New Guidelines Issued for Currency Conversion in Corporate Tax Calculations

HLB HAMT News Team

image

HLB HAMT - Accounting Firm in UAE

Phone:- +971 4 327 7775
Mobile:- +971 50 677 5860
WhatsApp:- +971 56 219 1607
Email:- dubai@hlbhamt.com

    Schedule a Consultation




    In a move aimed at enhancing transparency and consistency in Corporate Tax calculations, the authorities have issued new guidelines regarding the conversion of amounts quantified in a currency other than the United Arab Emirates Dirham (AED). These guidelines, outlined in a recent decision, have been introduced to provide clarity and consistency in tax compliance.

    The decision, titled “Determination of Conditions for Conversion of Amounts Quantified in a Currency other than the United Arab Emirates Dirham for the Purposes of the Federal Decree Law No. 47 of 2022 on the Taxation of Corporations and Businesses,” introduces a set of conditions to ensure that taxable entities accurately convert foreign currency amounts into AED when calculating their corporate tax obligations.

    Conditions for Currency Conversion

    The guideline outlines the conditions for converting foreign currency amounts into AED for the purpose of calculating Corporate Tax. Here are the key conditions:

    1. Conversion Order: Taxable entities are required to convert foreign currency amounts to AED in a specific order:
      • Firstly, use the spot rate published by the Central Bank of the UAE as of the transaction date if their accounting system allows for this method.
      • If the spot rate isn’t practical, the decision permits the use of the average monthly exchange rate published by the Central Bank, provided it offers a reasonably accurate estimate of the Corporate Tax payable.
      • In cases where both spot and monthly rates are impractical, the decision allows for the use of the average annual exchange rate published by the Central Bank of the UAE.
    2. Continuous Conversion: Taxable entities must consistently apply their chosen currency conversion method throughout the entire tax period.
    3. Detailed Record-keeping: A vital aspect of compliance is maintaining comprehensive records. Taxable entities are obligated to document the rationale behind their choice of currency conversion method, the rates used, and the mechanisms applied in all currency conversion transactions.
    4. Changes in Method: Should a taxable entity decide to change its currency conversion method within a tax period, it must maintain detailed records explaining the reason for this change.

    Invalidation of Conflicting Provisions

    Article 3 of the decision unequivocally states that any provisions conflicting with or contradicting these newly established guidelines will be invalidated. This ensures that the guidelines are uniformly applied throughout the UAE’s Corporate Tax landscape.

    Implementation Date

    The decision will come into effect on June 1, 2023, as stated in Article 4. It will be published in the Official Gazette, serving as official notice to all affected parties.

    These guidelines represent a crucial step towards streamlining Corporate Tax compliance in the UAE and providing clarity to businesses operating in the country. Taxable entities are encouraged to review and adapt their practices accordingly to ensure compliance with these newly issued regulations.

    Call our experts at +971 4 327 7775 for any related queries or assistance regarding tax compliance or send an email tax@hlbhamt.com to arrange an appointment. We are available to guide you through the complexity of tax regulations.

     

     

    Would you like to rate us on Google?         

     

    Varun R Chandra
    Varun R Chandra
    07:38 25 Apr 21
    HLB Hamt is highly recommended! They have the quality of services that would satisfy your needs. I'm glad I found them.
    Giuseppe Assi
    Giuseppe Assi
    06:20 31 Jan 21
    I HAD A GOOD EXPERIENCE WITH HLB HAMT DUBAI. THEY HAVE A VERY PROFESSIONAL TEAM, GOOD QUALITY OF SERVICES, GOOD VALUE... FOR PRICE.I RECOMMEND THIS COMPANY.read more
    Mohamed Sheriff
    Mohamed Sheriff
    16:16 28 Jun 20
    Experience with HLB Hamt in audit experience is great pleasure. They deploy well qualified accounts team for audits.... And the amount of checking they perform give the management of the company confidence that internal controls are well in place. We are glad to see they have high standard of audit practices.read more
    218141 JOSEPH THOMAS
    218141 JOSEPH THOMAS
    16:20 23 Jun 20
    Professionally managed firm with commitment to the engagements taken. My company and its group are assigning our... requirements for last 12 years to HLB and we don’t have any negative remarks on any assignments.read more
    PMI
    PMI
    07:14 23 Jun 20
    In my opinion, HLB Hamt is one of the best professional firms in UAE after big4. Excellent client service, professional... and competent staff and timely delivery are their strength. Over the years they have developed the infrastructure and skill set to handle multiple verticals ie, audit, tax services, consulting, IT support etc.Wishing HLB Hamt team all the very best.read more
    RAVI CHOKSI
    RAVI CHOKSI
    08:28 21 Jun 20
    Thank you Team HLB hamt...Your internal auditing team put the good amount of time and inputs in helping the... organisation making considerable improvements throughout the organisational working structure and helps in building the better business.Thanks.read more
    Maharajan Subramaniam
    Maharajan Subramaniam
    18:17 06 Jun 20
    High-Performing IT Teams, I'm impressed with the knowledge level of their deputed staff, audit procedures, and... checklist adopted. Mr. Vimal especially understand the requirement and provide solution not only technical feasibility and also considered budgeting. We’re confident in their abilities.read more
    Mohammed L
    Mohammed L
    08:07 05 Jun 20
    We have been working closely with them on payroll services for quite sometime.They provide very professional... services,experts in domain and excellent support. Would recommend them.Cheers.read more
    ROY ROSHAN VIVIAN
    ROY ROSHAN VIVIAN
    06:32 04 Jun 20
    Very professional team. Vimal has always given us good solution advice for various Software and IT Infra projects. We... are very Extremely satisfied working with him and his team. Wishing them success.read more
    Basil Daniells
    Basil Daniells
    05:55 03 Jun 20
    I have worked with HLB as a partner of Sage for about 2 years, they were dedicated to the success of the partnership... and kept aligned with the business plan that was agreed between our two companies. They are always ready to go the extra mile for a customer and don’t shy away from challenging circumstances. Keep up the good work and wish you all the success in the future.read more
    Amar Kashyap
    Amar Kashyap
    19:28 02 Jun 20
    Team of well qualified and organised professionals. Their reports are not based on numbers first they will understand... their client and their business. They are highly recommended and trust worthy.read more
    Radz de Jesus
    Radz de Jesus
    16:03 02 Jun 20
    We're glad to have found HLB Hamt to conduct the IT audit and risk assessment for our organization. We have learned a... lot from their team during that first project. And since then, we've continued to be in touch with them. Mr. Vimal especially is very good at presenting technical concepts in simple yet interesting ways that non-IT and business people alike would easily catch. We are very happy with the professionalism and quality of service they provide. They leave their clients nothing short of satisfied. Highly recommended.read more
    Next Reviews
    js_loader

    Tax Audit Alert: FTA Implements Unannounced Audits with Strict Penalties

    HLB HAMT News Team

    image

    HLB HAMT - Accounting Firm in UAE

    Phone:- +971 4 327 7775
    Mobile:- +971 50 677 5860
    WhatsApp:- +971 56 219 1607
    Email:- dubai@hlbhamt.com

      Schedule a Consultation




      In a significant development in the world of taxation, the United Arab Emirates’s tax law allows the tax administration to conduct tax audits for some companies without prior notification. This will leave businesses and individuals alike on high alert, as the consequences of non-compliance have never been more severe.

