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FTA in Digital Tax Stamp inspections

FTA in Digital Tax Stamp inspections in UAE

By Alya | Accounting Services, Business News, UAE TAX News, VAT/ TAX in UAE | No Comments

Digital Tax Stamp Inspections in UAE by FTA New UAE campaign to raise awareness about Marking Tobacco and Tobacco Products Scheme The UAE Federal Tax Authority (FTA) has conducted two simultaneous awareness and inspection campaigns — to verify compliance with the Marking Tobacco and Tobacco Products Scheme. The move has come during the first month […]

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Auditing Firms in Dubai

Two prominent Emiratis join UAE Internal Auditors’ board

By Alya | Audit Services, Business News | No Comments

Internal Audit community helps growth of corporate governance and economic development . Internal audit is assuming greater importance in better corporate governance and growth of the private and public sector companies which directly boost economic development of the country, members of the UAE Internal Auditors’ Association (UAE IAA) were told. Addressing members at the Annual General […]

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Audit Fines

KPMG fined £5m over Co-operative Bank audit

By Alya | Business News | No Comments

KPMG has been fined £5m and “severely reprimanded” after admitting misconduct in its 2009 audit of Co-operative Bank. The Financial Reporting Council (FRC) said KPMG’s bad auditing came in the wake of Co-operative Bank’s merger with building society Britannia. It said the firm’s deficiencies included “failures to exercise sufficient professional scepticism”. KPMG said it regretted […]

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JAFZA To Infuse AED 1.3 Billion Into Dubai’s Economy

By Alya | Business News | No Comments

Last updated on August 10th, 2019 at 12:00 pmTo promote ease of doing business and to support its customers Jebel Ali Free Zone (Jafza), the GCC’s largest special economic zone, will become the first free zone in the country to return cash and bank guarantees to its clients through its new Workforce Protection Programme initiative […]

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Economic Substance Rules: What Will Be Its Impacts On Your Business in the UAE?

By Alya | VAT/ TAX in UAE, Business News | No Comments

Last updated on July 23rd, 2019 at 06:08 amThere is a multitude of companies in the UAE that are owned by entities incorporated in “no or only nominal tax” jurisdictions (referred to herein as “noons”) such as the British Virgin Islands (BVI), Cayman Islands, Isle of Man, Jersey, Guernsey, Mauritius, Bahamas, Seychelles, Bermuda and the […]

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Business in UAE

UAE Is a Good Place To Start a Business

By Alya | Business News | No Comments

Last updated on September 18th, 2019 at 05:10 amWhy UAE Is A Good Place To Start A Business? Starting a business in the UAE is an uncomplicated and hassle-free. The visionary government has always had pro-investment and pro-business policies, and has encouraged foreign investment. In fact, in the UAE, those who setup business are even […]

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