Dubai Launches ICV Programme to Boost Local Manufacturing The Dubai Department of Economy and Tourism (DET) and the Dubai Department of Finance (DOF) have launched the ‘Dubai In-Country Value (ICV) Programme’ to boost local manufacturing by increasing government spending on local suppliers. Leveraging Tasharok for Increased Local Spending The initiative will be carried out through […]
Expert Chartered Accountants in the UAE – AVK Global
We are approved and registered auditor with almost all government institutions including : Ministry of finance Department of economy Chamber of commerce Central bank of UAE Municipalities RERA Ministry of justice Courts Arbitration centers Most of the banks in the UAE Hamriyah DIFC Audit & Assurance : Agreed Upon Procedure Audit Independent Reviews Forensic Audit […]
Unlock Corporate Tax Penalty Waivers in the UAE: Your Guide from AVK Global
UAE Offers Corporate Tax Penalty Waivers for Late Registration The Federal Tax Authority (FTA) in the UAE has announced a welcome initiative for businesses, offering a waiver on administrative penalties for the late submission of corporate tax registration applications. This move aims to provide further support to the UAE business sector, enabling taxpayers to meet […]
Don’t Miss Out! UAE Extends Corporate Tax Deadline – Avoid Penalties Now
Relief for Businesses: UAE Extends Tax Registration The Federal Tax Authority (FTA) in the United Arab Emirates has announced an extension to the deadline for corporate tax registration, providing significant relief to businesses. In a move aimed at easing the transition to the new tax regime, the FTA will waive penalties for late registration if […]
Must-Read for CFOs: UAE’s New Pillar Two Rules and the Global Top-Up Tax
UAE Adopts OECD’s Pillar Two: A Detailed Guide to the Top-Up Tax The United Arab Emirates (UAE) is taking a significant step in aligning its tax framework with international standards. Specifically, the UAE has decided to implement the Global Anti-Base Erosion (GloBE) Model Rules. This move is formalized through Ministerial Decision No. (88) of 2025, […]
Urgent Update: Key Changes in UAE Corporate Tax – What You Need to Know
The United Arab Emirates (UAE) has embarked on a significant shift in its economic policy with the introduction of a federal corporate tax. This landmark decision, effective for financial years commencing on or after June 1, 2023, represents a fundamental change to the UAE’s long-standing tax regime. For businesses operating within and with the UAE, […]
UAE VAT: Maximize Input Tax Recovery on SWIFT – New Rules
SWIFT Charges and VAT: Clarifying Invoicing and Input Tax Recovery for Banks Understanding SWIFT Charges and VAT Key Changes: Tax Invoices and SWIFT Messages Required Information in a Qualifying SWIFT Message Input Tax Recovery Conditions Conclusion Useful Links and References:
Complete Guide: UAE’s Mandatory Audits Under Corporate Tax Regulations
Interpretation of Terms Words and expressions in this Decision shall have the meanings specified in the Federal Decree-Law No. 47 of 2022 referred to above (“Corporate Tax Law”), unless the context otherwise requires. Requirements for Audited Financial Statements Repeal of Previous Decision Ministerial Decision No. 82 of 2023 is repealed. However, to ensure a smooth […]
Secure Your Investments: Understanding New UAE Property Tax Nexus
Definition of Immovable Property Nexus for Corporate Tax on Foreign Companies Under the Corporate Tax Law, a foreign company is considered to have a connection with the State in the following cases: Rules on Artificial Transfer of Property Rights If a non-resident person transfers or gives up their rights to property in the State in […]
Unlock Dubai’s New Bharat Mart: Your Gateway to Indian Trade
Bharat Mart in JAFZA: A New Hub for Indian Goods by 2026 Sheikh Hamdan’s India visit announced Bharat Mart. This significant Indian goods hub will open in JAFZA by 2026. Furthermore, it will boost India-UAE ties and regional trade. Dubai’s Bharat Mart: A Dragon Mart-Style Boost for Indian Trade DP World’s Sultan bin Sulayem announced […]