      Tax Audits Without Prior Notification

      The Federal Tax Authority (FTA) holds the power to conduct these audits without prior notice, making it crucial for business owners to be informed and prepared. In this informative journey, we will explore the consequences of non-compliance and provide you with the knowledge you need to protect your business.

      Understanding the Implications

      Under the tax law, anyone found guilty of the following actions may face imprisonment and fines with penalties not exceeding one million dirhams, or either of these two penalties:

      • Intentional Submission of False Information

        Providing incorrect data, false information, or incorrect documents to the Authority.

      • Concealing or Destroying Documents

        Deliberately hiding or destroying documents, data, information, or materials that you are obligated to provide to the Authority.

      • Misuse of Authority Documents

        Stealing, misusing, or causing the destruction of documents or materials in the possession of the Authority.

      • Obstructing Authority’s Employees

        Intentionally preventing or obstructing the authority’s employees from carrying out their duties.

      Penalties for Tax Evasion

      If any of the above acts result in tax evasion, facilitation, or concealment, the penalties can be severe.

      • Imprisonment
      • A fine not less than the amount of tax evaded and not exceeding three times it, or by one of these two penalties.

      Don’t risk your business and financial stability. Stay compliant, keep your records accurate, and ensure you are ready for any tax audit.

      For any related queries or assistance on tax compliance, call our experts at +971 4 327 7775 or email tax@hlbhamt.com to schedule a meeting. We are here to help you navigate the complexities of tax regulations.

       

       

      Would you like to rate us on Google?         

       

      Varun R Chandra
      Varun R Chandra
      07:38 25 Apr 21
      HLB Hamt is highly recommended! They have the quality of services that would satisfy your needs. I'm glad I found them.
      Giuseppe Assi
      Giuseppe Assi
      06:20 31 Jan 21
      I HAD A GOOD EXPERIENCE WITH HLB HAMT DUBAI. THEY HAVE A VERY PROFESSIONAL TEAM, GOOD QUALITY OF SERVICES, GOOD VALUE... FOR PRICE.I RECOMMEND THIS COMPANY.read more
      Mohamed Sheriff
      Mohamed Sheriff
      16:16 28 Jun 20
      Experience with HLB Hamt in audit experience is great pleasure. They deploy well qualified accounts team for audits.... And the amount of checking they perform give the management of the company confidence that internal controls are well in place. We are glad to see they have high standard of audit practices.read more
      218141 JOSEPH THOMAS
      218141 JOSEPH THOMAS
      16:20 23 Jun 20
      Professionally managed firm with commitment to the engagements taken. My company and its group are assigning our... requirements for last 12 years to HLB and we don’t have any negative remarks on any assignments.read more
      PMI
      PMI
      07:14 23 Jun 20
      In my opinion, HLB Hamt is one of the best professional firms in UAE after big4. Excellent client service, professional... and competent staff and timely delivery are their strength. Over the years they have developed the infrastructure and skill set to handle multiple verticals ie, audit, tax services, consulting, IT support etc.Wishing HLB Hamt team all the very best.read more
      RAVI CHOKSI
      RAVI CHOKSI
      08:28 21 Jun 20
      Thank you Team HLB hamt...Your internal auditing team put the good amount of time and inputs in helping the... organisation making considerable improvements throughout the organisational working structure and helps in building the better business.Thanks.read more
      Maharajan Subramaniam
      Maharajan Subramaniam
      18:17 06 Jun 20
      High-Performing IT Teams, I'm impressed with the knowledge level of their deputed staff, audit procedures, and... checklist adopted. Mr. Vimal especially understand the requirement and provide solution not only technical feasibility and also considered budgeting. We’re confident in their abilities.read more
      Mohammed L
      Mohammed L
      08:07 05 Jun 20
      We have been working closely with them on payroll services for quite sometime.They provide very professional... services,experts in domain and excellent support. Would recommend them.Cheers.read more
      ROY ROSHAN VIVIAN
      ROY ROSHAN VIVIAN
      06:32 04 Jun 20
      Very professional team. Vimal has always given us good solution advice for various Software and IT Infra projects. We... are very Extremely satisfied working with him and his team. Wishing them success.read more
      Basil Daniells
      Basil Daniells
      05:55 03 Jun 20
      I have worked with HLB as a partner of Sage for about 2 years, they were dedicated to the success of the partnership... and kept aligned with the business plan that was agreed between our two companies. They are always ready to go the extra mile for a customer and don’t shy away from challenging circumstances. Keep up the good work and wish you all the success in the future.read more
      Amar Kashyap
      Amar Kashyap
      19:28 02 Jun 20
      Team of well qualified and organised professionals. Their reports are not based on numbers first they will understand... their client and their business. They are highly recommended and trust worthy.read more
      Radz de Jesus
      Radz de Jesus
      16:03 02 Jun 20
      We're glad to have found HLB Hamt to conduct the IT audit and risk assessment for our organization. We have learned a... lot from their team during that first project. And since then, we've continued to be in touch with them. Mr. Vimal especially is very good at presenting technical concepts in simple yet interesting ways that non-IT and business people alike would easily catch. We are very happy with the professionalism and quality of service they provide. They leave their clients nothing short of satisfied. Highly recommended.read more
      Next Reviews
      js_loader

      Dubai Establishes New Inheritance Department for Non-Muslims

      HLB HAMT News Team

      image

      HLB HAMT - Accounting Firm in UAE

      Phone:- +971 4 327 7775
      Mobile:- +971 55 160 1291
      WhatsApp:- +971 56 219 1607
      Email:- dubai@hlbhamt.com

        Schedule a Consultation




        The Dubai Courts have recently created a specialized department to handle inheritance cases for non-Muslim residents in the emirate. The department, which is the first of its kind in the UAE, aims to provide a clear and transparent framework for non-Muslims to manage their estates and ensure that their wishes are respected after their death.

        The department will be responsible for all aspects of non-Muslim inheritance matters, including the opening of inheritance files, the registration of wills, and the distribution of assets. It will also provide guidance and support to non-Muslims who are dealing with inheritance issues.

        How the Department Works?

        The non-Muslim inheritance department will operate on a single-session basis, meaning that it aims to reach a decision on all requests within one session. This is designed to speed up the process and make it more efficient for non-Muslims who are dealing with inheritance issues.

        To open an inheritance file, applicants will need to provide a set of documents, including:

        • A legal notice, inventory of inheritance, legal document, or official document specifying the heirs and their shares.
        • To prove the existence of a will, individuals can present an official document issued by the Dubai Courts or any other court within the UAE, except for the Dubai International Financial Centre courts.
        • A judicial ruling proving the death of the deceased and identifying the heirs if no will is available.

        If a request to open an inheritance file is based on a will not issue by the courts within the UAE, the implementation of Article 18 of Law No. 15 of 2017, which pertains to the management of non-Muslim inheritance matters and the execution of their wills, will be applied in Dubai. This means that a lawsuit for the execution of the will be registered, along with a certified copy of the applicable law for the will.

        Benefits of the New Department

        The establishment of the non-Muslim inheritance department offers several benefits for non-Muslim residents of Dubai, including:

        • A clear and transparent framework for managing estates.
        • Guidance and support from experienced professionals
        • The opportunity to have their wishes respected after their death.

        The department is also expected to boost confidence among non-Muslim investors in Dubai, as it provides greater certainty and clarity around the legal process for non-Muslim inheritance matters.

        Conclusion

        The establishment of the non-Muslim inheritance department is a significant step forward for the UAE in terms of its commitment to providing a fair and equitable legal system for all residents. It is also a reflection of the emirate’s growing diversity, as the number of non-Muslim residents in Dubai continues to increase.

         

         

         

        Would you like to rate us on Google?         

         

        Varun R Chandra
        Varun R Chandra
        07:38 25 Apr 21
        HLB Hamt is highly recommended! They have the quality of services that would satisfy your needs. I'm glad I found them.
        Giuseppe Assi
        Giuseppe Assi
        06:20 31 Jan 21
        I HAD A GOOD EXPERIENCE WITH HLB HAMT DUBAI. THEY HAVE A VERY PROFESSIONAL TEAM, GOOD QUALITY OF SERVICES, GOOD VALUE... FOR PRICE.I RECOMMEND THIS COMPANY.read more
        Mohamed Sheriff
        Mohamed Sheriff
        16:16 28 Jun 20
        Experience with HLB Hamt in audit experience is great pleasure. They deploy well qualified accounts team for audits.... And the amount of checking they perform give the management of the company confidence that internal controls are well in place. We are glad to see they have high standard of audit practices.read more
        218141 JOSEPH THOMAS
        218141 JOSEPH THOMAS
        16:20 23 Jun 20
        Professionally managed firm with commitment to the engagements taken. My company and its group are assigning our... requirements for last 12 years to HLB and we don’t have any negative remarks on any assignments.read more
        PMI
        PMI
        07:14 23 Jun 20
        In my opinion, HLB Hamt is one of the best professional firms in UAE after big4. Excellent client service, professional... and competent staff and timely delivery are their strength. Over the years they have developed the infrastructure and skill set to handle multiple verticals ie, audit, tax services, consulting, IT support etc.Wishing HLB Hamt team all the very best.read more
        RAVI CHOKSI
        RAVI CHOKSI
        08:28 21 Jun 20
        Thank you Team HLB hamt...Your internal auditing team put the good amount of time and inputs in helping the... organisation making considerable improvements throughout the organisational working structure and helps in building the better business.Thanks.read more
        Maharajan Subramaniam
        Maharajan Subramaniam
        18:17 06 Jun 20
        High-Performing IT Teams, I'm impressed with the knowledge level of their deputed staff, audit procedures, and... checklist adopted. Mr. Vimal especially understand the requirement and provide solution not only technical feasibility and also considered budgeting. We’re confident in their abilities.read more
        Mohammed L
        Mohammed L
        08:07 05 Jun 20
        We have been working closely with them on payroll services for quite sometime.They provide very professional... services,experts in domain and excellent support. Would recommend them.Cheers.read more
        ROY ROSHAN VIVIAN
        ROY ROSHAN VIVIAN
        06:32 04 Jun 20
        Very professional team. Vimal has always given us good solution advice for various Software and IT Infra projects. We... are very Extremely satisfied working with him and his team. Wishing them success.read more
        Basil Daniells
        Basil Daniells
        05:55 03 Jun 20
        I have worked with HLB as a partner of Sage for about 2 years, they were dedicated to the success of the partnership... and kept aligned with the business plan that was agreed between our two companies. They are always ready to go the extra mile for a customer and don’t shy away from challenging circumstances. Keep up the good work and wish you all the success in the future.read more
        Amar Kashyap
        Amar Kashyap
        19:28 02 Jun 20
        Team of well qualified and organised professionals. Their reports are not based on numbers first they will understand... their client and their business. They are highly recommended and trust worthy.read more
        Radz de Jesus
        Radz de Jesus
        16:03 02 Jun 20
        We're glad to have found HLB Hamt to conduct the IT audit and risk assessment for our organization. We have learned a... lot from their team during that first project. And since then, we've continued to be in touch with them. Mr. Vimal especially is very good at presenting technical concepts in simple yet interesting ways that non-IT and business people alike would easily catch. We are very happy with the professionalism and quality of service they provide. They leave their clients nothing short of satisfied. Highly recommended.read more
        Next Reviews
        js_loader

        MoF Issues New Ministerial Decision to Streamline Tax Residency Certificates

        Lavin Nalinababu

        image

        HLB HAMT - Accounting Firm in UAE

        Phone:- +971 4 327 7775
        Mobile:- +971 55 160 1291
        WhatsApp:- +971 56 219 1607
        Email:- dubai@hlbhamt.com

          Schedule a Consultation




          The enforcement of certain provisions of Cabinet Decision No. 85 of 2022 on the determination of tax residency has been announced in Ministerial Decision No. 27 of 2023 by the Ministry of Finance (MoF). On March 1, 2023, this decision was published in the Official Gazette and entered into force.

          The Ministerial Decision aims to clarify and offer direction on the application of the Cabinet Decision, which was released last year, regarding the policies and processes for establishing tax residency status for both individuals and companies in the UAE.

          The Federal Tax Authority’s website can now be used to instantly issue a UAE tax residency certificate, making the procedure quicker and more convenient for filers.

          The Decision further states that when deciding whether the 183-day or 90-day thresholds have been reached, all days or parts of days on which a person is physically present in the UAE will be taken into account. Additionally, the Decision states that a person need not own their “permanent place of residence,” but such place must be continuously available to them.

          The decision additionally defines the standards and prerequisites that individuals and companies must satisfy in order to receive the tax residency licence. The prerequisites include having a legal residency permit, staying in the UAE for a predetermined number of days, and meeting any additional requirements outlined in the Cabinet Decision.

          The new Ministerial Decision from the MoF is an important step towards improving and harmonising the UAE’s tax residency system with global norms. For individuals and businesses working in the UAE, it offers the clarity and openness necessary to determine tax residency.

          HLB HAMT can assist individuals and businesses in complying with the regulations as well as applying for a tax residency certificate as outlined in Ministerial Decision No. 27 of 2023.

           

           

          Would you like to rate us on Google?         

