Alya Almarzooqi Auditing

Beware of ESR in the UAE to avoid penalties!!! | Alya Auditors As part of the UAE's commitment as a member of the OECD Inclusive Framework, and in response to an assessment of the UAE's tax

Few Free zones extends ESR submission deadline to June 30th 2020 | Alya Auditors Some free zones have extended the March 31 deadline for companies to file Notification of Economic Substance Regulation with their relevant activities and core income generating activities for businesses managed within and from the UAE. The leniency for the new deadline to June 30 will ensure timely...

Are some audit firms/auditing better than others in Dubai ? | Alya Auditors We would hope that all audits carried out by all registered auditors are as reliable as each other. Generally, experience confirms this. The question might therefore be rephrased as: “Do some audits offer better value for money than others?” To this we can definitely say “yes”! There are two...

Auditing,Accounting,VAT & Business Setup.

7 Tips On Reading Balance Sheet of Companies | Alya Auditors There is no doubt that any business, big or small has to find out where exactly they stay as their finances are concerned. All of us start businesses with the main objective of making decent profit and would be keen to show a bottom line which is healthy. Towards this objective having the right acco...

Accounting,Auditing,VAT & Company Formation in Dubai

CEOs Guide to Choosing Accounting Services in UAE | Alya Auditors When making the decision for what type of team or service provider should handle the company accounting services, the CEO or owner needs to keep an eye on many factors—some of which may not always be in agreement. To ensure an efficient, effective and profitable future, everything from service qua...

Auditing,Accounting,Chartered Accountants & VAT in Dubai,UAE

'Knowledge of various legal jurisdictions must for auditors' in UAE
https://alyaauditors.com/knowledge-of-various-legal-jurisdictions-for-auditors-in-uae/

How Long Should You Keep Business Records in UAE? | Alya Auditors The Internal Revenue Service has established some basic record-keeping rules for tax documents. Outside the tax arena, there’s remarkably little guidance about how long you should keep business paperwork. Most lawyers, accountants and bookkeeping services recommend keeping original documents for a...

Auditing,Accounting & VAT/TAX in UAE

Economic Substance Regulations in UAE | Alya Auditors The United Arab Emirates (UAE) released the Cabinet of Ministers Resolution n. 31/2019 with effect from 30 April 2019, concerning the Regulations for Economic Substance (ES) in the UAE. ... Essentially, the economic substance test is based on the three common key pillars that ...

Auditing,Accounting & VAT Consultants in Dubai,UAE

VAT Expert in Dubai, UAE |FTA's warning over VAT scam in UAE | Get Registered with UAEVATExpert.Ae to help you with VAT registration, Taxation, Company Incorporation, Account Audits and financial advisory. Contact Now!

Auditing,Accounting & VAT/TAX in UAE

Paying taxes in GCC | Alya Auditors Paying taxes in GCC easier than most countries Taxes in the GCC are also among the least globally. The Gulf Cooperation Council (GCC) states offers more conducive environment to pay taxes as compared to most of the countries around the world where the taxation regime exists for a long time. Accordin...

Accounting,Auditing,VAT,Business Setup in Dubai,UAE

FTA VAT Public Clarification Time-frame for recovering Input Tax VATP017 | Alya Auditors Article 55 of the Federal Decree-Law No. 8 of 2017 on Value Added Tax (“VAT Law”) prescribes the time-period within which input tax should be recovered by a taxable person. This Public Clarification clarifies the FTA’s position relating to the interpretation of Article 55 of the VAT Law and di...