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DUBAI’S EXTERNAL TRADE GROWTH REPORT

  • March 19, 2020
  • by Admin
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DUBAI’S EXTERNAL TRADE GROWTH REPORT Dubai has set the trade target for year 2025: Dh2 trillion. Despite headwinds from an intensified global economic downturn, the 2019 have intensively contributed towards significant growth and brought the emirate closer to the desired…

ATTENTION! To all RAKEZ Registered Companies

  • March 8, 2020
  • by Admin
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  Attention all Companies licensed under Ras Al Khaimah Economic Zone (RAKEZ), please be informed that you are required to submit Audited Financial Statements by June 30, 2020. Failure to submit the required audited financial statements will result in a…

VAT Non-compliance Would Attract Fines of up to Dh50,000

  • March 4, 2020
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VAT Non-compliance Would Attract Fines of up to Dh50,000 It has been more than two years since the UAE levied 5% value-added tax on goods and services. VAT was introduced for the first time in the country, and a number…

What is Expo 2020 Dubai
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What is Expo 2020 Dubai

  • February 12, 2019
  • by Admin
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Dubai will be hosting for the World Expo 2020. It will be a 173 days event, where each participant are expected to be brimming new experiences. It will be a time to recreate, collaborate, innovate and have fun! Dubai is coming…

IFRS 16 CONTRACT LEASES
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IFRS 16 CONTRACT LEASES

  • December 31, 2018
  • by Admin
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In line with our commitment to comply with the IFRS 16 updates, Asad Abbas & Co. (Chartered Accountants) has conducted training for its highly qualified accountants and auditors on the 30th December 2018, just right after the seminar held and…

IFRS 16
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IFRS 16

  • December 16, 2018
  • by Admin
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Asad Abbas & Co. (Chartered Accountants) ensures that all its highly qualified accountants and auditors are well equipped with this new regulation. IFRS 16, Effective January 1,  2019, will kick off and it is required, that all businesses comply with…

Establish your Company in Dubai
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Establish your Company in Dubai

  • November 29, 2018
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Do you have a business idea but don’t have any idea about the rules and regulations in the United Arab Emirates? Asad Abbas & Co. (Chartered Accountants) will help you with all the advisory and we will cover everything you…

INVESTING IN UAE
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INVESTING IN UAE

  • October 25, 2018
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The UAE offers incoming business with all the advantages of a highly developed economy, and with opportunities booming in the world of business today, International Companies seeking to establish a business in Dubai, have a host of alternatives.

Financial Reporting
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Financial Reporting

  • October 12, 2018
  • by Admin
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Financial statements may be used by different stakeholders for a multitude of purposes. Owners and managers require financial statements to make important business decisions affecting its continued operations. Financial analysis is then performed on these statements, providing management with a more…

Financial Statements
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Financial Statements

  • October 11, 2018
  • by Admin
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Financial statements are prepared according to agreed upon guidelines. In order to understand these guidelines, it helps to understand the objectives of financial reporting. The objectives of financial reporting, as discussed in the Financial Accounting Standards Board (FASB) Statement of…

SAVE ON TAXES
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SAVE ON TAXES

  • September 11, 2018
  • by Admin
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Value Added Tax (VAT) is a tax on consumption levied in the United Arab Emirates by the National Government. It was introduced on January 1, 2018. It is administered and collected by The Federal Tax Authority, primarily through the Federal…

ACCOUNTING 1 ON 1
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ACCOUNTING 1 ON 1

  • August 11, 2018
  • by Admin
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Financial statements are prepared according to agreed upon guidelines. In order to understand these guidelines, it helps to understand the objectives of financial reporting. The objectives of financial reporting, as discussed in the Financial Accounting standards Board (FASB) Statement of…

PROPER INVOICE INFO
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PROPER INVOICE INFO

  • September 11, 2017
  • by Admin
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Financial statements are prepared according to agreed upon guidelines. In order to understand these guidelines, it helps to understand the objectives of financial reporting. The objectives of financial reporting, as discussed in the Financial Accounting standards Board (FASB) Statement of…

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