Anti-money laundering is one of the key rules for business in the UAE. With the changes in the framework, things have been stronger in the financial sector for global business. All businesses that are directly or indirectly linked to the UAE must follow the new AML regulations. There is no exception to it. The new … Read more
The United Arab Emirates’ real estate sector is one of the world’s most active property markets, attracting big and foreign investors every year. Large transaction values, combined with international purchasers, put the sector into serious scrutiny under UAE AML and Counter-Terrorist Financing UAE regulations. Real estate brokers, developers, and professionals have to adhere to Federal … Read more
The Securities and Commodities Authority (SCA) has taken stringent actions against many companies for breaking regulations and for non-compliance with money laundering and terrorism financing rules. Recently, the SCA imposed a penalty of Dh1.15 million on companies that defaulted on these regulations. The strong stance underlines the commitment of the country against financial crimes, which … Read more
The UAE government has outlined clear penalties for violations of the corporate tax regime through Cabinet Decision No. 75 to foster timely compliance. While penalties are imposed strictly as per the law for non-compliance, taxpayers can take regular guidance from professional tax consultants UAE to help navigate the corporate tax and penalties regime effectively. In … Read more
The Singapore-UAE Double Tax Treaty (DTT), initially signed in 1989 and subsequently amended, with the latest amendment taking place on July 24, 2019, has introduced changes that hold significant implications for tax or levy residents of both nations involved in cross-border transactions. This article delves into the amendments made to the DTT, highlighting their consequences … Read more
Directing the intricacies of Dubai’s customs rules is essential for businesses targeting to navigate easily through audits. In the busy trade land, being well-set for a Dubai Customs audit is not just a supervisory necessity, it is a tactical advantage. In this article, we will see the essential steps that businesses must undertake to ensure … Read more
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