Insights
Audit intelligence for UAE businesses.
Regulatory updates, sector analysis and audit perspectives from the RAA team — keeping you informed in a fast-moving market.
Featured Article
Licensed vs Operating Activity: What You Must Know Before Your Regulator Asks
Your trade license sets out what your business is authorised to do. But as companies grow, new services, revenue streams and opportunities often emerge that were never contemplated when the original license was issued. Over time, a gap can develop between a company’s licensed activity and its operating activity. Most businesses don’t think about that
Latest Articles
UAE Corporate Tax – Impact on transactions with connected persons
On 31 January 2022, the UAE Ministry of Finance (MOF) announced the introduction of Federal Corporate Tax (CT) on business profits effective for financial years starting on or after 01
Variable Capital requirements introduced by DFSA
Definition When we think of money, stored value means anything that is not cash, but one can still use it to transfer value – checks, debit cards, gift cards, and
UAE Corporate Tax Update – Impact on Free Zone businesses
On 31 January 2022, the Ministry of Finance (MOF) announced that the United Arab Emirates (UAE) will introduce a Federal Corporate Tax (CT) on business profits effective for financial years
UAE Corporate Tax Update — Stop and Rethink on the decision to Tax Group under the UAE Corporate Tax
On 31 January 2022, the UAE Ministry of Finance (MOF) announced the introduction of Federal Corporate Tax (CT) on business profits effective for financial years starting on or after 01
UAE ESR Update: ESR Audit — What Process?
With the issuance of the new Cabinet Resolution No. 57 of 2020 concerning Economic Substance Requirements (“Regulations”) on 10 August 2020, the Federal Tax Authority (“the FTA”) was appointed as
Newsflash: If a UAE SME lets its financial control become ‘financial out-of-control’, the risks can be existential
In a long career in finance and accounting, I reckon I’ve pretty much seen it all…. and, frankly, some of it was not very pretty! For every role where my
Newsflash: Integrating Strategy, Business Plans and Budgets
In the UAE, as in other countries, businesses too often prepare a budget without first giving due consideration to strategy and medium-term business planning. This is particularly the case for
Newsflash: The Benefits to a UAE SME of a Non-Executive Director with a Financial Background
Although non-executive directors (NEDs) are only a legal requirement in the United Arab Emirates for joint stock companies (JSCs), they can be of significant benefit to small and medium-sized enterprises
Newsflash: Freeing-up UAE entrepreneurs to concentrate on business-critical activities
Like their counterparts in other parts of the world, UAE business leaders are constantly striving to maintain focus on revenue-earning and business-critical activities. Yet many are distracted and deflected from
Newsflash: A UAE start-up’s need for CFO Support
UAE government measures which have removed much of the red tape that previously hampered start-ups and which now allow 100 percent foreign ownership of companies have created an ideal incubator
February 10, 2022
Read more about Newsflash: A UAE start-up’s need for CFO SupportNewsflash: Liquidation process for UAE registered entities — An overall view
Liquidation is the process by which a company as separate legal person is brought to an end of its life through a formal process specified by the related jurisdiction. All the assets of the
UAE VAT Updates – Timeline for Re-determination of Administrative Penalties extended until 31st December 2022
The UAE Cabinet issued Cabinet Decision No. 108 of 2021 (Decision) amending Article 3 of Cabinet Decision No. 49 of 2021 to extend the timeline for the re-determination of administrative
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