Forging ahead with MBG
Your Guide to the New UAE Corporate Governance Code
The Securities and Commodities Authority (SCA) of the United Arab Emirates (UAE) has recently implemented significant changes to the existing corporate governance rules. These changes, outlined in SCA's Board of Directors Decision no. (2/R.M) of 2024 (the "Amendment Decision"), serve to improve transparency, accountability, and overall best practices for listed companies in the UAE.
IFRS 16 – Lease: Implications & Implementation
IFRS 16, also known as the International Financial Reporting Standard 16, fundamentally changes the accounting treatment of leases for lessees. Prior to its implementation, leases were often classified as either operating leases or finance leases, with only finance leases being recognized on the balance sheet.
FTA Tax Audits: A Guide for the UAE Insurance Sector
Since the introduction of VAT in the UAE on January 1st, 2018, the insurance sector has faced a complex landscape of regulations. While life insurance is generally exempt, other insurance products like medical and general policies are subject to 5% VAT. This blog post aims to equip you with the knowledge to navigate VAT compliance and potential FTA audits in the UAE insurance sector.
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Managing Partner Victor Dream Properties
4 个月Thanks for sharing