The Importance of Cybersecurity Due Diligence

BlogOctober 6, 20232KViews 0Likes 0Comments

What is Cybersecurity Due Diligence? Cybersecurity Due Diligence (CDD) is the process of reviewing a company's security practices to identify and mitigate cybersecurity risks. It is especially important for companies that operate in high-risk industries or that handle sensitive data. During the due diligence process, cybersecurity firms collect information about a company's third-party vendors' cybersecurity…

Common Bookkeeping Mistakes That Businesses Make in UAE

BlogSeptember 22, 20232KViews 0Likes 0Comments

What is Accounting & Bookkeeping? Bookkeeping is essential for business owners to maintain accurate financial records and make sound business decisions. Poor accounting is one of the leading causes of business failure. Without bookkeeping, businesses cannot effectively manage their finances. The best way to avoid common bookkeeping mistakes is to hire a certified bookkeeper. A…

Common VAT Mistakes to Avoid in UAE

BlogSeptember 15, 20231KViews 0Likes 0Comments

What is VAT? VAT is a consumption tax levied on goods and services at each stage of the production and distribution process. It is ultimately borne by the final consumer but collected from businesses. VAT is charged on most goods and services supplied in the UAE, including imports. VAT is a common tax in many…

Strategies for Tax Planning for UAE Holding Companies

BlogSeptember 8, 20231KViews 0Likes 0Comments

Tax Planning for UAE The United Arab Emirates (UAE) is increasing in popularity among holding companies looking to optimise their tax planning methods. One of the UAE's main advantages is that there are no withholding taxes on profits, interest, or royalties. This makes it an attractive choice for holding businesses that may receive revenue from…

Information on Corporate Tax in UAE That You Should Know

BlogSeptember 1, 20232KViews 0Likes 0Comments

In January 2022, the UAE Ministry of Finance made a significant announcement – the introduction of corporate taxes across the nation, set to come into effect on June 1st, 2023. This tax, known as the Corporate Tax, will apply to businesses based on their fiscal year starting on or after June 1, 2023. Corporate income…

Latest UAE Corporate Tax Update from Tax Group

BlogAugust 4, 20232KViews 0Likes 0Comments

Introduction According to Article 40 of the UAE Corporate Tax Law, the Ministerial Decision of the UAE has established specific standards for the Tax Groups. What are the requirements for ownership? To create or keep the Group, it must continuously satisfy the conditions outlined in Article 40(1) of the UAE Corporate Tax Law for the entire…