The property sector is one of the important industries that must be given extra care while implementing VAT in the UAE. A slight increase of 5% price by way of VAT can make a reasonable impact on the demand for properties; at least for a short-term period. From the information obtained from the MoF through the…
MOA amendment as per the new Commercial Company Law –Don’t worry if you have not revised your MOA. The companies who have not yet amended their Memorandum Of Association (MOA) following the measures of the new Commercial Companies Law need not worry now. The deadline was set earlier for 30th June 2017 by the…
Disclosure of accurate value of inventory is very important for a business organization to give a true and fair picture of the finance position as well as the profit/loss account for a particular period. Verification of inventory and its valuation has vital role in financial audit as well. Inventory is defined as assets that are…
UAE is going to implement VAT by 1st Jan 2018. The business community is eager to know its impact on their business. To understand the impact of VAT in UAE on various transactions of a trading company. The following illustration will help the businesses and finance people to understand how UAE VAT law will impact…
Now you can become a licensed freelancer by investing just 350 USD (terms and conditions applied). Emirates Chartered Accountants Group invites all the enthusiastic freelancing individuals to put forward their aspiration towards company formation in the UAE for getting license and visa at a minimal cost. With the perception of twofour54’s progress towards becoming the…
The UAE is implementing VAT by 1st Jan 2018. VAT is a new tax concept for the region. There will be the huge impact on the E-commerce transactions i.e., online trading transactions by this new VAT UAE law. With the evolution of E-commerce in the UAE, life has completely become a convenient boon influencing a…
