Category Archives: Taxation

AML Compliance for Precious Metal and Stone Dealers in UAE

AML Compliance for Precious Metal and Stone Dealers in UAE

About Dealers in Precious Metals and Stones Report (DPMSR) The Ministry of Economy issued Circular No. 08/AML/2021 dated 02 June 2021, which introduces a new requirement for dealers involved in the trade of Precious Metals and Stones. This circular mandates the registration of specific transactions, including cash transactions or transactions conducted through wire transfers (for […]

UAE: Bad Debt Relief

Article (64) – Adjustments of Bad Debts under UAE VAT Law The VAT Law makes provisions for a bad debt write-off and discount of output tax paid on a supply for which consideration has not been received, either fully or in part after 6 months from the date of the supply. Certain conditions must be […]

The Real Estate Activity Report – A Comprehensive Analysis

Real Estate Activity Report (REAR)

Attention UAE Real Estate Experts! Stay Informed on the Mandatory Real Estate Activity Report. Our Comprehensive Article Covers Everything You Need to Know.