           

          Varun R Chandra
          Varun R Chandra
          07:38 25 Apr 21
          HLB Hamt is highly recommended! They have the quality of services that would satisfy your needs. I'm glad I found them.
          Giuseppe Assi
          Giuseppe Assi
          06:20 31 Jan 21
          I HAD A GOOD EXPERIENCE WITH HLB HAMT DUBAI. THEY HAVE A VERY PROFESSIONAL TEAM, GOOD QUALITY OF SERVICES, GOOD VALUE... FOR PRICE.I RECOMMEND THIS COMPANY.read more
          Mohamed Sheriff
          Mohamed Sheriff
          16:16 28 Jun 20
          Experience with HLB Hamt in audit experience is great pleasure. They deploy well qualified accounts team for audits.... And the amount of checking they perform give the management of the company confidence that internal controls are well in place. We are glad to see they have high standard of audit practices.read more
          218141 JOSEPH THOMAS
          218141 JOSEPH THOMAS
          16:20 23 Jun 20
          Professionally managed firm with commitment to the engagements taken. My company and its group are assigning our... requirements for last 12 years to HLB and we don’t have any negative remarks on any assignments.read more
          PMI
          PMI
          07:14 23 Jun 20
          In my opinion, HLB Hamt is one of the best professional firms in UAE after big4. Excellent client service, professional... and competent staff and timely delivery are their strength. Over the years they have developed the infrastructure and skill set to handle multiple verticals ie, audit, tax services, consulting, IT support etc.Wishing HLB Hamt team all the very best.read more
          RAVI CHOKSI
          RAVI CHOKSI
          08:28 21 Jun 20
          Thank you Team HLB hamt...Your internal auditing team put the good amount of time and inputs in helping the... organisation making considerable improvements throughout the organisational working structure and helps in building the better business.Thanks.read more
          Maharajan Subramaniam
          Maharajan Subramaniam
          18:17 06 Jun 20
          High-Performing IT Teams, I'm impressed with the knowledge level of their deputed staff, audit procedures, and... checklist adopted. Mr. Vimal especially understand the requirement and provide solution not only technical feasibility and also considered budgeting. We’re confident in their abilities.read more
          Mohammed L
          Mohammed L
          08:07 05 Jun 20
          We have been working closely with them on payroll services for quite sometime.They provide very professional... services,experts in domain and excellent support. Would recommend them.Cheers.read more
          ROY ROSHAN VIVIAN
          ROY ROSHAN VIVIAN
          06:32 04 Jun 20
          Very professional team. Vimal has always given us good solution advice for various Software and IT Infra projects. We... are very Extremely satisfied working with him and his team. Wishing them success.read more
          Basil Daniells
          Basil Daniells
          05:55 03 Jun 20
          I have worked with HLB as a partner of Sage for about 2 years, they were dedicated to the success of the partnership... and kept aligned with the business plan that was agreed between our two companies. They are always ready to go the extra mile for a customer and don’t shy away from challenging circumstances. Keep up the good work and wish you all the success in the future.read more
          Amar Kashyap
          Amar Kashyap
          19:28 02 Jun 20
          Team of well qualified and organised professionals. Their reports are not based on numbers first they will understand... their client and their business. They are highly recommended and trust worthy.read more
          Radz de Jesus
          Radz de Jesus
          16:03 02 Jun 20
          We're glad to have found HLB Hamt to conduct the IT audit and risk assessment for our organization. We have learned a... lot from their team during that first project. And since then, we've continued to be in touch with them. Mr. Vimal especially is very good at presenting technical concepts in simple yet interesting ways that non-IT and business people alike would easily catch. We are very happy with the professionalism and quality of service they provide. They leave their clients nothing short of satisfied. Highly recommended.read more
          Next Reviews
          js_loader

          New Visa Rules for Sponsoring Family Members in UAE

          HLB HAMT News Team

          image

          HLB HAMT - Accounting Firm in UAE

          Phone:- +971 4 327 7775
          Mobile:- +971 55 160 1291
          WhatsApp:- +971 56 219 1607
          Email:- dubai@hlbhamt.com

            Schedule a Consultation




            Good news has been released for ex-pats in the UAE regarding visa regulations and clarifications by Ali Mohammad Al Shamsi, Chairman of the Federal Authority for Identity, Citizenship, Customs & Port Security of the UAE. The minimum salary required to sponsor family members has been halved.

            Previously, the minimum salary required to sponsor parents was AED 20,000. Now, if ex-pats have a monthly salary of AED 10,000, they can sponsor up to five individuals. The regulation, which came into effect on October 3, 2022, has simplified the process of obtaining residence permits and sponsoring kin.

            Sponsoring in the UAE

            Expats must meet certain requirements to bring their relatives to the UAE. If expats want to bring their relatives to the UAE, their degree of relationship with the foreigner should be as follows:

            • The foreigner’s father
            • The foreigner’s mother
            • Underage siblings (provided they can support them financially)
            • The wife’s father and mother

            In addition, the foreigner must have adequate monthly income and housing facilities to bring those relatives to the UAE.

            • If their monthly income is AED 10,000, they can bring up to five individuals.
            • If their monthly income is AED 15,000, they can bring up to six individuals.
            • If ex-pats want to bring more than six individuals, the Chairman of the authority shall determine the applicant’s eligibility.

            HLB HAMT to Assist!

            If you are an expatriate planning to bring your family members to the UAE, you must meet all the criteria mentioned in the recent updates of UAE visa rules. However, HLB HAMT is available to provide assistance in completing your visa application with ease.

            If you need any help, please contact hrd@hlbhamt.com

            We are always happy to assist you!

             

             

            Would you like to rate us on Google?         

             

            Varun R Chandra
            Varun R Chandra
            07:38 25 Apr 21
            HLB Hamt is highly recommended! They have the quality of services that would satisfy your needs. I'm glad I found them.
            Giuseppe Assi
            Giuseppe Assi
            06:20 31 Jan 21
            I HAD A GOOD EXPERIENCE WITH HLB HAMT DUBAI. THEY HAVE A VERY PROFESSIONAL TEAM, GOOD QUALITY OF SERVICES, GOOD VALUE... FOR PRICE.I RECOMMEND THIS COMPANY.read more
            Mohamed Sheriff
            Mohamed Sheriff
            16:16 28 Jun 20
            Experience with HLB Hamt in audit experience is great pleasure. They deploy well qualified accounts team for audits.... And the amount of checking they perform give the management of the company confidence that internal controls are well in place. We are glad to see they have high standard of audit practices.read more
            218141 JOSEPH THOMAS
            218141 JOSEPH THOMAS
            16:20 23 Jun 20
            Professionally managed firm with commitment to the engagements taken. My company and its group are assigning our... requirements for last 12 years to HLB and we don’t have any negative remarks on any assignments.read more
            PMI
            PMI
            07:14 23 Jun 20
            In my opinion, HLB Hamt is one of the best professional firms in UAE after big4. Excellent client service, professional... and competent staff and timely delivery are their strength. Over the years they have developed the infrastructure and skill set to handle multiple verticals ie, audit, tax services, consulting, IT support etc.Wishing HLB Hamt team all the very best.read more
            RAVI CHOKSI
            RAVI CHOKSI
            08:28 21 Jun 20
            Thank you Team HLB hamt...Your internal auditing team put the good amount of time and inputs in helping the... organisation making considerable improvements throughout the organisational working structure and helps in building the better business.Thanks.read more
            Maharajan Subramaniam
            Maharajan Subramaniam
            18:17 06 Jun 20
            High-Performing IT Teams, I'm impressed with the knowledge level of their deputed staff, audit procedures, and... checklist adopted. Mr. Vimal especially understand the requirement and provide solution not only technical feasibility and also considered budgeting. We’re confident in their abilities.read more
            Mohammed L
            Mohammed L
            08:07 05 Jun 20
            We have been working closely with them on payroll services for quite sometime.They provide very professional... services,experts in domain and excellent support. Would recommend them.Cheers.read more
            ROY ROSHAN VIVIAN
            ROY ROSHAN VIVIAN
            06:32 04 Jun 20
            Very professional team. Vimal has always given us good solution advice for various Software and IT Infra projects. We... are very Extremely satisfied working with him and his team. Wishing them success.read more
            Basil Daniells
            Basil Daniells
            05:55 03 Jun 20
            I have worked with HLB as a partner of Sage for about 2 years, they were dedicated to the success of the partnership... and kept aligned with the business plan that was agreed between our two companies. They are always ready to go the extra mile for a customer and don’t shy away from challenging circumstances. Keep up the good work and wish you all the success in the future.read more
            Amar Kashyap
            Amar Kashyap
            19:28 02 Jun 20
            Team of well qualified and organised professionals. Their reports are not based on numbers first they will understand... their client and their business. They are highly recommended and trust worthy.read more
            Radz de Jesus
            Radz de Jesus
            16:03 02 Jun 20
            We're glad to have found HLB Hamt to conduct the IT audit and risk assessment for our organization. We have learned a... lot from their team during that first project. And since then, we've continued to be in touch with them. Mr. Vimal especially is very good at presenting technical concepts in simple yet interesting ways that non-IT and business people alike would easily catch. We are very happy with the professionalism and quality of service they provide. They leave their clients nothing short of satisfied. Highly recommended.read more
            Next Reviews
            js_loader

