Ghulam Farid is EZONE's Finance Manager, overseeing corporate tax, VAT and financial compliance guidance for UAE company formations.
Introduction of VAT On January 1, 2018, the introduction of VAT brought in a new era of economic change in the taxation system in the UAE. Since then, the companies operating in the GCC (Gulf Cooperation Council) have been subject to VAT provisions. With the establishment of VAT, the Federal Tax Authority (FTA) has generated […]
Introduction to Corporate Tax Law Regarding business, one of the most important factors to consider is taxes. How much do you have to pay? What are the rules and regulations? What are the compliance requirements? These are some of the questions that business owners need to ask when they are looking at a new market. […]
Introduction: UBO Resolution To create a safer and more financially sound environment for businesses, a new cabinet resolution, also known as the UBO Resolution, came into place on August 28, 2020, regulating the reporting and registration of the Ultimate Beneficial Owners (UBOs). The new resolution has been created following the Anti-Money Laundering and Anti-Terrorist Financial […]
Why implement ESR? On April 30, 2019, the UAE authorities enacted the Economic Substance Regulations (ESR) as a strong commitment to comply with the EU requirements of being removed from the EU’s list of “non-cooperative” tax jurisdictions. The government’s initiative to take this action highlights the nation’s strong efforts to protect companies against unsafe taxation […]
