An annual audit in the UAE is one of the essential obligations of profit organizations. They are required to demonstrate their operational transparency to the authorities and pay the appropriate amount of tax. Non-profit organizations, on the other hand, have an advantage in this situation because they are eligible for a variety of tax deductions. … Read more
When the company’s business is liquidated, complete control of the property is transferred to the liquidation officer, and is forced to close immediately. Upon completion of the closure, the company owner will be removed from the VAT registration list. However, this process can take a long time, as the UAE imposes some complex steps to … Read more
Forensic Audit services examine and evaluate a company’s financial information and records for use as evidence for any legal proceedings. A forensic audit can be conducted to prosecute a party for embezzlement, fraud, or other financial crimes. The forensic inspection team assists clients in identifying both the perpetrators of fraud and the areas that are … Read more
Under Federal Decree-Law No. 47 of 2022, businesses are required to register for corporate tax. However, small businesses with an annual income below AED 3 million may qualify for Small Business Relief. Corporate Tax Rates for Small Businesses 0% for the first AED 375,000 of taxable income. 9% for the taxable income exceeding AED 375,000. … Read more
Businesses in the UAE that are engaged in the supply of goods and services that are taxable are required to obtain VAT registration if their supply and import turnover meets the prescribed threshold level. Whereas, the process of VAT deregistration can be voluntary or mandatory depending on certain criteria that have to be met in … Read more
Among the most critical decisions entrepreneurs make is selecting a mergers and acquisitions (M&A) attorney. Mergers and acquisitions, by their nature, are complex legal processes. Therefore, you must engage with the right attorney before you embark on an M&A. Take note: the process of acquiring, merging with, or selling a company is vastly different compared … Read more
Hold On!
For audit, accounting, tax, or VAT, our team is here to help.
Need Expert Advice on: