Uncategorized

Unincorporated Partnership Unincorporated Partnership Unincorporated Partnership For all entrepreneurs and legal entities interested in the requirements for registration of distributive shares of partners in unincorporated partnerships, read the New FTA Decision 16/2023: “On Unincorporated Partnership”! The FTA decision specifies the requirements for registering an unincorporated partnership for the corporate tax purposes. This means that the […]

Why is responsible for accounts? Why is responsible for accounts? Why is responsible for accounts? Who is responsible and why is it important? Today I will touch the point who is responsible for preparing accounts of the company. According to Article 87 of Federal Law No. 2 of 2015 “On Commercial Companies”, the manager of

Requirements for accounting and financial transparency of the company Requirements for accounting and financial transparency of the company Requirements for accounting and financial transparency of the company How to ensure financial transparency? Today we’ll talk about requirements for accounting and financial transparency of the company. According to the UAE Federal Law, how should companies maintain

Is accounting mandatory in the UAE? Is accounting mandatory in the UAE? Is accounting mandatory in the UAE? How to avoid fines, and therefore financial losses? I hope that everyone has already returned from the holidays, during which you had a good rest, gained strength and ideas, and entered the New Year 2024 with inspiring

Federal Government Procurement Federal Government Procurement Federal Government Procurement Ministry of Finance Announces Federal Decree-Law of 2023 Regarding Federal Government Procurement. Law Provisions: Applicable to all procurement, contracting activities and procedures within federal entities and autonomous federal entities, that are established to carry out specific government responsibilities. Standardise the governance of procurement processes, including the

UAE Tax Certificates You May Need UAE Tax Certificates You May Need UAE Tax Certificates You May Need How to Avoid Double Taxation: UAE Tax Certificates You May Need 1. Tax Residency Certificate is used to enable applicants to take advantage of Double Tax Avoidance Agreements on income. 2. Commercial Activities Certificate is a certificate

Opening balance Opening balance Opening balance Happy New Year! And what about the opening balance? For many companies in the UAE, the first taxable period began exactly on January 1, 2024, so opening balance is one of the important issues. – I bought an existing company, but accounting records were not previously kept, what should

Taxable persons under the Corporate Tax Law. Taxable persons under the Corporate Tax Law Taxable persons under the Corporate Tax Law We would like to remind of the taxable persons under the Corporate Tax Law. *Resident Juridical Persons*1. Incorporated under the laws of the UAE– Under mainland legislation or applicable free zone regulations– Also includes

Corporate Tax Law – Taxable Person Corporate Tax Law – Taxable Person Corporate Tax Law – Taxable Person We would like to remind of the basis of the Corporate Tax Law – Taxable Person. A Taxable Person can be a Resident or a Non-Resident Person Resident Person * Natural Person who conducts taxable Business or

Menthal Health Menthal Health Menthal Health Constant stress, high workload, unsatisfactory working conditions – all this can have a negative impact on our mental state. UAE Government issues a Federal Law on Mental Health Main provisions: * Prohibiting the provision of mental health services without being licensed in accordance with the provisions of the law.