Category: HLB Monthly Insights
Monthly Tax insights and updates – February 2023
March 9, 2023
The month of February brings a new wave of tax and compliance updates that businesses need to be aware of. From the news on GCC regions to updates in compliance regulations, HLB HAMT’s tax and compliance experts have got you covered.
Keep reading for the latest insights and updates to ensure your business stays ahead of the game.
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Monthly Tax insights and updates – January 2023
February 14, 2023
The wait is over; the tax authority has officially started corporate tax registration for a certain type UAE-based corporation.
HLB HAMT presents the January edition of tax insights from our specialists on corporate tax law, evolving tax regulatory reforms, and how they impact businesses across the country.
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Monthly Tax insights and updates – December 2022
January 16, 2023
Phone:- +971 4 327 7775
Mobile:- +971 50 677 5860
WhatsApp:- +971 56 219 1607
Email:- dubai@hlbhamt.com
Described as a historic step in the UAE’s tax history, the introduction of the corporate tax law is one of the leading hot topics for the month of December.
HLB HAMT presents the December edition of tax insights from our specialists on corporate tax law, evolving tax regulatory reforms, and how they impact businesses across the country.
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Monthly Tax insights and updates – November 2022
December 8, 2022
Phone:- +971 4 327 7775
Mobile:- +971 50 677 5860
WhatsApp:- +971 56 219 1607
Email:- dubai@hlbhamt.com
The November edition of HLB HAMT’s Monthly Tax Insights is jam-packed with updated information about tax-related matters in the UAE and the GCC region.
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Monthly Tax insights and updates – October 2022
November 9, 2022
Phone:- +971 4 327 7775
Mobile:- +971 50 677 5860
WhatsApp:- +971 56 219 1607
Email:- dubai@hlbhamt.com
Discover HLB HAMT’s monthly insights and updates across tax-related matters that will help you stay current on developments. The information provided will help you see opportunities and make assertive, strong decisions.
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Monthly Tax insights and updates – September 2022
Insights & Updates September 2022
October 4, 2022
Phone:- +971 4 327 7775
Mobile:- +971 50 677 5860
WhatsApp:- +971 56 219 1607
Email:- dubai@hlbhamt.com
You can read the most latest news developments affecting tax-related issues in the United Arab Emirates and around the Middle East Region in our edition of HLB HAMT’s Monthly Tax Insights.
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Recognizing Your Risk Indemnity for Professional Services
HLB News Team

In recent years, professional risks have significantly evolved with the regulatory environment. Professional indemnity insurance, also known as professional liability insurance or PI insurance, pays for your defence’s legal fees as well as any penalties or charges that may be imposed if it is claimed that you gave your client poor advice, services, or designs that resulted in financial loss.
A legal firm or other service providers may benefit from professional indemnity insurance to protect them from lawsuits and pay the expense of defending themselves against allegations of mistakes, malpractice, or carelessness on their part. Broadly speaking, professional indemnity insurance must be kept in force for the full duration of any limitation term, which in the UAE is 10 years.
What steps may businesses take to Mitigate Risk?
Let’s delve into some of the few steps to reduce your Professional Indemnity risk, including:
- Preventing copyright violations
It’s ideal to produce your own intellectual property rather than copying anything from the web, therefore be cautious not to get into trouble for doing so. - Data encryption is a must
Watch out for employees who bring their personal gadgets to work. When users are able to access to the Wi-Fi, laptops, phones, and tablets might carry malware that infect your network. - Safeguarding against data theft
All antivirus and anti-malware software should be updated. - Employee misconduct
- You run the risk of losing client data and information or misusing intellectual property, endangering both your customers and your own firm.
- Any information or work data on workplace computers and other devices should be treated with extreme caution. Tell your personnel to be cautious about leaving their laptops in public areas.
- Ensure that employees are informed of the risks associated with downloading applications from the internet. Avoid allowing staff to install new software on workplace computers.
Bottom Line
Professional Indemnity presently carries substantial and sophisticated risks, and has been dubbed “the products liability of the service industry.” Businesses that consider their vulnerabilities as being product or industry focused might be amazed to learn that outsourcing, internet sales, and intellectual property difficulties might position them to professional risks.
It takes a lot of professional inspection to detect and estimate your risks. To obtain maximum protection, firms should assess their risk from a number of perspectives and work with lawyers, economists, and actuaries.
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Cloud Native Apps: The New Avatars to Gain Momentum
HLB News Team

The emergence of cloud computing altered business practices by enabling greater access to apps hosted in the cloud at an affordable cost and with quicker usability. The new avatars, cloud-native apps, dramatically change how applications are created, hosted, and accessible while providing flexibility and increasing efficiencies.
Most businesses are making the switch to cloud-native technology as they see its enormous possibilities. A company’s approach to design, development and use must evolve to compete successfully in fast-moving, application-managed marketplaces.
What exactly are cloud-native apps?
Applications built for the cloud are made up of a number of tiny, unrelated, and loosely linked services. They are made to provide well-known commercial benefits, such as the capacity to quickly integrate customer feedback into ongoing development.
The process of generating and upgrading applications fast while enhancing the quality and lowering risk is known as cloud-native development. It is a method for accelerating the creation of new apps, the optimization of current ones, and the integration of all of them. Delivering apps that customers demand at a rate that businesses require is its objective.
Let’s examine some of these applications’ key features:
- Microservices: They divide a program into several separate services or modules. Each of these services makes use of its own data and promotes a specific corporate objective.
- DevOps: A mindset, automated, and infrastructure design strategy called DevOps aims to enhance corporate reputation and efficiency.
- Container-based: A sort of software called a container separates an application conceptually so that it can operate independently of physical resources.
- Application programming interfaces (APIs): Microservices and containers are connected through APIs, which also simplify safety and service.
Applications that are cloud-native have become more popular recently and are expected to dominate software development in the coming years. If your organization is in the finance, medical, or telecommunications industries, such apps can be the core of your business model. So, the evolving business necessitates the creation and delivery of new apps more quickly for consumers who have grown to demand a better standard.
Businesses use cloud technology to improve the flexibility and accessibility of their apps. In order to offer a uniform development and automated management experience across private, public, and hybrid clouds, an app must be “cloud-native.”
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Monthly Tax insights and updates – August 2022
September 9, 2022
Phone:- +971 4 327 7775
Mobile:- +971 50 677 5860
WhatsApp:- +971 56 219 1607
Email:- dubai@hlbhamt.com
You can read the most latest news developments affecting tax-related issues in the United Arab Emirates and around the Middle East Region in our August 2022 edition of HLB HAMT’s Monthly Tax Insights.
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Monthly Tax insights and updates – July 2022
August 9, 2022
Phone:- +971 4 327 7775
Mobile:- +971 50 677 5860
WhatsApp:- +971 56 219 1607
Email:- dubai@hlbhamt.com
You can read the most latest news developments affecting tax-related issues in the United Arab Emirates and around the Middle East Region in our July 2022 edition of HLB HAMT’s Monthly Tax Insights.
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