Article 23 of the UAE Corporate Tax Law stipulates the Exemption for Participating Interest which is a substantial ownership stake in a juridical person, denoting a degree of control or influence over said entity. To qualify, certain conditions stipulated by this article must be satisfied. This article outlines the exemption provision for income originating from … Read more
Financial transparency is an essential element in any economy. It builds trust among stakeholders, attracts investments, and safeguards against duplicitous practices. In the United Arab Emirates (UAE), auditors play an essential role in upholding financial transparency. They do so by engaging in numerous strategies, which are explained below. Auditing Regulatory Framework in UAE The UAE … Read more
What is a Custom Audit? Dubai Customs audit also referred to as a customs compliance audit, is a careful inspection process led by Dubai Customs authorities to confirm businesses’ adherence to regulations leading global trade. Audits conducted by Dubai Customs play a Principal role in ensuring compliance with regulations and upholding fair trade practices. Knowing … Read more
Under the corporate law in UAE, the primary objective of transfer pricing regulations is to guarantee that transactions involving Related Parties adhere to the arm’s length principle, mirroring transactions conducted between independent entities. This ensures that taxable income manipulation is prevented. The corporate tax law of the UAE necessitates that taxable entities determine transactions with … Read more
Many organizations in Dubai and UAE are vulnerable to supply chain disruptions. Supply chain issues, including production delays, inventory shortages, or delayed delivery, can have a significant impact on both businesses and consumers. In this article, we are going to identify the supply chain among the top 10 risks that Internal Audit Service UAE experts … Read more
Companies in the Free zone companies such as DMCC must obliged to adhere strictly to reporting and compliance requirements. The best way for most of these companies to stay compliant is by outsourcing accounting and professional accounting services. Good bookkeeping services keeps records tidy for financial reporting, trade license renewal, and for any mandatory annual … Read more
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