The UAE Federal Tax Authority (FTA) recently announced that the Reconsideration requests service is available to the tax registrants on their e-service portal from 19th November 2021. Earlier, the said service was available on the FTA’s website under the “E-from” section. This is a welcomed initiative that will improve the efficiency of the reconsideration process. We […]
President His Highness Sheikh Khalifa bin Zayed Al Nahyan has issued Federal Decree-Law No 33 of 2021, regulating labour relations which comes into effect from February 2, 2022. The law will apply to all establishments, employers and workers in the country’s private sector. Attracting talent and efficiency forward Dr Abdul Rahman Al Awar, Minister of […]
The Abu Dhabi Global Market (ADGM) and the Ministry of Finance (MOF) have recently updated their dedicated ESR webpages with *new* FAQs sections. Key takeaways from the FAQs sections: Does ESR apply to Foundations and Trusts? Both ADGM and MOF recently confirmed that Trusts and Foundations may fall within scope of ESR should they be […]
Under the directives of His Highness Sheikh Mohammed bin Rashid Al Maktoum, Vice President and Prime Minister of the UAE and Ruler of Dubai, His Highness Sheikh Maktoum bin Mohammed bin Rashid Al Maktoum, Deputy Ruler of Dubai, Deputy Prime Minister and Minister of Finance and Chairman of the Dubai Securities and Exchange Higher Committee, […]
Creating an ecosystem for innovative firms to thrive in the UAE is a key priority, the regulator says The Dubai Financial Services Authority, the regulator of the emirate’s financial centre, the Dubai International Financial Centre, unveiled its regulatory framework overseeing digital assets. The framework reflects the proposed regulations outlined in its consultation paper issued earlier […]
The UAE Federal Tax Authority (FTA) recently released a guide on linking the Tax Registration Number (TRN) with the Customs Registration Number (CRN). WHAT’S NEW? The guide provides the below two options for linking TRN with CRN. Option 1 VAT registrants can update CRN in its profile on the FTA’s e-service portal. Multiple CRNs can […]
Last night, Re/think was recognized as the ‘Best Compliance / Regtech Solution Firm MENA’ at the WealthBriefing MENA Awards 2021. It is the second time that the firm is the recipient of the award. The Wealthbriefing awards recognize ‘best of breed’ companies, teams, and individuals in the global private banking, wealth management, and trusted advisor communities. Gail-Johnson Goring, […]
The UAE Cabinet issued Federal Decree-Law No. 28 of 2021 on 16 September 2021 that amends some of the provisions of Federal Law No. 7 of 2017 on Tax Procedures (Tax Procedures Law). The amendments are effective from 1st November 2021. WHAT’S NEW? I. Extended timeline The timeline has been increased from 20 to 40 […]
The Federal Tax Authority (FTA) recently updated the list of Designated Zones (DZ) in the UAE by adding one DZ and excluding three DZs from the existing list of DZs. The UAE Cabinet has issued Decision Number 88 of 2021 to amend Article 51 of the UAE VAT Executive Regulations to be effective from 30th […]
Episode 3 – Hiring a CFO – What you Should Expect The Interim CFO’s engagement takes advantage of the years of experience that individual brings with them, however, for the engagement to be successful the CFO must understand the business, the goals and dreams of the business owner in detail. Furthermore, the cultural fit between […]
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