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Auditing Services in Abu Dhabi

  Competence, Independence, Integrity UAE laws and regulations require knowledge, experience, and meticulous effort to meet the stringent requirements of financial reporting.  Such expertise comes from the numerous auditing firms to be found throughout the region.  Specific knowledge of that calibre is not acquired from firms outside of the UAE. Amazing Business Outlook of Abu[...]
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Impact of VAT on Businesses Providing Digital Marketing Services in the UAE

The digital marketing industry is one of the fastest growing industries in the world. The industry is widespread across various emirates of the UAE where digital marketing services are rendered across various platforms like Social Media Marketing, SEO, Marketing through E-Mail, Marketing through Search Engine, etc. VAT has been launched in the UAE since January[...]
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VAT Impact on Online Trading in the UAE

VAT has been implemented in the state of United Arab Emirates since 1 January, 2018. As the concept of VAT is new for the region, it is bound to impact the online transactions in the UAE. In the past few years, the evolution of online business in the UAE has been significant to an extent[...]
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Everything you need to know about Tax Agents in the UAE

Who is a Tax Agent? As per the Tax Procedures Law of the UAE, Tax Agent is any person who is registered with the Federal Tax Authority (FTA). Any taxable person in the UAE can appoint an agent to deal with the FTA on his/ her and aid in fulfilling responsibility of meeting his/ her[...]
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Should the Companies in Free Zones and Designated Zones Register for VAT?

The companies operating within the Free Zone areas are required to get registered for VAT in the UAE just like the companies operating outside the Free Zones. However, the companies operating in a Free Zone that has been classified as a designated zone by the government of UAE will be subject to slightly different VAT[...]
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VAT Invoice

VAT has been implemented in the UAE from January 1, 2018. A lot has been said and published about VAT and its impact on businesses, registration for VAT in the UAE, types of VAT, standard and exempt supplies, etc. However, there is one important element of VAT implementation that is not much talked about in[...]
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Impact of VAT on Restaurants in the UAE

The value added tax (VAT) has been launched in Saudi Arabia and the UAE on January 1, 2018. VAT is a consumption tax that is levied by businesses at each phase in the supply chain. Businesses providing restaurant services are required to charge VAT at 5% to its customers. As per the VAT law the[...]
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IFRS 3 – Business Combination

Introduction The purpose of this standard is to provide guidelines with regards to the accounting for circumstances in which an entity provides information in its financial statements that reflects the result and outcomes of a business combination that took place during the reporting period of that entity. The standard also provides guidance on how to[...]
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