Bookkeeping is the backbone of any successful business, and for startups and SMEs in the UAE, it is even more critical. With the UAE’s evolving regulatory landscape, including VAT regulations, corporate tax implementation, and financial reporting requirements, businesses must maintain accurate financial records to ensure compliance and financial stability. Whether you’re a new entrepreneur or…
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Navigating the corporate tax landscape in the United Arab Emirates (UAE) requires a clear understanding of filing deadlines and the necessary documentation. Ensuring timely and accurate tax return submissions is crucial for compliance and the smooth operation of your business. UAE Corporate Tax Return Filing Deadlines The UAE Federal Tax Authority (FTA) sets specific deadlines…
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In the UAE, businesses operate under strict regulations to combat money laundering, terrorism financing, and proliferation financing. Compliance with Anti-Money Laundering (AML) laws is not just a legal requirement but also essential for protecting a company’s reputation and operational integrity. Partnering with specialized AML service providers offers businesses the expertise and tools necessary to navigate…
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Bookkeeping and accounting are essential for managing businesses. Though it can be a bit time-consuming and complex, it’s essential that your bookkeeping and accounting process is complete and error-free in all respects. Since the entire bookkeeping and accounting work involves digits, figures, and calculations, there’s always a scope for error. Therefore, outsourcing bookkeeping in the…
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In today’s globalized economy, businesses face increasing threats from financial crimes such as money laundering and terrorist financing. For companies vulnerable to money laundering, terrorist financing and proliferation financing in the United Arab Emirates (UAE), partnering with Anti-Money Laundering (AML) service providers is essential to bolster business security and ensure compliance with stringent regulatory standards.…
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The economic climate which takes into account the influence of money laundering as well as financing terrorism has increasingly tended to complicate areas of doing business. It becomes essential for organizations to carry out periodic evaluations of their institutions in terms of business risks relating to Anti-Money Laundering (AML) and Counter Financing of Terrorism (CFT).…
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The United Arab Emirates government Financial Intelligence Unit (FIU) has this eService Portal which is the GoAML system through which it allows the reporting entity to submit the reports to FIU. Let us now see the reason for registration in GoAML and subscription to the relevant sanction lists for compliance with anti-money laundering practices. What…
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Efficient financial management is essential for growth and sustainability. For companies operating in the UAE, outsourcing accounting services has emerged as a smart, cost-effective solution to streamline financial operations. If you are looking to improve your business’s financial performance, here’s why outsourcing your accounting needs to Auditac International can be a game-changer. Top 7 Benefits…
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The UAE’s Federal Tax Authority (FTA) recently rolled out new guidelines on the determination of taxable income, a crucial move for businesses operating within the region. As the UAE continues to refine its tax regulations, businesses must stay informed about these updates to ensure compliance and optimize their tax strategies. Key Takeaways From The FTA’s…
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In an effort to simplify the VAT refund process for UAE citizens constructing new homes, the Federal Tax Authority (FTA) has rolled out the second phase of the ‘Maskan’ application. This advanced digital platform is designed to streamline the process, making it more efficient and user-friendly. Here’s a guide on how UAE citizens can leverage…
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