Why Filing Corporate Tax in Dubai is Mandatory: A Comprehensive Guide
Introduction Dubai, long known for its tax-friendly environment, introduced corporate tax as part of the UAE’s broader economic reforms. With the UAE implementing a federal corporate tax on business profits from June 1, 2023, companies operating in Dubai must comply with the new tax regime. Filing corporate tax is not just a legal requirement but […]
Why AML (Anti-Money Laundering) is Crucial for Businesses in the UAE
Why AML (Anti-Money Laundering) is Crucial for Businesses in the UAE The United Arab Emirates (UAE) is known for its thriving economy, diverse financial landscape, and status as a global business hub. With such rapid economic growth and the influx of international investments, it’s no surprise that the UAE’s financial system is also highly regulated […]
Legal Audit Report for Corporate Business
What is a Legal Audit Report? A Legal Audit Report is a detailed examination of a company’s legal and operational framework to identify potential risks, non-compliance issues, and fraudulent activities. It involves a thorough review of the company’s policies, procedures, contracts, financial records, and compliance with local and international regulations. The report provides actionable insights […]
VAT Public Clarification Crypto currency mining
Issue As cryptocurrencies continue to gain popularity, the question of how they should be taxed, particularly in relation to cryptocurrency mining, has become more significant. In the case of proof of work, individuals can mine cryptocurrency either for their own benefit or on behalf of others by offering access to surplus computing power or data […]
Corporate Tax Registration is mandatory
In the evolving landscape of global business, free zones in the UAE have emerged as attractive hubs for international trade and foreign investment. Known for their regulatory advantages, including tax exemptions and simplified business setup, UAE free zones are often seen as a strategic gateway for companies expanding into new markets. However, recent updates to […]