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24 Mar, 22

CT IN UAE- TREATMENT OF FREE ZONE COMPANIES, INTERNATIONAL ASPECTS, FREELANCERS AND OIL AND GAS INDUSTRIES

The 9% CT rate, which is one of the lowest CT rates globally, was most likely selected to maintain the UAE’s attractiveness for foreign investment. The CIT regime has been implemented by the UAE in view of achieving the following objectives: Cementing the UAE’s position as a world-leading hub for business and investment Meeting international […]
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23 Mar, 22

How to Prevent Money Laundering

The UAE had implemented Anti Money Laundering/Countering the Financing of Terrorism measures as per the Financial Action Task Force (FATF) standards and is taking correct and strict measures that all businesses comply with the local as well as international guidelines for operating genuine businesses. In September 2018, UAE introduced Federal Decree-law No. 20 of 2018 […]
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22 Mar, 22

Have you appointed your Money Laundering Reporting Officer (MLRO) ?

Money Laundering Reporting Officer (MLRO) or Anti-Money Laundering Officer (AMLO) is a Compliance professional who oversees the firm’s anti-money laundering/countering the financing of terrorism framework. Who is a Money Laundering Reporting Officer (MLRO) In order to oversee internal anti-money laundering policies and remain compliant with important regulations, all regulated entities DNFBPs, (Designated Non-Financial business professions) […]
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22 Mar, 22

UAE- SUBMISSION OF VAT REFUND APPLICATION FOR FOREIGN BUSINESSES STARTS FROM MARCH 1st, 2022

UAE – As from 1 March 2022, FTA (Federal tax authority) will open VAT Refund application window for foreign businesses under the” Foreign Business Refund Scheme”to submit their value added tax (VAT) refund requests for the 2021 calendar year. The refund requests must be submitted by 31 August 2022. Non-UAE resident businesses should consider whether […]
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21 Mar, 22

Cycle Count vs Physical Inventory Count

Cycle Count VS Physical Inventory Count Cycle Counting Cycle counting inventory is a form of perpetual inventory management. It counts your stock levels continuously over a predetermined period of time. The idea is that business owners and managers can keep their inventory optimized without having to conduct store-wide counts that interrupt your retail operations. Instead, […]
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21 Mar, 22

Inventory Control

Why Count Your Inventory?  Asset Tracking and Valuation Managing Stock Levels Anticipating Demand Shrinkage, Theft, & Loss Control Accounting Location Decisions What should be Counted? Saleable Items Raw Materials Furniture, Fixtures, & Equipment Rental and/or Movable Equipment Cars, Trucks, Vans, Containers, etc. Where to Perform Inventory Counts? Inventory Counts by Physical Areas Items That Are […]
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20 Mar, 22

Cycle Count in Inventory Management

Cycle Count in Inventory Management Does your business sometimes experience delays in order fulfilment, resulting in dissatisfied customers? If your inventory count does not consistently match what you physically have in your warehouse, your company could benefit from cycle counting Cycle counting is an inventory auditing process where a small subset of inventory, in specific […]
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