UAE Corporate Tax
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UAE Announced Corporate TaxEffective from June 2023Tax rate: 0% for taxable income up to AED 375,0009% for taxable income exceeding AED 375,000 UAE Corporate Tax Overview 01What is Corporate Tax?Corporate Tax is a form…
Reduce VAT Liability, Increase Profits
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What is Vat? A value-added tax (VAT) is a consumption tax, it is an indirect tax paid by end user or consumer. It is collected by the value adding party on behalf of the…
A Complete Guide on VAT Reverse Charge Mechanism in UAE
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The United Arab Emirates has a solid VAT handbook in place to make the individuals and businesses compliant. Whether it's an import from outside the UAE or an export to…
UBO Alert
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UAE UBO Background UAE has taken serious actions of AML and Anti Criminal Financing (ACF). FATF ranked ADGM and DIFC on top of such regulations; however, there was continuing intent…
FTA Reduced Vat Penalties
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UAE Announces reduction in VAT Administrative Penalties by Cabinet Decision no. 49 of 2021 that will be applicable 60 days from April 28, 2021. Bens Chartered Accountants is pleased to…
A Comprehensive Guide on Generally Accepted Auditing Standards
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The auditor's reports and reviews are held in high respect by public and private companies. All the concerned parties should accept the final report. When the auditor reviews any company's…
Optimise Vat Tax Liability, Increase Profits
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What is Vat? A value-added tax (VAT) is a consumption tax; it is an indirect tax paid by the end-user or consumer. It is collected by the value-adding party on…
AML UAE & goAML Registration- Anti-Money Laundering Regulation UAE
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UAE Extended ESR Deadline to March 31st, 2021. Anti-Money Laundering Regulations in UAE Money laundering is a problem across the globe, among other countries that have taken steps to combat…
What are Direct And Indirect Taxes? – Explained with Examples
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The citizens of every country are liable to pay tax under some rules and regulations. There is no exemption for the tax if the people of that country are using…
A Complete Accounting Checklist for Startup Businesses
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The Sedentary and busy life schedule has bored the young generation, which is driven by passion and ambition. The nine-to-five office routine robes their energy and motivation to keep on…
How to Perform Bank Reconciliation?
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Banks are one of the primary units of the accounting and financial activity of any business organization. In this advanced age of electronic banking, most of the business transactions payments involve online…
UAE Issued Ultimate Beneficiary Owner Resolution (UBO)
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UAE Cabinet of Ministers issued a new Resolution #58 dated 28th August 2020 to regulate the procedure of a Real Beneficiary for a Corporate Entity. The objective of the Resolution…
