What is CRS?The Common Reporting Standard (CRS) is an information-gathering and reporting requirement for financial institutions in participating countries. It mandates the collection and sharing of financial account information to prevent tax evasion through the use of offshore accounts. Under
Federal Tax Authority issues new Decision on specified timeframes for Corporate Tax registration Abu Dhabi, UAE – 27 March 2024 – The Federal Tax Authority (FTA) has specified timeframes for Taxable Persons subject to Corporate Tax to apply to register with the FTA
Freelancing in the UAE has become significantly easier with the introduction of new business licenses that help lower operating costs. However, freelancers need to ensure they comply with VAT regulations to avoid hefty penalties and maintain their credibility. Who Needs
Accurate bookkeeping is a critical aspect of running a successful Limited Liability Company (LLC) in the UAE. It plays a vital role in ensuring legal compliance, informed decision-making, efficient tax preparation, financial transparency, and fraud prevention. In this blog, we’ll
