In this article, let’s delve deeper into understanding the International Financial Reporting Standards for Small Medium Enterprises. Definition of SME’s as per Corporate Tax law: As per Ministerial Decision…
Cabinet Decision No. 100 of 2023 on Determining Qualifying Income for the Qualifying Free Zone & Ministerial Decision No. 265 of 2023
IMPORTANT: The Ministry of Finance has issued a new Cabinet Decision no. 100 of 2023 which replaces Cabinet Decision no. 55 of 2023. The Ministry of Finance has issued a…
Guide on Arm’s Length Principle for Financial Transactions
The Federal Tax Authority has issued a guidance in October 2023 detailing specific areas for Transfer Pricing that are relevant from a UAE perspective as a financial and investment hub.…
Corporate Tax & Compliance in Real Estate Business
Spectrum Auditing conducted an enlightening webinar on 3rd November 2023 on “Corporate Tax & Compliance in Real Estate Business”. You can watch more webinar videos on our Spectrum Auditing’s YouTube…
Exploring Offshore Company Establishment in the UAE: A Comprehensive Guide
Introduction: The United Arab Emirates (UAE) has become a global hub for commerce and trade, thanks to its strategic location, top-notch infrastructure, and favorable regulations. Many entrepreneurs and investors worldwide…
Your Guide On Non-Resident Person’s who are Subject to Corporate Tax
The UAE Ministry of Finance has released a guidance on the corporate tax law and implementing decisions on Non-Resident individuals or entities but have a source of income in UAE.…
FTA VAT Audit in UAE
What is FTA VAT Audit? As per Article 1 of Federal decree law, the definition of Tax Audit is “A procedure undertaken by the Authority to inspect the commercial records…
Contents of Internal Control over Financial Reporting (ICFR)
Spectrum Auditing conducted an enlightening webinar on 28th September 2023 on “Internal Control over Financial Reporting (ICFR)“. You can watch more webinar videos on our Spectrum Auditing’s YouTube channel. …
Corporate Tax Compliance in Retail & Trading -CT, VAT, ESR
Spectrum Auditing conducted an enlightening webinar on 15th September 2023 on “Corporate Tax & Compliance in Retail & Trading Business – evaluating CT, VAT, ESR”. As part of our ongoing…
Value Added Tax (VAT) Services in UAE
Value Added Tax (VAT) is essential for businesses operating in the United Arab Emirates. VAT registration is mandatory for businesses meeting specific turnover thresholds. Registering for VAT ensures compliance with…
Common Mistakes in UAE VAT
The introduction of Value Added Tax (VAT) in the United Arab Emirates has brought about significant changes in the way businesses operate. While VAT can be a valuable source of…
EmaraTax UAE PASS
Latest news from the UAE Federal Tax Authority (FTA): The United Arab Emirates Federal Tax Authority (FTA) has issued a latest update and has informed in a recent circular that…