Corporate Tax Implications & Compliance to Real Estate Investment in the UAE
Corporate Tax Implications & Compliance to Real Estate Investment in the UAE for Natural Persons Introduction The UAE’s real estate market has become a global hotspot for individual investors due to its high growth potential, tax-free returns, and robust legal framework. Recognizing the need for clarity around real estate regulations, the UAE Federal Tax Authority […]
UAE Corporate Tax Residency and Tax Residency Certificate Guide
UAE Corporate Tax Residency and Tax Residency Certificate: A Comprehensive Guide Introduction The United Arab Emirates has become a prominent hub for international business and finance. As the UAE introduces corporate tax, understanding tax residency criteria is essential for companies to optimize their tax status and remain compliant. This guide by NAM Accountants provides insights […]
UAE VAT Law 2024 Update: New E-Invoicing and Compliance Requirements for Businesses
The UAE VAT Law No. 16 of 2024 brings essential updates to VAT compliance, especially in e-invoicing and documentation requirements. As your partner in maintaining VAT compliance, NAM Accountants highlights the changes to help you understand what these adjustments mean for your business operations and VAT handling. 1. New Definitions in VAT Law (Article 1) […]
UAE FTA Grace Period for Tax Record Updates – Avoid Penalties
Grace Period Announced by UAE’s Federal Tax Authority: Update Tax Records Without Penalties UAE FTA grace period is now in effect, allowing businesses the opportunity to update their tax records without penalties. This important update from the Federal Tax Authority offers businesses from January 1, 2024, to March 31, 2025, to comply without fines. The […]
Corporate Tax Saving Strategies for UAE Businesses: Maximize Deductions and Profitability
Corporate Tax Saving Strategies for UAE Businesses: Leveraging Allowable Deductions for Optimal Profitability As the UAE introduces corporate tax, businesses are eager to explore strategies to enhance profitability by leveraging allowable deductions. By adopting effective corporate tax-saving approaches, companies can reduce taxable income and secure substantial financial savings. Here’s a comprehensive overview of the primary […]
Understanding the VAT Reverse Charge Mechanism (RCM) in the UAE
Understanding the VAT Reverse Charge Mechanism (RCM) in the UAE The Reverse Charge Mechanism (RCM) under VAT in the UAE is a specific tax mechanism that shifts the VAT obligation from the supplier to the recipient of goods or services. This mechanism, commonly used for cross-border transactions, eliminates the need for non-UAE-based businesses to register […]
FATF Grey List Update: 25th October 2024 Impact on Businesses
On 25th October 2024, the Financial Action Task Force (FATF) published its updated Grey List, identifying countries with strategic deficiencies in their anti-money laundering (AML) and counter-terrorist financing (CTF) frameworks. This update is significant for businesses that operate in or transact with countries on the Grey List, as it may lead to increased scrutiny, compliance […]
How Zoho CRM Customisation Can Streamline Your Business Processes
Zoho CRM customisation is essential for businesses looking to enhance productivity and align their CRM with specific workflows. Zoho CRM is a widely used solution for businesses to manage sales, marketing, and customer service. However, its default settings may only partially address your specific business requirements. Customisation allows you to tailor Zoho CRM to your […]
UAE Economic Substance Regulations update : No longer require to file for ‘Economic Substance Regulations’
UAE Economic Substance Regulations updated as an exemption on large companies and multinationals from the requirement to file for Economic Substance Regulations (ESR). This change is part of the UAE’s broader strategy to streamline compliance and enhance its appeal as a business hub. ESR requirements initially mandated businesses to demonstrate substantial economic activities within the […]
AML Regulations for Virtual Asset Service Providers in the UAE – Crypto AML Regulations in the UAE
As Virtual Assets continue to gain acceptance and blockchain technology grows increasingly influential across various industries, the Virtual Assets sector is rapidly expanding. This segment significantly impacts the financial sector and the broader economy. With this growth, the demand for intermediaries to facilitate Virtual Asset transactions is also on the rise. These intermediaries are known […]
