Articles

Automating Reverse Charge Accounting
Automating Reverse Charge Accounting
Balaji on 06 April 2020
Reverse Charge VATmight sound complicated and bureaucratic, but in reality, itprovides a significant cash flow relief for importers of goods. It will also make ..
Economic Substance Regulation (ESR)  Application
Economic Substance Regulation (ESR) Application
Muhammad Faraz Farooqui on 04 April 2020
Overview Economic Substance Regulation (ESR) has been introduced by, Organization for Economic Cooperation and Development (OECD) with the following motive a..
Mistakes Businesses Can Make Related to VAT and their Penalties
Mistakes Businesses Can Make Related to VAT and their Penalties
Mohammad Ali on 02 April 2020
Government authorities in UAE mandate businesses operating in the country to comply fully with tax regulations. Businesses that are struggling in matters relate..
ARE YOU REVIEWING AND FILING YOUR VAT RETURNS CORRECTLY?
UAE
ARE YOU REVIEWING AND FILING YOUR VAT RETURNS CORRECTLY?
Gaurav Shivhare on 01 April 2020
ARE YOU REVIEWING AND FILING YOUR UAE VAT RETURNS CORRECTLY? Often taxpayers misunderstand the concept of reviewing and filing VAT returns. There is a no..
Scanning of the Tax Administrations and changes in their Organizational Structures
Scanning of the Tax Administrations and changes in their Organizational Structures
Alfredo Collosa on 30 March 2020
The purpose of the present article is to comment on how digitalization is already affecting aspects related to the structure of tax administrations (TAs) and al..
Who is behind all this? The beneficial owner
Others
Who is behind all this? The beneficial owner
Pablo Porporatto on 30 March 2020
Introduction In these past years, with the development of global standards, transparency and the exchange of information for tax purposes (EOI) have acquired..
The Rising importance of investing in your tax function
The Rising importance of investing in your tax function
Ektaa Kumar on 29 March 2020
As globalisation accelerates, Tax issues have become all the more complex and relevant to an organisations business and commercial strategy. Simultaneously, com..
Transfer of real estate property for equity share (Capital Contribution)
KSA
Transfer of real estate property for equity share (Capital Contribution)
Lijo Philip (LP) on 28 March 2020
Transfer of real estate property for equity share (capital contribution) Transaction Mr. Ahmed wishes to invest and transfer a real estate property to..
VAT on the Recovery of Salik: A Dilemma between Reimbursement and Disbursement
VAT on the Recovery of Salik: A Dilemma between Reimbursement and Disbursement
Geet Shah on 27 March 2020
The levying of a toll or a fee for access to a road or a bridge is a practice that has existed since antiquity. Over time, the collection of such tolls advanced..
Disbursement v Reimbursement :  A Case Study
UAE
Disbursement v Reimbursement : A Case Study
SAJITH NAIR on 26 March 2020
Disbursement v Reimbursement A Case Study The following practical scenario was posed to me by an esteemed colleague who asked me to give my view on VAT impa..

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