Articles

How Audit can help increase the profit margins of the business of the business
UAE
How Audit can help increase the profit margins of the business of the business
Zeeshan Sharif on 11 September 2023
A companys financial situation must be regularly monitored in order for it to improve. Auditing may aid with business understanding by analysing the numerous ac..
Zero rating of Export of Deemed Supplies! Does the concept work?
UAE
Zero rating of Export of Deemed Supplies! Does the concept work?
MRADUL GUPTA on 24 June 2023
The concept of Deemed Supply (DS) is included in scope of tax as per UAE VAT law (Law). Definition of DS as per law includes supply of goods or services made wi..
Global Tax Architecture - United Nations
Global Tax Architecture - United Nations
Alfredo Collosa on 14 June 2023
Recently the United Nations published a policy brief Reforms to the International Financial Architecture [1] . It sets out action-oriented recommendations for r..
 UAE's Federal Tax Authority's
UAE
UAE's Federal Tax Authority's
Editor on 12 June 2023
Small and medium enterprises (SMEs) are the backbone of any thriving economy, and the United Arab Emirates (UAE) recognizes their crucial role in driving econom..
Comparing the Implementation of VAT and Corporate Tax in the UAE: Key Differences and Implications for Businesses
UAE
Comparing the Implementation of VAT and Corporate Tax in the UAE: Key Differences and Implications for Businesses
MUFADDAL SAFDARI on 07 June 2023
The introduction of corporate tax in the UAE, effective from the financial years starting on or after 1 June 2023, marks a significant milestone in the countrys..
Bahrain committed to the global minimum corporate tax initiative
Bahrain
Bahrain committed to the global minimum corporate tax initiative
Abdulrahman A Bucheeri on 31 May 2023
In my last article, I discussed the UAEs announcement concerning the introduction of corporate income taxation (CIT), and hinted that Bahrains rollout of CIT is..
Understanding the Prerequisites for Maintaining Master File and Local File to Comply with Corporate Tax Law
UAE
Understanding the Prerequisites for Maintaining Master File and Local File to Comply with Corporate Tax Law
Mohammed Shakee on 30 May 2023
To adhere to the Corporate Tax Law, it is necessary to understand the prerequisites for maintaining the Master File and Local File. Requirements for Maintain..
Key takeaways from Ministerial Decision on Participation Exemption
UAE
Key takeaways from Ministerial Decision on Participation Exemption
Nishit Parikh on 26 May 2023
Ministerial Decision No.116 of 2023 As per Article 23, specified income from participating interest is exempt from Corporate Tax in UAE (CT). As per Clause 2..
The Transformative Power of Artificial Intelligence for Financial Forecasting
GCC
The Transformative Power of Artificial Intelligence for Financial Forecasting
Editor on 24 May 2023
Artificial Intelligence (AI) has emerged as a game-changer in various industries, and its impact on financial forecasting is no exception. Traditional methods o..
UAE Corporate income tax: Hot topics
UAE
UAE Corporate income tax: Hot topics
Dahiba Bensafi on 17 May 2023
Since the end of April, the Ministry of Finance (MOF) and the Federal Tax Authorities (FTA) have decided to publish every week the most expected decisions to cl..

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