            HLB HAMT Bags two Prestigious awards at the SME TECH INNOVATION AWARDS 2023

            Midhun Menon P

            image

            HLB HAMT - Accounting Firm in UAE

            Phone:- +971 4 327 7775
            Mobile:- +971 52 830 7998
            WhatsApp:- +971 56 219 1607
            Email:- dubai@hlbhamt.com

              Schedule a Consultation




              The UAE’s SME sector is thriving and significantly boosts the economy of the nation. The SME Tech Innovation Conference & Awards is intended to serve as an annual event for the SME segment, fostering discussions and a better knowledge of as many technologies transformation-related areas as possible that might support business success.

              We are pleased to announce that we bagged two awards at the highly anticipated SME Tech Innovation Awards 2023 held at Conrad Dubai on February 16th, 2023. HLB HAMT won the prestigious Outstanding Technology Transformation award and our director of Technology Consulting, Mr. Vimal Ramachandran has bagged the prestigious Technology Transformer of the year award. HLB HAMT got this award for achieving substantial objectives in our technology transformation journey. The Technology Transformer of the year award was presented to various achievers across industries, mainly to CIOs and IT heads of SME entities that are helping organizations drive and pursue digital transformation initiatives.

               

              Would you like to rate us on Google?         

               

              Varun R Chandra
              Varun R Chandra
              07:38 25 Apr 21
              HLB Hamt is highly recommended! They have the quality of services that would satisfy your needs. I'm glad I found them.
              Giuseppe Assi
              Giuseppe Assi
              06:20 31 Jan 21
              I HAD A GOOD EXPERIENCE WITH HLB HAMT DUBAI. THEY HAVE A VERY PROFESSIONAL TEAM, GOOD QUALITY OF SERVICES, GOOD VALUE... FOR PRICE.I RECOMMEND THIS COMPANY.read more
              Mohamed Sheriff
              Mohamed Sheriff
              16:16 28 Jun 20
              Experience with HLB Hamt in audit experience is great pleasure. They deploy well qualified accounts team for audits.... And the amount of checking they perform give the management of the company confidence that internal controls are well in place. We are glad to see they have high standard of audit practices.read more
              218141 JOSEPH THOMAS
              218141 JOSEPH THOMAS
              16:20 23 Jun 20
              Professionally managed firm with commitment to the engagements taken. My company and its group are assigning our... requirements for last 12 years to HLB and we don’t have any negative remarks on any assignments.read more
              PMI
              PMI
              07:14 23 Jun 20
              In my opinion, HLB Hamt is one of the best professional firms in UAE after big4. Excellent client service, professional... and competent staff and timely delivery are their strength. Over the years they have developed the infrastructure and skill set to handle multiple verticals ie, audit, tax services, consulting, IT support etc.Wishing HLB Hamt team all the very best.read more
              RAVI CHOKSI
              RAVI CHOKSI
              08:28 21 Jun 20
              Thank you Team HLB hamt...Your internal auditing team put the good amount of time and inputs in helping the... organisation making considerable improvements throughout the organisational working structure and helps in building the better business.Thanks.read more
              Maharajan Subramaniam
              Maharajan Subramaniam
              18:17 06 Jun 20
              High-Performing IT Teams, I'm impressed with the knowledge level of their deputed staff, audit procedures, and... checklist adopted. Mr. Vimal especially understand the requirement and provide solution not only technical feasibility and also considered budgeting. We’re confident in their abilities.read more
              Mohammed L
              Mohammed L
              08:07 05 Jun 20
              We have been working closely with them on payroll services for quite sometime.They provide very professional... services,experts in domain and excellent support. Would recommend them.Cheers.read more
              ROY ROSHAN VIVIAN
              ROY ROSHAN VIVIAN
              06:32 04 Jun 20
              Very professional team. Vimal has always given us good solution advice for various Software and IT Infra projects. We... are very Extremely satisfied working with him and his team. Wishing them success.read more
              Basil Daniells
              Basil Daniells
              05:55 03 Jun 20
              I have worked with HLB as a partner of Sage for about 2 years, they were dedicated to the success of the partnership... and kept aligned with the business plan that was agreed between our two companies. They are always ready to go the extra mile for a customer and don’t shy away from challenging circumstances. Keep up the good work and wish you all the success in the future.read more
              Amar Kashyap
              Amar Kashyap
              19:28 02 Jun 20
              Team of well qualified and organised professionals. Their reports are not based on numbers first they will understand... their client and their business. They are highly recommended and trust worthy.read more
              Radz de Jesus
              Radz de Jesus
              16:03 02 Jun 20
              We're glad to have found HLB Hamt to conduct the IT audit and risk assessment for our organization. We have learned a... lot from their team during that first project. And since then, we've continued to be in touch with them. Mr. Vimal especially is very good at presenting technical concepts in simple yet interesting ways that non-IT and business people alike would easily catch. We are very happy with the professionalism and quality of service they provide. They leave their clients nothing short of satisfied. Highly recommended.read more
              Next Reviews
              js_loader

              CBUAE Issues New AML/CFT Guidelines for the Insurance Industry

              HLB HAMT News Team

              image

              HLB HAMT - Accounting Firm in UAE

              Phone:- +971 4 327 7775
              WhatsApp:- +971 56 219 1607
              Mobile:- +971 55 807 4568
              Email:- dubai@hlbhamt.com

                Schedule a Consultation




                New anti-money laundering (AML) and Countering the Financing of Terrorism (CFT) guidelines have been released by the Central Bank of the UAE (CBUAE) for the Licensed Financial Institutions (LFIs) in the insurance sector, which includes insurance and re-insurance firms, agents, and brokers.

                The guidelines go through how insurance operators should use preventative measures to detect, analyze, monitor, and prevent money laundering and funding of terrorism risks that are pertinent to life insurance and other investment-related insurance products.

                The Role of Due Diligence

                • Conduct due diligence on each client,
                • Comprehend the type of the customer’s business,
                • The purpose of the operator’s relationship with the customer,
                • Should maintain transaction monitoring systems, and
                • Subject all customers to continual surveillance during the business relationship.

                Any activity that may be connected to money laundering, terrorist financing, or a criminal offence must be reported by sending suspicious activity or transaction reports straight to the UAE’s Financial Intelligence Unit via the “goAML” site.

