The new standard, which lays out the general requirements for presentation and disclosures in the financial statements and responds to investors’ demand for better information about companies’ financial performance. IFRS…
Requirements for Company Liquidation Reporting
To initiate the process of company liquidation and ensure a comprehensive liquidation report, the following prerequisites must be meticulously compiled: Updated Know Your Customer (KYC): – Thoroughly updated KYC…
Time Line for Corporate Tax Registration
Time Line for Corporate Tax Registration (With Effective From 1st march 2024) FTA has issued timeline for applying for registration of Corporate Tax for taxable persons failing which will…
Everything You Need to Know About Small Business Relief in the UAE
Small Business Relief is an optional relief available to small businesses in the UAE, who are resident persons for corporate tax purposes. It is provided in order to reduce the…
Is Your Business Ready for UAE VAT & Taxes?
Spectrum Auditing conducted webinar on “VAT Insights: FTA Audit, Recent Updates, Import-Export Rules, CT Registration challenges, and VAT Penalties Unveiled” on 16th February 2024. You can watch the webinar recording…
Corporate Tax – Taxation, POEM, PE
Spectrum Auditing conducted webinar on “Taxation for Individuals, Place of Effective Management (PoEM), Permanent Establishment (PE)” on 9th February 2024. You can watch the webinar recording video link in this…
Tax Residency Certificate (TRC)
A Tax Residency Certificate (TRC) is a certificate issued by the Federal Tax Authority in UAE to companies established in the UAE and to individuals residing in the UAE. This…
Tax Group & Other Relevant Provisions as per UAE Corporate Tax Law
The FTA has issued a new guidance on Tax Groups on January 08, 2024. What are Tax groups as per the Corporate tax law? As per the Federal Decree…
Corporate Tax Registration Requirements List
The corporate tax will be levied on the profits calculated in accordance with the International Financial Reporting Standards (IFRS) after making the adjustments to it as mentioned in the Corporate…
Registration of the Unincorporated Partnership
The Federal Tax Authority (FTA) issued a decision on December 15, 2023, for determining the requirements for the registration of the unincorporated partnership and determining the distributive Shares of Partners…
Corporate Tax Rules: Year-end adjustments and Transitional Provisions
Spectrum Auditing conducted webinar on “Corporate Tax Rules : Year-end adjustments and Transitional Provisions” on 19th January 2024 especially for accountants who have questions on how to handle the company…
What is an Auditor Report?
In this blog, let’s find out What is an Auditor report, The usage of an Auditor report, The components of an Auditor report, and the various types of Audit reports?…