BeyondNumbers 
Is your Company Economic Substance compliant? Did you do a Economic Substance test? We would include a list of questionnaire that will help you to understand whether or not your Company falls under the scope of Economic Substance Regulations in the UAE. For further assitance we at Beyond Numbers are happy to help you. First … Read more
A “Distribution and Service Centre” Business for ESR refers to two distinct activities that are covered under one “Relevant Activity” heading. A Licensee is considered engaged in a “Distribution Business” if the Licensee purchases raw materials or finished products from a foreign group company, and distributes those raw materials or finished goods. A Licensee is … Read more
Economic Substance Regulations is another compliance requirement from the UAE Government. All business entities in UAE need to notify the government whether their business category falls under ESR. The European Union and Organisation for Economic Co-operation and Development (OECD) insists on having a firm ESR to avoid all forms of tax evasion on a global … Read more
Do VAT puzzle you? Here is all you need to Know about VAT in UAE: What is VAT in UAE: VAT was introduced by UAE on first of January 1, 2018. VAT is value added tax which is 5% in general but there are zero rated exempted and out of scope which will be discussed … Read more
A company should take care of its financial very well. Taxes should be filed within regular intervals of time to avoid any legal issue. VAT or Value Added Tax return is also known as the tax return is a statement which a person is entitled to submit to authority. The standard VAT returning filing period … Read more
Running a business and managing accounts is a tough task. Also, if you run a small business then it is really tough to make extra expenditure on office space, chairs, tables, lights and accounts employees. Why outsource is best? Hence, outsource accounting service for your business is the right idea. It saves your time, energy … Read more
VAT! How it All Started? Genesis being World War I in Germany, VAT has gained recognition and its modern shape in the 1950s, after implementation in Ivory Coast, a French Colony. Evolving since then, VAT has now become an integral part of the taxation system of more than 150 countries across the globe. Most organizations … Read more
Driven by the 4M’s, being Men, Material, Machinery and MONEY, the entity designs it way ahead. Since the inception of the business comes “n” numbers of undefined jobs and functions for the enterprise. Accounting being a pivotal function becomes vulnerable if not adequately monitored. A dedicated team of professionals enable statute compliant accounting and preparation … Read more
Accounting is a systematic process of identifying, recording, measuring, classifying, verifying, summarising, interpreting and communicating financial information. Accounting provides information on the resources available in the firm, the means employed to finance those resources and the results achieved through their use. Though termed and categorized as to a finance function, accounting assists all material facets … Read more
