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FATF UAE Mutual Evaluation and NAMLCFT Committee
In April 2020, the international Financial Action Task Force (FATF) issued a Mutual Evaluation Report (MER) on the UAE’s AML/CFT measures. The assessment was conducted in 2019. The MER analyzed the UAE’s compliance with FATF 40 recommendations. It also analyzed the effectiveness of the UAE’s AML/CFT system. Thereby, providing recommendations on strengthening the system. The […]
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DMCC Approved Auditors Rules
DEFINITIONS Term Definition Approved Auditors Advisory Panel the advisory panel constituted and maintained by DMCCA to oversee and effect implementation of these Rules. Approval Criteria the approval criteria for an Approved Auditor set out in Chapter 2 of the Approved Auditor Guidance Note. Approval Process the approval process for an Approved Auditor set out in […]
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Tax registration number linking with Customs Registration Number
Auditing | Accounting |Taxation | Business Set-up | Registration & Licensing | Financial Consultancy | Management Consultancy | Company Liquidation | Tax Registration Number Linking with Customs Registration Number (TRN-CRN Linkage) The Federal Tax Authority has provided two options to link the Tax Registration Option 1 Update your customs registration number on your registration profile […]
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Tax Group User Guide
Federal Tax Authority has introduced a guide to provide group companies with assistance in registration, amendment, and de-registration.
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Dealers in Precious Metals and Stones
Dealers in Precious Metals and Stones in UAE
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DED guideline
Dubai’s Department of Economic Development yesterday
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UBO deadline
Please ensure to submit the Ultimate Beneficial Owner Declarations for your companies in UAE to your respective Licensing Authorities before the due date of 30 June 2021 or such an earlier date as prescribed by your respective licensing authority. Should you require our assistance in filing the UBO declaration for your Company, please feel free […]
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29th May 2021
Amendment of Tax Penalties
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Commercial Property Transactions – VAT
Overview of the steps required to complete VAT payment It is completed in two steps 1. Create an e-services account 2. Complete your VAT Payment Above 👆is the latest updated step-by-step process of settling VAT Payment Online on Commercial Property Transactions by Buyers or Sellers in UAE. Now either the Buyer or the Seller can […]
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E-commerce personal imports guidance
Dubai Customs operating under “The Government of Dubai” vide Customs Notice No. (09/2021) has brought in a notice concerning personal imports via e-commerce. There are 13 articles as follows. (1) – Definitions Follow the definitions of these terms. (a) Department (b) Companies (c) Value (d) Platform (e) Personal Goods (2) – Registration It states that […]
