The coronavirus outbreak is a human tragedy that has affected and continues to affect thousands …
Business Opportunities Post-Pandemic
Managing cash-flows through the COVID-19 Pandemic
The global economy is facing unprecedented challenges on account of the COVID-19 outbreak. The full-fledged impact on businesses and supply chains can b…
Confronting The Pandemic: Opportunities for The Technology Sector in The Gulf Region
“One’s survival depends on its ability to stay awake, adjust to new ideas, remain vigilant and face the challenge of change” – Martin Luther King Jr
D…
UAE Excise Tax – Extension of Due Date
Extending the Tax Period for Excise Tax Registrants
Considering the urgent and exceptional nature of developments and challenges that resulted from pre…
The Impact of COVID-19 on M&A Transactions
The COVID-19 pandemic has resulted in unprecedented changes worldwide within a few months across economies, supply chains, companies, healthcare and m…
Impact Of Amendments To IFRS 17 On Insurance Companies
The International Accounting Standards Board (IASB) introduced IFRS 17 in May 2017 for an accounting of insurance contracts. Since then, IASB has been in…
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…
