Brief Snapshot on Economic Substance Regulations (ESR) in United Arab Emirates.
Background: The UAE introduced Economic Substance Regulations to honour the UAE’s commitment as a member...
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Curated & Researched blogs on topics spanning accounts & finance in UAE by HKMS Group.
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FDI Highlights on upto 100% Foreign Ownership – UAE Mainland
UAE has announced new FDI Policy through which 100% ownership can be obtained by companies...
Clarification on Time Frame to Claim VAT Credit in UAE 🕛
Long Awaited Clarification Issued by Federal Tax Authority (VAT P-017) Input tax must be recovered...
Tax Returns can be Downloaded in PDF Formats from FTA Portal
As per Latest update by Federal Tax Authority, tax returns (VAT & Excise Tax) filed...
New Form Addition in Excise Tax Portal – Form 203D
Excise Tax Update in the UAE. Forms are amended / added in Excise Tax Tab...
VAT Update in Oman
MUSCAT (WAF)- Oman will not be implementing the Value-Added Tax (VAT) in 2020, a high...
VAT Clarification on B2B Healthcare Services
Federal Tax Authority has issued a clarification on Business to Business Supplies for Healthcare Services....
CbCR Notification form Rolled-out in UAE
Digital background image presenting global connection concept Cabinet Resolution No. 32 on Country-by-Country Reporting was...
Recent Posts
Brief Snapshot on Economic Substance Regulations (ESR) in United Arab Emirates.
FDI Highlights on upto 100% Foreign Ownership – UAE Mainland
Clarification on Time Frame to Claim VAT Credit in UAE 🕛
Tax Returns can be Downloaded in PDF Formats from FTA Portal
New Form Addition in Excise Tax Portal – Form 203D
VAT Update in Oman
VAT Clarification on B2B Healthcare Services
CbCR Notification form Rolled-out in UAE
Dubai Customs issues new HS Codes List for Excisable Goods in the UAE
Who are Stockpilers in Excise Tax?
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FAQ's
Why companies seek valuation services?
Few reasons to seek valuation services are:
- Current position of business.
- Mergers & Acquisitions
- Estate Plamming
- Potential Growth
Why do we use business process mapping?
Business process mapping is used to provide proper designation to the employees where they fit in that particular organization.
Do we need a Business plan?
If you own a business, you may need more than one business plan. The latter is a day-to-day roadmap that details the tactics that will support your overall strategy. It may consist of spreadsheets, lists, research summaries, and other documents.
Why should we hire a consultant to write our business plan instead of doing it ourselves?
Preparing an investor-grade business plan, financial forecast, and investor presentation could take 500 hours or more. Now is the time to build your team, product, distribution channels, and customer base. You must assemble a team of experts.
Is it compulsory to have books audited in UAE?
As per Commercial Companies Law in UAE, Each Joint Stock Company or Limited Liability Company shall have one or more auditors to audit annually the books of accounts. The company shall apply the International Accounting Standards and Practices upon preparing its periodical and annual accounts, to give a clear and accurate view of the profits and losses of the company.
What is the standard rate of VAT in the UAE?
The standard rate of VAT in the UAE is 5%