                Financial institutions throughout the globe, particularly those in the Gulf region, are discovering that it is more and more challenging to apply new legislation and create complete compliance systems as the regulatory framework evolves and becomes more demanding. However, the government has put in place rigorous regulations to prevent money laundering and terrorist funding in the UAE.

                HLB HAMT is a renowned consultancy firm conducting impartial evaluations of anti-money laundering compliance systems in many sectors. Our team of professionals can assist you in developing, implementing, and enhancing your compliance programme for financial and other designated non-financial organisations.

                 

                Would you like to rate us on Google?         

                 

                Varun R Chandra
                Varun R Chandra
                07:38 25 Apr 21
                HLB Hamt is highly recommended! They have the quality of services that would satisfy your needs. I'm glad I found them.
                Giuseppe Assi
                Giuseppe Assi
                06:20 31 Jan 21
                I HAD A GOOD EXPERIENCE WITH HLB HAMT DUBAI. THEY HAVE A VERY PROFESSIONAL TEAM, GOOD QUALITY OF SERVICES, GOOD VALUE... FOR PRICE.I RECOMMEND THIS COMPANY.read more
                Mohamed Sheriff
                Mohamed Sheriff
                16:16 28 Jun 20
                Experience with HLB Hamt in audit experience is great pleasure. They deploy well qualified accounts team for audits.... And the amount of checking they perform give the management of the company confidence that internal controls are well in place. We are glad to see they have high standard of audit practices.read more
                218141 JOSEPH THOMAS
                218141 JOSEPH THOMAS
                16:20 23 Jun 20
                Professionally managed firm with commitment to the engagements taken. My company and its group are assigning our... requirements for last 12 years to HLB and we don’t have any negative remarks on any assignments.read more
                PMI
                PMI
                07:14 23 Jun 20
                In my opinion, HLB Hamt is one of the best professional firms in UAE after big4. Excellent client service, professional... and competent staff and timely delivery are their strength. Over the years they have developed the infrastructure and skill set to handle multiple verticals ie, audit, tax services, consulting, IT support etc.Wishing HLB Hamt team all the very best.read more
                RAVI CHOKSI
                RAVI CHOKSI
                08:28 21 Jun 20
                Thank you Team HLB hamt...Your internal auditing team put the good amount of time and inputs in helping the... organisation making considerable improvements throughout the organisational working structure and helps in building the better business.Thanks.read more
                Maharajan Subramaniam
                Maharajan Subramaniam
                18:17 06 Jun 20
                High-Performing IT Teams, I'm impressed with the knowledge level of their deputed staff, audit procedures, and... checklist adopted. Mr. Vimal especially understand the requirement and provide solution not only technical feasibility and also considered budgeting. We’re confident in their abilities.read more
                Mohammed L
                Mohammed L
                08:07 05 Jun 20
                We have been working closely with them on payroll services for quite sometime.They provide very professional... services,experts in domain and excellent support. Would recommend them.Cheers.read more
                ROY ROSHAN VIVIAN
                ROY ROSHAN VIVIAN
                06:32 04 Jun 20
                Very professional team. Vimal has always given us good solution advice for various Software and IT Infra projects. We... are very Extremely satisfied working with him and his team. Wishing them success.read more
                Basil Daniells
                Basil Daniells
                05:55 03 Jun 20
                I have worked with HLB as a partner of Sage for about 2 years, they were dedicated to the success of the partnership... and kept aligned with the business plan that was agreed between our two companies. They are always ready to go the extra mile for a customer and don’t shy away from challenging circumstances. Keep up the good work and wish you all the success in the future.read more
                Amar Kashyap
                Amar Kashyap
                19:28 02 Jun 20
                Team of well qualified and organised professionals. Their reports are not based on numbers first they will understand... their client and their business. They are highly recommended and trust worthy.read more
                Radz de Jesus
                Radz de Jesus
                16:03 02 Jun 20
                We're glad to have found HLB Hamt to conduct the IT audit and risk assessment for our organization. We have learned a... lot from their team during that first project. And since then, we've continued to be in touch with them. Mr. Vimal especially is very good at presenting technical concepts in simple yet interesting ways that non-IT and business people alike would easily catch. We are very happy with the professionalism and quality of service they provide. They leave their clients nothing short of satisfied. Highly recommended.read more
                Next Reviews
                js_loader

                The UAE’s Ministry of Finance Launches Corporate Tax Awareness Workshops for Business Communities

                HLB HAMT News Team

                image

                HLB HAMT - Accounting Firm in UAE

                Phone:- +971 4 327 7775
                Mobile:- +971 50 677 5860
                WhatsApp:- +971 56 219 1607
                Email:- dubai@hlbhamt.com

                  Schedule a Consultation




                  Following the publication of the Federal Decree-Law on Taxation of Corporations and Businesses, the Ministry of Finance of the United Arab Emirates has commenced a Corporate Tax Public Awareness workshop. The first corporate tax public awareness session will take place on January 9 in Abu Dhabi, according to the ministry announcement.

                  Schedule of Workshops

                  Monday
                  9th Jan, 2023
                  11:00 TO 12:30
                  ABU DHABI
                  Rosewood Hotel
                  OVERVIEW OF UAE CORPORATE TAX
                  Session Language: English
                  Monday
                  16th Jan, 2023
                  09:30 TO 11:00
                  DUBAI
                  Ritz Carlton DIFC
                  OVERVIEW OF UAE CORPORATE TAX
                  Session Language: English
                  Monday
                  23rd Jan, 2023
                  09:30 TO 11:00
                  VIRTUALOVERVIEW OF UAE CORPORATE TAX
                  Session Language: English
                  Monday
                  6th Feb, 2023
                  SHARJAHOVERVIEW OF UAE CORPORATE TAX
                  Session Language: English
                  Monday
                  13th Feb, 2023
                  RAS AL KHAIMAHOVERVIEW OF UAE CORPORATE TAX
                  Session Language: English
                  Monday
                  20th Feb, 2023
                  FUJAIRAHOVERVIEW OF UAE CORPORATE TAX
                  Session Language: Arabic

                   

                  • Closed recordings of CT awareness will take place six weeks from 20th Feb – 27th March 2023
                  • Virtual sessions on the Webinar platform will be conducted from April to December 2023

                  Although everyone is welcome to attend the workshops, chief financial officers, tax directors and managers, legal counsels, business owners, and other business executives from all industries are the main targeted group.

                  The Ministry of Finance’s tax specialists will lead workshops that are intended to increase knowledge, offer a dependable forum for open dialogue, answer inquiries from diverse business sectors, and promote awareness.

                  In addition to addressing specialised areas like computing taxable income, tax relief, tax groups, transfer pricing, and other subjects, attendees will receive a summary of the corporate tax legislation, including scope, rates, important concepts, exempted individuals, free zones, administration, and deadlines.

                   

                  Would you like to rate us on Google?         

