) system in an effort to protect against the possibility of money laundering and terrorist financing. If […]

Ultimate Beneficiary Owners — What is it?

Ultimate Beneficiary Owners – Deadline 30th June 2021: The United Arab of Emirates has replaced Cabinet Resolution #34 of 2020 with Cabinet Resolution #58 of 2020 which regulates Beneficial Owner Procedures (herein referred to as the “Resolution”). The Resolution covers the updated requirements for the registered entities in UAE to disclose their Real Beneficiary Data or Ultimate Beneficial Owners to […]

5 Mistakes To Avoid With Retirement Account Beneficiary Selections

It is shockingly simple and normal to commit errors while assigning recipients on retirement and speculation accounts. While you may figure is anything but a serious deal, botches with recipients can be very exorbitant. You may accidentally exclude a friend or family member or leave cash to an ex-mate. With in excess of 220,000 Americans […]

Health-related benefits under the CARES Act

The Coronavirus Aid, Relief and Economic Security (CARES) Act was endorsed into law on March 27, 2020, and gives wide financial help to families (upgrade installments, extended joblessness remuneration, and different arrangements) and private companies (Paycheck Protection Program advances and finance tax reductions, among others) affected by COVID-19. The accompanying article examines a portion of […]

5 Finance Mistakes That Kill Promising Companies

For the vast majority, individual money botches influence just themselves. For business people, an individual account goof can have broad results. Individuals who get into tight monetary spots while maintaining their organizations must settle on troublesome decisions about which bills to pay, which occasions to give up and which accomplices to leave. Organizers of new […]

5 Easy Ways to Increase Your Profit Without Bringing in a Sale

You are a fruitful entrepreneur, and you are so acceptable at what you do. Your customers love you, you love maintaining your business and serving your customers and you’re continually endeavoring to enhance your abilities. Your business couldn’t be better … or then again could it? As an entrepreneur, quite a bit of your time […]