News & Updates

Economic Substance Regulations (UAE)

The Regulations (Cabinet of Ministers Resolution No.31 of 2019, the “Regulations”) require UAE onshore and free zone companies and other UAE business forms that carry out any of the “Relevant Activities” listed below to maintain an adequate “economic presence” in the UAE relative to the activities they undertake. Relevant Activities: Banking Business Insurance Business Investment [...]

Country by Country Reporting

This is custom heading element Country-by-Country Reporting (CbCR) in the U.A.E was issued on the 30th of April 2019 vide Cabinet Resolution No. 32 of 2019. CbCR is a part of Action 13 of the Base Erosion and Profit Shifting (BEPS) initiative led by the Organization for Economic Co-operation and Development (OECD) and G20. BEPS [...]

Indian expats are still liable for taxes

Indian expatriates have been warned they must pay tax on their income and investments in their home country Arjun Srinivas, chief executive of Nair and Nelliyatt Chartered Accountants in Dubai, said non-resident Indians (NRIs) could face prosecution if they did not pay these taxes…. read more