Latest Articles
Corporate tax planning and role of financial accountants
Corporate tax planning is a strategic process through which companies minimize the tax liabilities utilizing various legal and ethical methods to manage their financial affairs. Tax planning helps companies to
UAE Corporate tax and implications on financial statements
It is a mandatory requirement for all the UAE registered companies to maintain proper books of account. Each jurisdiction emphasizes financial transparency and accountability through its financial reporting requirements, including
September 28, 2023
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UAE Corporate Tax and External Audit
Over the past few years, the United Arab Emirates has emerged as a leading regional business hub, and it has attracted both local as well as global investors. There are
September 26, 2023
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Preparing UAE Businesses for Corporate Tax: Insights from Rethink’s Senior Director – Finance and Tax
Rethink’s Senior Director – Finance and Tax, Neil Guthrie, appeared on the Dubai Eye 103.8 Business Breakfast and on Dubai 1 TV on Tuesday, 30th May to talk about how prepared
RE/THINK – We Are Expanding!
Since 2014, we have supported regulated entities as well as small and medium-sized enterprises and assisting them to “Re/think the way they do business”. Entering our sixth year of operation in
March 29, 2023
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Ministry of Finance confirms the threshold of AED 375,000
Businesses are subject to UAE Corporate Tax beginning from the financial year starting on or after 01st June 2023. As per Article 3 of UAE Corporate Tax Law, the Corporate Tax
What does the new VAT update on Directors’ remuneration mean to you?
The Federal Tax Authority (FTA) recently published a Public Clarification VATP031 on the treatment of the services of a member of a Board of Directors (hereafter referred to as “Director”)
UAE Corporate Tax Update – Corporate Tax Law published by the FTA
On 31 January 2022, the UAE Ministry of Finance (MOF) announced the introduction of Federal Corporate Tax (CT) on business profits effective for financial years starting on or after 01
UAE Corporate Tax – Impact on transactions with connected persons
On 31 January 2022, the UAE Ministry of Finance (MOF) announced the introduction of Federal Corporate Tax (CT) on business profits effective for financial years starting on or after 01
UAE Corporate Tax Update – Impact on Free Zone businesses
On 31 January 2022, the Ministry of Finance (MOF) announced that the United Arab Emirates (UAE) will introduce a Federal Corporate Tax (CT) on business profits effective for financial years
UAE Corporate Tax Update — Stop and Rethink on the decision to Tax Group under the UAE Corporate Tax
On 31 January 2022, the UAE Ministry of Finance (MOF) announced the introduction of Federal Corporate Tax (CT) on business profits effective for financial years starting on or after 01
UAE ESR Update: ESR Audit — What Process?
With the issuance of the new Cabinet Resolution No. 57 of 2020 concerning Economic Substance Requirements (“Regulations”) on 10 August 2020, the Federal Tax Authority (“the FTA”) was appointed as
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