What Electronic Services Are Under UAE VAT Electronic services, for UAE VAT purposes, are services delivered automatically via the internet, an electronic network, or a digital marketplace, with minimal or no human intervention. The key characteristic is automation: a service that requires significant human input at the point of delivery is not an electronic service, … Read more
No matter how large or small a Dubai, UAE organization, it must use its technology systems effectively to access data. Technology investment is a must if a company in Dubai and UAE wants to grow and prosper. However, relying on IT may lead to technological risks for the company. This is where an IT Audit comes in handy. IT … Read more
Understanding Anti-Money Laundering and the Role of Audit Firms in the UAE Anti-money laundering (AML) compliance is not a document filed once and forgotten. It is a program that has to be tested, and testing that program is where an audit firm’s role becomes essential. Under Federal Decree-Law No. 10 of 2025 on Combating Money … Read more
There are numerous farmhouses and farmlands across the UAE used for both commercial and non-commercial purposes, ranging from agricultural production to vacation rentals and staycation destinations. Owners of these properties need to understand the VAT implications of how their property is actually used, since the treatment differs considerably depending on classification. This guide covers VAT … Read more
Auditing a construction company goes well beyond confirming that guidelines and specifications are being followed. It covers pre-construction planning, the entire build process, and financial control throughout, with a consistent focus on cost management. The internal audit checklist for a UAE construction company includes risk management planning, invoice monitoring, and confirming industry best practices are … Read more
IAS 1, Presentation of Financial Statements, is the IFRS standard setting out the minimum content, structure, and general requirements for a complete set of financial statements. Every UAE business preparing IFRS-compliant statements, whether for statutory audit, Corporate Tax, or stakeholder reporting, relies on IAS 1 as the foundational structure everything else sits within. This guide … Read more
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