Sep 30, 2020

ESR Return Filing in UAE- Economic Substance Regulations

The Economic Substance Regulation (ESR) has been set forth by the Organization for Economic Cooperation & Development (OECD). The following are the fundamentals: Curbs harmful tax practices To prevent the jurisdiction from being included on the substantial activities by closely tracking the global standards Facilitating offshore structures or arrangements aimed toward attracting profits which don't...

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Sep 23, 2020

Importance of VAT in UAE

Value Added Tax (VAT) is a common indirect tax that is levied by many countries. It is a consumption tax. VAT is levied indirectly on the final consumer for consuming the goods or services. It is meant as target control and it increases in percentage depending on the stage of the goods/production. In the UAE,...

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Sep 22, 2020

Annual Financial Statement Preparation In Dubai

Dubai based LLC (Limited Liability Companies) should prepare their annual financial statements based on International Financial Reporting Standards (IFRS). Enterprises are expected to prepare and organize an improved audited financial statement each year as per IFRS. In the case of the transitional holding company, consolidation is not necessary. Holding companies prepare their financial statements under...

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Sep 17, 2020

Advantages of using Bookkeeping and Accounting Services in Dubai

For any business to be profitable and efficient, accounting and bookkeeping services are very important. Starting from recording your financial transactions, classifying them into meaningful insights and summarizing the data to reports, our services help you cover all accounting processes. We at Beyond numbers are an experienced team of professionals with immense experience in different...

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Sep 16, 2020

Auditing for Partnership Business in Dubai

There are familiar cases of disputes between partners of firms leading to loss. Auditing is a mandatory note with different advantages. Today most firms include auditing in their Partnership deeds. Most partnership businesses are audited taking into account the interests of partners. Disputes between partners of a firm risks the financial investments thereby risking the...

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