by SZ Chartered Accountants | Nov 13, 2024 | Latest Publications
A tiebreaker clause is a provision in a DoubleTaxTreaty (DTT) that serves as the criteria to ascertain an individual’s tax residency when one has, for instance, places of residence in both countries, or economic interests in both countries, or spends time in...
by SZ Chartered Accountants | Nov 13, 2024 | Latest Publications
UAE Corporate Tax Guide 2024 on Investment Funds: What are investment funds? Investment funds invest funds received from investors on a collective basis in accordance with a defined investment policy. In return, investors share in the profits of the investment fund....
by SZ Chartered Accountants | Nov 13, 2024 | Latest Publications
Taxation of Natural Persons in UAE: The Federal Tax Authority (FTA) has issued a guide in December 2023 explaining the impacts of Corporate Tax Registration requirements for a natural person. These are summarily addressed as under: 1. Key Concepts Relevant in the...
by SZ Chartered Accountants | Nov 13, 2024 | Latest Publications
On 5 June 2024, the Federal Tax Authority (FTA) emphasized and clarified the deadlines for submitting UAE Corporate Tax Registration application for certain types of Persons regardless of the year their license was issued to avoid violation of tax law. 01. FTA’s...
by SZ Chartered Accountants | Nov 13, 2024 | Latest Publications
IFRS 18: Presentation and Disclosure in Financial Statements Why was IFRS 18 “Presentation and Disclosure in Financial Statements” issued in the first place when we already had IAS 1 Presentation of Financial Statements? The International Accounting Standards Board...
by SZ Chartered Accountants | Nov 13, 2024 | Events Conferences, Latest Publications
The ISA for LCE is a standalone global auditing standard designed specifically for smaller and less complex businesses. It is standalone standard that is proportionate and tailored to the specific needs of an audit of less complex entities, which makes it easier to...