                   

                  Varun R Chandra
                  Varun R Chandra
                  07:38 25 Apr 21
                  HLB Hamt is highly recommended! They have the quality of services that would satisfy your needs. I'm glad I found them.
                  Giuseppe Assi
                  Giuseppe Assi
                  06:20 31 Jan 21
                  I HAD A GOOD EXPERIENCE WITH HLB HAMT DUBAI. THEY HAVE A VERY PROFESSIONAL TEAM, GOOD QUALITY OF SERVICES, GOOD VALUE... FOR PRICE.I RECOMMEND THIS COMPANY.read more
                  Mohamed Sheriff
                  Mohamed Sheriff
                  16:16 28 Jun 20
                  Experience with HLB Hamt in audit experience is great pleasure. They deploy well qualified accounts team for audits.... And the amount of checking they perform give the management of the company confidence that internal controls are well in place. We are glad to see they have high standard of audit practices.read more
                  218141 JOSEPH THOMAS
                  218141 JOSEPH THOMAS
                  16:20 23 Jun 20
                  Professionally managed firm with commitment to the engagements taken. My company and its group are assigning our... requirements for last 12 years to HLB and we don’t have any negative remarks on any assignments.read more
                  PMI
                  PMI
                  07:14 23 Jun 20
                  In my opinion, HLB Hamt is one of the best professional firms in UAE after big4. Excellent client service, professional... and competent staff and timely delivery are their strength. Over the years they have developed the infrastructure and skill set to handle multiple verticals ie, audit, tax services, consulting, IT support etc.Wishing HLB Hamt team all the very best.read more
                  RAVI CHOKSI
                  RAVI CHOKSI
                  08:28 21 Jun 20
                  Thank you Team HLB hamt...Your internal auditing team put the good amount of time and inputs in helping the... organisation making considerable improvements throughout the organisational working structure and helps in building the better business.Thanks.read more
                  Maharajan Subramaniam
                  Maharajan Subramaniam
                  18:17 06 Jun 20
                  High-Performing IT Teams, I'm impressed with the knowledge level of their deputed staff, audit procedures, and... checklist adopted. Mr. Vimal especially understand the requirement and provide solution not only technical feasibility and also considered budgeting. We’re confident in their abilities.read more
                  Mohammed L
                  Mohammed L
                  08:07 05 Jun 20
                  We have been working closely with them on payroll services for quite sometime.They provide very professional... services,experts in domain and excellent support. Would recommend them.Cheers.read more
                  ROY ROSHAN VIVIAN
                  ROY ROSHAN VIVIAN
                  06:32 04 Jun 20
                  Very professional team. Vimal has always given us good solution advice for various Software and IT Infra projects. We... are very Extremely satisfied working with him and his team. Wishing them success.read more
                  Basil Daniells
                  Basil Daniells
                  05:55 03 Jun 20
                  I have worked with HLB as a partner of Sage for about 2 years, they were dedicated to the success of the partnership... and kept aligned with the business plan that was agreed between our two companies. They are always ready to go the extra mile for a customer and don’t shy away from challenging circumstances. Keep up the good work and wish you all the success in the future.read more
                  Amar Kashyap
                  Amar Kashyap
                  19:28 02 Jun 20
                  Team of well qualified and organised professionals. Their reports are not based on numbers first they will understand... their client and their business. They are highly recommended and trust worthy.read more
                  Radz de Jesus
                  Radz de Jesus
                  16:03 02 Jun 20
                  We're glad to have found HLB Hamt to conduct the IT audit and risk assessment for our organization. We have learned a... lot from their team during that first project. And since then, we've continued to be in touch with them. Mr. Vimal especially is very good at presenting technical concepts in simple yet interesting ways that non-IT and business people alike would easily catch. We are very happy with the professionalism and quality of service they provide. They leave their clients nothing short of satisfied. Highly recommended.read more
                  Next Reviews
                  js_loader

                  The UAE Visa Rules: No Extension of a visit visa without exit

                  HLB HAMT News Team

                  image

                  HLB HAMT - Accounting Firm in UAE

                  Phone:- +971 4 327 7775
                  Mobile:- +971 55 160 1291
                  WhatsApp:- +971 56 219 1607
                  Email:- dubai@hlbhamt.com

                    Schedule a Consultation




                    The requirements for UAE travel visa extensions have already been loosened as a result of COVID-19. However, now that situations are getting back to normal, the UAE’s immigration authority has made the decision to reinstate pre-pandemic rules.

                    The new regulation, which came into force on December 13, 2022, states that visitors in the UAE must depart the country before submitting an application for a visit visa renewal. From within the nation, it won’t be allowed to extend visitor visas. Instead, they must leave the UAE before applying for a visa extension.

                    Individuals who are in the nation on a visit visa now have a number of alternatives accessible to them.

                    1. Until further notice, anyone with a visit visa from Dubai who wishes to extend their stay can do so from within the country.
                    2. If an individual has a visa from another emirate and wants to stay in the UAE longer, they must leave the nation and submit new permission.
                    3. If a person with a visit visa wants to alter their status, they must apply for a new visa, and after it is approved, they must leave the nation and return.

                    Due to humanitarian concerns during the outbreak, when travel was difficult, the UAE approved this alteration. The UAE’s immigration laws have undergone a considerable change as a result of the recently implemented new visa criterias.

                     

                    Would you like to rate us on Google?         

                     

                    Varun R Chandra
                    Varun R Chandra
                    07:38 25 Apr 21
                    HLB Hamt is highly recommended! They have the quality of services that would satisfy your needs. I'm glad I found them.
                    Giuseppe Assi
                    Giuseppe Assi
                    06:20 31 Jan 21
                    I HAD A GOOD EXPERIENCE WITH HLB HAMT DUBAI. THEY HAVE A VERY PROFESSIONAL TEAM, GOOD QUALITY OF SERVICES, GOOD VALUE... FOR PRICE.I RECOMMEND THIS COMPANY.read more
                    Mohamed Sheriff
                    Mohamed Sheriff
                    16:16 28 Jun 20
                    Experience with HLB Hamt in audit experience is great pleasure. They deploy well qualified accounts team for audits.... And the amount of checking they perform give the management of the company confidence that internal controls are well in place. We are glad to see they have high standard of audit practices.read more
                    218141 JOSEPH THOMAS
                    218141 JOSEPH THOMAS
                    16:20 23 Jun 20
                    Professionally managed firm with commitment to the engagements taken. My company and its group are assigning our... requirements for last 12 years to HLB and we don’t have any negative remarks on any assignments.read more
                    PMI
                    PMI
                    07:14 23 Jun 20
                    In my opinion, HLB Hamt is one of the best professional firms in UAE after big4. Excellent client service, professional... and competent staff and timely delivery are their strength. Over the years they have developed the infrastructure and skill set to handle multiple verticals ie, audit, tax services, consulting, IT support etc.Wishing HLB Hamt team all the very best.read more
                    RAVI CHOKSI
                    RAVI CHOKSI
                    08:28 21 Jun 20
                    Thank you Team HLB hamt...Your internal auditing team put the good amount of time and inputs in helping the... organisation making considerable improvements throughout the organisational working structure and helps in building the better business.Thanks.read more
                    Maharajan Subramaniam
                    Maharajan Subramaniam
                    18:17 06 Jun 20
                    High-Performing IT Teams, I'm impressed with the knowledge level of their deputed staff, audit procedures, and... checklist adopted. Mr. Vimal especially understand the requirement and provide solution not only technical feasibility and also considered budgeting. We’re confident in their abilities.read more
                    Mohammed L
                    Mohammed L
                    08:07 05 Jun 20
                    We have been working closely with them on payroll services for quite sometime.They provide very professional... services,experts in domain and excellent support. Would recommend them.Cheers.read more
                    ROY ROSHAN VIVIAN
                    ROY ROSHAN VIVIAN
                    06:32 04 Jun 20
                    Very professional team. Vimal has always given us good solution advice for various Software and IT Infra projects. We... are very Extremely satisfied working with him and his team. Wishing them success.read more
                    Basil Daniells
                    Basil Daniells
                    05:55 03 Jun 20
                    I have worked with HLB as a partner of Sage for about 2 years, they were dedicated to the success of the partnership... and kept aligned with the business plan that was agreed between our two companies. They are always ready to go the extra mile for a customer and don’t shy away from challenging circumstances. Keep up the good work and wish you all the success in the future.read more
                    Amar Kashyap
                    Amar Kashyap
                    19:28 02 Jun 20
                    Team of well qualified and organised professionals. Their reports are not based on numbers first they will understand... their client and their business. They are highly recommended and trust worthy.read more
                    Radz de Jesus
                    Radz de Jesus
                    16:03 02 Jun 20
                    We're glad to have found HLB Hamt to conduct the IT audit and risk assessment for our organization. We have learned a... lot from their team during that first project. And since then, we've continued to be in touch with them. Mr. Vimal especially is very good at presenting technical concepts in simple yet interesting ways that non-IT and business people alike would easily catch. We are very happy with the professionalism and quality of service they provide. They leave their clients nothing short of satisfied. Highly recommended.read more
                    Next Reviews
                    js_loader

