VAT Refund Scheme For Expo 2020 Participants
VAT Refund Scheme For Expo 2020 Participants The Federal Tax Authority (“FTA”) has announced Cabinet Decision no. 1 of 2020 on the Refund of VAT on Goods and Services for all the countries and companies cooperating in Expo 2020 Dubai. Cabinet Decision no. 1 of 2019 was cancelled, which was issued earlier. In the new […]
100% foreign ownership in the UAE Companies
As per the recent update on UAE company law, the foreign business owners who has the desire to start a company in the UAE will no longer need an Emirati shareholder or agent. The changes are made to boost the country’s competitive aspects and is a part of UAE government initiative to encourage business. The […]
VAT update for Automotive sector in UAE
The VAT update is applicable for New car dealers Used car dealers Servicing and parts’ suppliers Supplies produced by companies in the automotive sector are normally subject to VAT, including Sales of new and used cars Sales of car parts Service centers’ services, warranties, and related insurance services Public transport services are however, zero-rated for […]
Advantages of Outsourcing Payroll Services in the UAE
In this time, the company management’s ultimate concerns are managing the employees’ attendance, taxes, and employee compensation. This process is important because they are the major assets of any companies. What are Payroll services? Payroll service is a virtual process in that the company must understand UAE’s regulations with complete wisdom of the tax laws. […]
5 accounting qualifications to heighten your career in the UAE
According to Institute of Management Accountants (IMA), accounting professionals are the most paid persons in the UAE’s Middle East region. The accounting professionals who has advbaced degrees earn more compared to others who has only baccalaureate degrees. So we are listing top qualifications to boost your career. 1. Chartered Accountant Institute of Chartered Accountants of […]
Audit Requirements for Companies in Dubai Free Zone
Company requirements Companies have the freedom to select their financial year as per their need. But, that chosen financial year must be commence from the date of company incorporation.The financial year must be in between 6 months and 18 months. The renewal and reporting should be done within 90 days. There are exceptions for few […]
Did you submit the ESR Notification for the year ended 2020 – ESR Update UAE
Did you submit the ESR Notification for the year ended 2020 for your working firm in UAE? If your firm’s financial year is ending on 31 December 2020 you are supposed to file ESR notification before June 30th 2021. If you are looking for ESR assistance, AGX can help you to comply with the ESR […]
VAT update in Dubai-UAE
According to the UAE government’s Cabinet Resolution No. (51) of 2021 Modifying some provisions of Cabinet Resolution No. (36) of 2017 on the Executive Regulations of Federal Law No. (7) of 2017 on Tax Procedures specifically the provision of Article (26) of Executive Regulations of Federal Law No. (7) of 2017 on Tax Procedures. The […]
How to Establish Your Business in UAE Online?
Across the world the online company registration and establishments are increasing quickly. In UAE, the company operations and service methods are keep on changing to the online business format for products & services. Company management in UAE are more interested to change to online business instead of previous direct delivery of products or services. It […]
8 Effective Steps to Perform an Internal Audit Successfully in Dubai UAE
Conducting internal audits are necessary for companies to achieve their company vision by calculating the success and uniformity of their best execution. Internal audit is typical to stick on the company policies. If you had any gap, the internal auditors will assist you to resolve the issues. If done correctly, internal audits in Dubai can […]