Recent Posts

Here we show you the recent posts that we believe will bring tremendous insights into every domain that we practice. Do check it out to help you constantly update yourself.

• Blockchain1 min readDecember 7, 2022
  What is blockchain? Blockchain is a decentralized, distributed ledger technology that […]
• FATF UAE Mutual Evaluation and NAMLCFT Committee1 min readSeptember 27, 2022
  In April 2020, the international Financial Action Task Force (FATF) issued […]
• DMCC Approved Auditors Rules14 min readSeptember 20, 2022
   DEFINITIONS Term Definition Approved Auditors Advisory Panel the advisory panel constituted […]
• Tax registration number linking with Customs Registration Number1 min readSeptember 30, 2021
  Auditing | Accounting |Taxation | Business Set-up | Registration & Licensing […]
• Tax Group User Guide1 min readSeptember 21, 2021
  Federal Tax Authority has introduced a guide to provide group companies […]
• Dealers in Precious Metals and Stones1 min readJune 5, 2021
  Dealers in Precious Metals and Stones in UAE
• DED guideline1 min readJune 4, 2021
  Dubai’s Department of Economic Development yesterday
• UBO deadline3 min readMay 31, 2021
  Please ensure to submit the Ultimate Beneficial Owner Declarations for your […]
• 29th May 20211 min readMay 29, 2021
  Amendment of Tax Penalties
• Commercial Property Transactions – VAT1 min readMay 25, 2021
  Overview of the steps required to complete VAT payment It is […]
• E-commerce personal imports guidance2 min readMay 16, 2021
  Dubai Customs operating under “The Government of Dubai” vide Customs Notice […]
• VAT Payment guide for commercial property buyers1 min readMay 8, 2021
  The Federal Tax Authority (FTA) introduced a guide on 6th May […]
• How to retrieve Trial Balance in Tally Prime1 min readJanuary 17, 2021
  In Tally Prime, you can retrieve the trial balance by following […]
• How to book purchases in Tally Prime1 min readDecember 18, 2020
  To book a purchase in Tally Prime, you will need to […]
• How to generate a VAT report on tally prime1 min readDecember 12, 2020
  To generate a VAT (Value Added Tax) report in Tally Prime, […]
• How to reconcile bank accounts in Tally Prime1 min readDecember 11, 2020
  To reconcile a bank account in Tally Prime, you will need […]
• Keyboard Shortcuts in Tally Prime1 min readDecember 11, 2020
  Tally Prime includes a number of keyboard shortcuts that can help […]
• How to create a bank account in Tally Prime1 min readDecember 8, 2020
  To create a bank account in Tally Prime, follow these steps: […]
• UAE Decree Federal Law and Executive Regulation1 min readOctober 13, 2020
  Federal Decree No. (20) of 2018 is a fundamental pillar of […]
• FTA directive on tax returns2 min readApril 21, 2020
  FTA issues directive on alternative deadline to file tax returns (28th […]
• Create a new company in Tally Prime3 min readApril 5, 2020
  Introduction Entering company basic information • Selecting keyboard keys “Alt” and […]
• Laws in the UAE4 min readSeptember 27, 2019
  We at BHMJ ensure you comply with the laws and regulations […]
• Excise Rates1 min readJune 13, 2019
  Carbonated Drinks (excluding Sparkling Water) – 50%  Sweetened Drinks – 50% […]
• Treatment of VAT on services rendered in designated zones1 min readMay 23, 2019
  Designated Zones There are a total of 19 designated zones in […]
• List of Charities that may recover input tax1 min readApril 28, 2019
  Source: https://www.tax.gov.ae/en/ Charities Federal Entities Charities Abu Dhabi
• AML CFT Supervision by the CBUAE2 min readApril 27, 2019
  The CBUAE established a dedicated department in August 2020 to handle […]
• Reverse charge Supplies1 min readFebruary 15, 2019
  These are the various supplies for which Value Added Tax (VAT) […]
• Designated Zones1 min readFebruary 12, 2019
  Abu Dhabi (5 designated zones) Dubai (8 designated zones) Sharjah (2 […]
• VAT on insurance premium paid for employees1 min readJuly 22, 2018
  Who is an Employee?Employee is one who is employed by the […]
• VAT on Retention money1 min readAugust 21, 2017
  Retention Money Retention money is referred to as the sum of […]
• Salary Information File2 min readJuly 16, 2017
  All about Salary Information File (SIF) Here is a quick guide […]
• Letter of Credit12 min readApril 17, 2017
  Introduction A letter of credit is a financial instrument that a […]
• Cash Flow Statement1 min readFebruary 15, 2017
  Source: https://en.wikipedia.org A Cash Flow Statement is a financial statement that shows how changes in the […]
• Freezones in Ajman1 min readDecember 8, 2016
  Here are the free zones which operate differently than in mainland […]
• Freezones in Abu Dhabi1 min readOctober 5, 2016
  Here are the free zones which operate differently than in mainland […]
• How is Gratuity calculated?1 min readAugust 14, 2016
  In the United Arab Emirates (UAE), gratuity is a benefit paid […]
• How to create a contra entry on Tally2 min readAugust 11, 2016
  Contra Entry A contra entry is a type of accounting transaction […]