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
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
