UAE is a country that attracts businesses from all around the world and one of the main reasons for that was tax free environment in the country. UAE was known as a tax-free commerce hub. But now it has been announced by the Ministry of Finance that UAE will be introducing a federal corporate tax...
Read MoreHello there this is Sudeshna helping you find and achieve Goals. Today we will be talking about step one out of five steps towards Goal setting. Every New Year comes with a New Year Resolution. Goals to achieve big dreams or maybe a short-term goal but very soon we find the goals lay forgotten and...
Read MoreHello there, this is Sudeshna, a “Business Visionary Coach” helping you to reach your goals and your true potential. We are almost at the end of 2021 and 2022 is knocking at the door. It is the right time to act, to set up your goal for 2022. Let’s aim for the sky, choose a...
Read MoreDubai Financial Market (DFM) is governed and regulated by the UAE Securities and Commodities Authority (SCA) which has the authority to impose laws and standards which DFM must comply. Two main financial securities exchange markets operate in the UAE under the Securities and Commodities Authority (SCA): Abu Dhabi Securities Exchange Dubai Financial Market Both markets...
Read MoreDubai is a world-famous destination for tourism and many people visit Dubai for the sole purpose of Shopping. Were you aware that you could claim refund on Vat paid for purchases you made in UAE? Yes, you heard it right. If you are planning to go to Dubai for shopping, here is good news for...
Read MoreThe International Financial Reporting Standards (IFRS) is an international accounting standard that was developed to make recording and organizing the accounting data of a company easier. IFRS allows for a fair representation of the accounting data of the company and also takes care that the business is compliant with the various rules and regulations of the country....
Read MoreIn UAE, according to the Federal Law No 2 of 2015 on Commercial Companies and the UAE VAT law and relevant free zone laws, it is mandatory for the companies to maintain the books of accounts for at least 5 years. Maintaining proper books of accounts is compulsory in the UAE and any violations will...
Read MoreFederal tax authority has relieved businesses by reducing penalties to facilitate them in filing an accurate tax returns by June 27, 2021. Cabinet Resolution No. (49) of 2021 revises administrative penalties imposed for violations of tax laws. Among the changes to the penalty regime are the following: The late-payment penalty has been revised to be...
Read MoreAround the world men tend to participate in labor markets more frequently than women According to the statistics, female labor force participation rate of the world is 47.66 per cent while the male labor force participation rate is 74.7 per cent Overall, the global gender gap in labor force participation stood at 27 per cent....
Read MoreAs today, 5th of June, we celebrate the World Environment Day it is important to fulfill our responsibility to the environment as well. So lets get some idea about the Environmentally preferable purchasing as a baby step to be more environmental in our businesses. Environmentally preferable purchasing [EPP] or responsible purchasing is a process which...
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