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AML and CFT Registration deadline in UAE Extended till April 30

The Ministry of Economy has extended the deadline for registration of AML and CFT till the end of April for “Designated Non-Financial Businesses and Professions” (DNFBP`s).

15 April 2021

News

VAT Applicable for Services Provided by Artists and Influencers in UAE

Artists and influencers in UAE will not be exempted from VAT anymore. The FTA has come up with a bulletin that discusses about the applicability of VAT on artists and...

13 March 2021

News

UAE Extends Anti-Money Laundering (AML) Compliance date for selected Businesses

As an attempt to control the financial crimes that are on the rise, the UAE Ministry of Economy has extended the period for the businesses

9 March 2021

News

ESR Compliance Deadline Extended till January 31st

The ESR compliance deadline in UAE has been extended for a month to January 31st, 2021. The extension is a great relief to businesses as they had a rough time

5 January 2021

News

Saudi Arabia increases their minimum wage for National Staff

Saudi Arabia has decided to increase the minimum wage of employees from 3000 riyals to 4000 riyals.

30 November 2020

News

UAE allows 100% ownership for foreign nationals

The much-awaited law pertaining to 100% ownership for foreign nationals while starting a business in UAE

25 November 2020

News

FTA will now issue Tax Residency Certificate in UAE

Tax residency and commercial activities certificates will now be issued via the Federal Tax Authority and not the Ministry of Finance.

17 November 2020

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UAE Golden Visa: New categories included

The UAE recently announced that it will grant the 10-year golden visa to all PhD holders, physicians, engineers in the fields of computer engineering

16 November 2020

News

UAE Amends Personal and Family Laws

UAE is home to different nationalities and have people with different cultures residing here. Considering the wide cultural mix, the government of UAE has brought in relaxations to its Islamic...

15 November 2020

News

Dubai announces new stimulus package of AED 500 million

Dubai has come up with yet another economic stimulus package to support the economy and people. The new package amounts to AED 500 million

28 October 2020

News

Oman to announce 5% VAT from April

Oman has been facing severe economic crisis even before the spread of the COVID-19 pandemic and the fall of the crude oil prices.

18 October 2020

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Oman sets minimum wage for Omani National

Oman has decided to set the minimum wage of all Omani national employees to 325 Omani riyals, irrespective of their educational qualification.

30 September 2020

News

Dubai Announces its Third Stimulus Package

Dubai has announced a third stimulus package worth Dh1.5 billion to support the economy at the time of Covid-19. Sheikh Hamdan stated that

16 July 2020

News

Economic Substance Regulations Deadline UAE

The United Arab Emirates Cabinet has issued the Cabinet of Ministers Resolution No.31 of 2019 and it requires all in-scope UAE entities to maintain an economic substance.

13 June 2020

News

Economic Substance Regulations DIFC

DIFC has extended the deadline to submit Economic Substance Regulations(ESR) notification from 12th June to 30th June.

10 June 2020

News

Saudi Arabia Increases VAT to 15%

Saudi Arabia has decided to triple its VAT, from 5 percent to 15 percent. The measure is being taken to support the coronavirus-hit economy and it will be effective from...

12 May 2020

News

Stimulus Package for Dubai Free Zones

Companies based in Dubai free zones need not worry about paying rent for the next 6 months. The Dubai Free Zones Council has come up with a major relief package

31 March 2020

News

Automatic renewal of visas in UAE

The entire world has come to a halt because of the corona virus pandemic. People are placed under home quarantine and there are many who are unable to go to...

29 March 2020

News

Timeframe for recovering Input Tax

The Federal Tax Authority has issued a Public Clarification (VAT P017) for “TimeFrame for recovering Input Tax”. This Public Clarification clarifies the FTA’s position relating to

10 February 2020

News

HLB HAMT Partners with Automation Anywhere

Automation Anywhere has announced partnership with HLB HAMT, to deliver RPA products as part of their Accounting, Audit Assurance, and Business Consultancy practices.

3 February 2020

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