                    The United Arab Emirates has issued its first federal “Corporate Tax Law”

                    HLB HAMT News Team

                    image

                    HLB HAMT - Accounting Firm in UAE

                    Phone:- +971 4 327 7775
                    Mobile:- +971 50 677 5860
                    WhatsApp:- +971 56 219 1607
                    Email:- dubai@hlbhamt.com

                      Schedule a Consultation




                      His Highness Sheikh Mohamed bin Zayed Al Nahyan, President of the United Arab Emirates, has released the federal decree law No. 47 of 2022 on the taxation of corporations and businesses, referred to as the “corporate tax law.” A federal corporate tax will be implemented in the UAE on the basis of the corporate tax law, and it will go into effect for fiscal years beginning on or after June 1, 2023.

                      For the first time ever in the history of the UAE, corporate tax is being put into effect. The corporate tax will be applicable to all UAE businesses and legal entities or individuals conducting business in all emirates. Corporate tax management, collection, and administration shall be handled by the UAE Federal Tax Authority in conformity with the rules and regulations. The implementation of a corporate tax supports the nation’s goal of expanding its revenue sources and lowering its reliance on oil, which has traditionally served as the foundation of the economy.

                      Getting ready for and adhering to the new federal corporate tax will be a challenging path through uncharted territory for many UAE enterprises. HLB HAMT can provide you with a clear picture of what to anticipate from the law and what it will entail for the management and operation of your whole company. With our expertise by your side, you won’t have to worry since we have an in-depth understanding of UAE accounting, tax, and free zone operations, allowing us to offer our clients the best answers to the challenges.

                       

                      Would you like to rate us on Google?         

                       

                      Varun R Chandra
                      Varun R Chandra
                      07:38 25 Apr 21
                      HLB Hamt is highly recommended! They have the quality of services that would satisfy your needs. I'm glad I found them.
                      Giuseppe Assi
                      Giuseppe Assi
                      06:20 31 Jan 21
                      I HAD A GOOD EXPERIENCE WITH HLB HAMT DUBAI. THEY HAVE A VERY PROFESSIONAL TEAM, GOOD QUALITY OF SERVICES, GOOD VALUE... FOR PRICE.I RECOMMEND THIS COMPANY.read more
                      Mohamed Sheriff
                      Mohamed Sheriff
                      16:16 28 Jun 20
                      Experience with HLB Hamt in audit experience is great pleasure. They deploy well qualified accounts team for audits.... And the amount of checking they perform give the management of the company confidence that internal controls are well in place. We are glad to see they have high standard of audit practices.read more
                      218141 JOSEPH THOMAS
                      218141 JOSEPH THOMAS
                      16:20 23 Jun 20
                      Professionally managed firm with commitment to the engagements taken. My company and its group are assigning our... requirements for last 12 years to HLB and we don’t have any negative remarks on any assignments.read more
                      PMI
                      PMI
                      07:14 23 Jun 20
                      In my opinion, HLB Hamt is one of the best professional firms in UAE after big4. Excellent client service, professional... and competent staff and timely delivery are their strength. Over the years they have developed the infrastructure and skill set to handle multiple verticals ie, audit, tax services, consulting, IT support etc.Wishing HLB Hamt team all the very best.read more
                      RAVI CHOKSI
                      RAVI CHOKSI
                      08:28 21 Jun 20
                      Thank you Team HLB hamt...Your internal auditing team put the good amount of time and inputs in helping the... organisation making considerable improvements throughout the organisational working structure and helps in building the better business.Thanks.read more
                      Maharajan Subramaniam
                      Maharajan Subramaniam
                      18:17 06 Jun 20
                      High-Performing IT Teams, I'm impressed with the knowledge level of their deputed staff, audit procedures, and... checklist adopted. Mr. Vimal especially understand the requirement and provide solution not only technical feasibility and also considered budgeting. We’re confident in their abilities.read more
                      Mohammed L
                      Mohammed L
                      08:07 05 Jun 20
                      We have been working closely with them on payroll services for quite sometime.They provide very professional... services,experts in domain and excellent support. Would recommend them.Cheers.read more
                      ROY ROSHAN VIVIAN
                      ROY ROSHAN VIVIAN
                      06:32 04 Jun 20
                      Very professional team. Vimal has always given us good solution advice for various Software and IT Infra projects. We... are very Extremely satisfied working with him and his team. Wishing them success.read more
                      Basil Daniells
                      Basil Daniells
                      05:55 03 Jun 20
                      I have worked with HLB as a partner of Sage for about 2 years, they were dedicated to the success of the partnership... and kept aligned with the business plan that was agreed between our two companies. They are always ready to go the extra mile for a customer and don’t shy away from challenging circumstances. Keep up the good work and wish you all the success in the future.read more
                      Amar Kashyap
                      Amar Kashyap
                      19:28 02 Jun 20
                      Team of well qualified and organised professionals. Their reports are not based on numbers first they will understand... their client and their business. They are highly recommended and trust worthy.read more
                      Radz de Jesus
                      Radz de Jesus
                      16:03 02 Jun 20
                      We're glad to have found HLB Hamt to conduct the IT audit and risk assessment for our organization. We have learned a... lot from their team during that first project. And since then, we've continued to be in touch with them. Mr. Vimal especially is very good at presenting technical concepts in simple yet interesting ways that non-IT and business people alike would easily catch. We are very happy with the professionalism and quality of service they provide. They leave their clients nothing short of satisfied. Highly recommended.read more
                      Next Reviews
                      js_loader

                      Get in touch
                      x
                      x

                      Share to:

                      Copy link:

                      Copied to clipboard Copy