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FTA Portal Access Transitioning to UAE Pass

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Important Announcement: FTA Portal Access Transitioning to UAE Pass As of September 30, 2024, an important transition will be taking place regarding access to the Federal Tax Authority (FTA) portal. Moving forward, users will exclusively access the FTA portal through the UAE Pass authentication system. This significant change aims to…

Unlocking the Potential: Understanding the Essentials of ESR Audit

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In today’s business world, it’s important to follow certain rules. ESR (Economic Substance Regulations) audits are one such rule. Let’s talk about what ESR audits are and how to get ready for them. What Are Economic Substance Regulations (ESR)? ESR rules are there to make sure that companies are doing…

The Application of the core principle in IFRS 15. To ensure the compliance with federal decree law

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The Application of the core principle in IFRS 15. To ensure the compliance with federal decree law Ensuring compliance with Federal Decree No. 47 of 2022 for corporate taxation relies heavily on following IFRS guidelines. When it comes to recognizing Revenue from Contracts with Customers, it’s crucial to follow the…

Streamlining Tax Certificate Issuance by UAE Federal Tax Authority

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Streamlining Tax Certificate Issuance by UAE Federal Tax Authority In an effort to enhance efficiency and service delivery, the UAE Federal Tax Authority (FTA) has expedited the processing time for issuing tax certificates. Enhancing Efficiency for Tax Certificate Issuance The FTA has implemented measures to accelerate the processing time for…

Corporate Tax: Obligations for Exempt Entities

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Corporate Tax: Obligations for Exempt Entities Individuals or organizations eligible for corporate tax exemptions, referred to as exempt entities, must adhere to specific registration and record-keeping requirements to uphold compliance with tax regulations. Despite benefiting from certain tax advantages, it is essential for exempt individuals or entities to fulfill their…

UAE Ready to Depart from FATF Greylist

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Comprehending AML/CFT Measures: UAE Ready to Depart from FATF Greylist Great news resonates throughout the United Arab Emirates! On February 23rd, 2024, there’s anticipation that the UAE will bid farewell to the Financial Action Task Force’s (FATF) grey list. This marks a momentous triumph in the UAE’s relentless battle against money laundering…

Top 10 Accounting Firms in Dubai

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Introduction Embark on a journey through the financial landscape of Dubai as we explore the significance of choosing the right accounting firm. In this article, discover why Nufca stands out as a pioneer among the top 10 accounting firms in Dubai. The Importance of Choosing the Right Accounting Firm In…

Hamriya Free Zone Approved Auditors: Your Path to Financial Compliance and Excellence

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Introduction Embark on a journey through the intricacies of auditing in the Hamriya Free Zone with Nufca. This article sheds light on the regulatory landscape and positions Nufca as your go-to partner for impeccable auditing services. Understanding Hamriya Free Zone and Its Regulations Hamriyah Free Zone (HFZ) in Dubai is…

DAFZA Approved Auditors: Your Financial Assurance.

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Introduction Embark on a journey into the world of auditing excellence with Nufca, your trusted partner for navigating the intricacies of DAFZA. This article unfolds the significance of DAFZA approval and positions Nufca as your go-to accredited auditors. Unraveling DAFZA: A Hub for Business Excellence Overview of DAFZA Businesses contemplating…

Payroll Outsourcing in Dubai

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Unlocking the Benefits of Payroll Outsourcing in Dubai Thriving in Dubai’s competitive business landscape demands strategic choices. An increasingly favored decision is “Payroll Outsourcing.” This involves delegating payroll responsibilities to external experts. Exploring the intricacies of this approach reveals how it can revolutionize business operations in Dubai. Outsourcing payroll can…

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