Active Auditors

February 2, 2024

Ultimate Beneficial Owner(UBO)

VAT No Comments 1457 Views
Ultimate Beneficial Owner(UBO) Introduction Cabinet Resolution No. (58) of 2020 regulating Beneficial Owner Procedures (the “Resolution”) took effect on August 28, 2020, and replaced Cabinet Resolution No. 34 of 2020 issued earlier. The Resolution
February 1, 2024

UAE Vat Law

VAT No Comments 1453 Views
UAE Vat Law Registration for VAT Only VAT registered businesses will need to charge and account for VAT. Mandatory Registration: A business must register for VAT if the taxable supplies and imports exceed the
February 1, 2024

Economic Substance Regulations

ESR No Comments 1384 Views
Economic Substance Regulations Introduction Pursuant to the issue of Cabinet Decision No. 57 of 2020 concerning Economic Substance Requirements and Ministerial Decision No. 100 of 2020, the Ministry of Finance (MoF) has released the