UAE Reduces Penalties on VAT and Excise TAX
UAE Reduces Penalties on VAT and Excise TAX
Get ready to face fines of up to Dh100,000 in case of ‘ultimate beneficial owner’ rules violations
Get ready to face fines of up to Dh100,000 in case of ‘ultimate beneficial owner’ rules violations Ministry of Economy will begin imposing fines on violators from July after the campaign . Dubai: UAE has launched a campaign to ensure 513,000 non-financial businesses, regulated by 38 licensing authorities, provide data on ultimate beneficial owners. “Money…
How Auditors in UAE Monitor Financial Growth of a Company
How Auditors in UAE Monitor Financial Growth of a Company Auditors are the entities who strictly check the working of a company, and ensure whether they comply with the rules and regulations of the state and follow all the required procedures while performing the business activities. They conduct investigation, attestation, reporting processes and communicate the…
Impact of Blockchain Technology on Accounting and Auditing
Impact of Blockchain Technology on Accounting and Auditing Any new technical opportunity is originally viewed as a difficulty, and blockchain-based solutions are no exception. The new perspectives that have been brought about by this digital transition are immense and yet to be exploited, opening additional opportunity for consulting services in its nascent stage. Consultants, particularly…