When it comes to a customs audit, preparation is genuinely everything. A thorough pre-assessment of risks, compliance procedures, and internal controls, alongside a careful review of reports, documents, financial accounts, and import entries, needs to happen well before the audit begins. This is what actually produces an accurate, defensible customs audit outcome. What Is a … Read more
Every year, businesses and individuals in the UAE face serious financial distress that can lead to formal insolvency proceedings. The causes are varied, but several patterns show up consistently, and some of them are genuinely specific to the UAE’s regulatory and residency structure in ways that don’t apply elsewhere. Understanding these causes matters both for … Read more
Why Early Recognition of Insolvency Warning Signs Matters There is no guarantee that any business will succeed. Startups and established companies alike can find themselves in financial difficulty, and the difference between a business that recovers and one that does not often comes down to how early the warning signs are recognised and acted upon. … Read more
When fraud is suspected within an organisation, the response must be structured, methodical, and documented. A poorly conducted fraud examination — or the failure to conduct one at all — can allow misconduct to continue, undermine the organisation’s ability to recover its losses, and leave it exposed to future risk. A well-executed examination, by contrast, … Read more
Fraud within organisations rarely surfaces through chance alone. In most cases, someone inside the business knows — or at least suspects — that something improper is happening. The decision of whether to act on that knowledge, stay silent, or look the other way is one that potential whistle-blowers face, often in circumstances where speaking up … Read more
UAE Excise Tax on Sugary Drinks and E-Smoking Devices: What Businesses Must Know Since 1 January 2020, the UAE has applied a 50% excise tax on sugary drinks and sweetened beverages and a 100% excise tax on e-smoking devices and e-liquids. This expansion of the UAE’s original 2017 “sin tax” regime was introduced under the … Read more
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