The International Accounting Standards Board (IASB) introduced IFRS 17 in May 2017 for an accounting …
Impact Of Amendments To IFRS 17 On Insurance Companies
Dubai Expo 2020- Gateway To Businesses Opportunities
Dubai Expo 2020 is likely to be one of the largest events to be hosted in the Middle East Region. Dubai commenced a 365-day countdown to October 2020 when Expo …
UAE ISSUES ECONOMIC SUBSTANCE REGULATIONS
Introduction
In December 2017, the European Union (“EU”) Code of Conduct Group on Business Taxation assessed the tax policies of jurisdictions with no or …
UAE ISSUES ADDITIONAL GUIDANCE ON ECONOMIC SUBSTANCE REGULATIONS
Background And Introduction
Following its commitments made to remedy EU concerns and to implement BEPS related measures, the UAE Cabinet issued the Cabi…
Tangible Aspects in Valuing Intangible Assets – Identification of Intangible Assets
IAS 38 defines intangible assets as an identifiable non-monetary asset without physical substance, wherein an asset is a resource controlled by an entit…
Cabinet Decision No.52 of 2019 on Excise Goods, Excise Tax Rates and the Calculation Methods
The UAE Federal Tax Authority (FTA) released Cabinet Decision No.52 of 2019 on Excise Goods, Excise Tax Rates and the Methods of Calculating the Excise Pri…
IASB Issues Proposal for IFRS Taxonomy Update 2019
The International Accounting Standards Board (IASB) issued the Interest Rate Benchmark Reform (IRBR) in September 2019. This incorporated revision to …
UAE Cabinet Expands List of Excise Taxable Products Starting January 1, 2020
The UAE Government introduced Excise tax in 2017 which was levied on specific goods (carbonated drinks, tobacco products and energy drinks) that are harm…
UAE INTRODUCES COUNTRY-BY-COUNTRY REPORTING
With a commitment to implement the minimum standards to prevent Base Erosion and Profit Shifting (BEPS), UAE became the 116th jurisdiction to join the OEC…
Positive List – FDI Law of 2018 – UNITED ARAB EMIRATES
In line with the new Foreign Direct Investment (“FDI”) law, Federal Decree-Law No. (19) of 2018 (“FDI Law of 2018”) enacted on September 2018 the much-awai…
