HLB International Soars to New Heights: Secures 8th Spot Globally

HLB HAMT Team

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HLB HAMT - Accounting Firm in UAE

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

    Schedule a Consultation






    In the ever-evolving landscape of accounting, staying ahead demands both dedication and innovation. This year, HLB International, a leading global network of independent advisory and accounting firms, achieved a significant milestone by clinching the 8th spot in the latest rankings released by the International Accounting Bulletin (IAB). Alongside this accomplishment, they also experienced an impressive 23% growth in 2023. Let’s delve deeper into this remarkable achievement and uncover what sets HLB International apart as a powerhouse in the accounting industry.

    HLB International’s Rise to Excellence

    This double win for HLB International signifies a strong upward trajectory. The prestigious IAB ranking positions them among the top accounting and advisory networks globally, solidifying their position as a major player.

    HLB attributes this success to their unwavering focus on two key areas: innovation and a strong commitment to their people. By prioritizing these aspects, they’ve been able to propel the network forward and cultivate significant growth for their global community.

    Understanding the Importance of the IAB Rankings

    The IAB isn’t just about handing out awards – they are a highly respected authority within the accounting industry. They provide accounting professionals worldwide with the latest news, analysis, and insights on critical topics like mergers and acquisitions, leadership changes, and regulatory updates.

    This ensures that accounting firms and networks like HLB International stay informed and prepared for the future. Significantly, the IAB publishes annual world surveys and rankings, offering valuable data and analysis that helps everyone understand the landscape of the global accounting industry.

    A Commitment to People and Innovation

    HLB International’s remarkable feat in securing a prominent position in the IAB rankings underscores its unwavering commitment to continual enhancement and delivering unparalleled service. This esteemed recognition positions HLB International as a vanguard in the realm of accounting and advisory services. The network’s dedication to both its people and innovation is evidently yielding substantial dividends, propelling it to unprecedented heights.

    HLB HAMT: Your Trusted Partner!

    As a proud member of HLB International, HLB HAMT is proud to offer you the benefits of this global network, ensuring you receive the personalized service and expertise you need to succeed in today’s international business climate.

    Call our experts at +971 4 327 7775 or email dubai@hlbhamt.com to schedule a meeting.

     

     

    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
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    HLB HAMT Hosts Grand Annual Day Gala

    HLB HAMT News Team

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    HLB HAMT - Accounting Firm in UAE

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

      Schedule a Consultation






      HLB HAMT, the prominent UAE-based auditing, consulting, and tax advisory firm, illuminated Dubai with joy and festivity through a grand celebration for its annual day along with its 25-year jubilee celebration. The vibrant event, held on January 27, 2024, at Armani Pavilion, Burj Khalifa, brought together the HLB HAMT family, clients, stakeholders, and distinguished guests to commemorate another successful year of achievements and milestones.

      Notable figures, including HH Sheikh Sultan bin Khalifa Al Nahyan and HE Younis Haji Al Khoori, Undersecretary of the UAE Ministry of Finance, graced the gala celebration. The event was also attended by Mr. Marco Donzelli, CEO of HLB International, along with Mr. Hisham Ali Mohamed Al–Taher, Chairman & Partner, Mr. Vijay Anand, Founder Partner & CEO of HLB HAMT, and Mr. John Varghese, Managing Partner of HLB HAMT.

      The evening was a spectacular blend of entertainment, cultural performances, and reflective speeches that highlighted the firm’s two and half decades journey. As HLB HAMT celebrated its annual day, it not only rejoiced in the achievements of the moment but also took pride in 25 years of excellence, reinforcing its commitment to uphold standards of excellence, client satisfaction, and continued growth in the dynamic landscape of financial services.

      The leadership team expressed profound gratitude to the dedicated professionals, clients, and partners who have played an instrumental role in the firm’s success over the past quarter-century. The celebration not only showcased the unity and spirit of the HLB HAMT family but also set the stage for another year of continued achievements and contributions to the financial sector in the UAE.

      As HLB HAMT looks back on its accomplishments and forward to future endeavours, the jubilee celebration serves as  powerful testament to the firm’s resilience, growth, and unwavering commitment to making a positive and lasting impact on the financial landscape in the UAE.

       

       

      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
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      Get in touch

      Whatever your question our team will point you in the right direction

      Start the conversation

      HLB HAMT Launches USD 100,000 Scholarship to Empower Underprivileged Students in the UAE

      HLB HAMT News Team

      image

      HLB HAMT - Accounting Firm in UAE

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

        Schedule a Consultation






        In a landmark move aligning with its 25th-anniversary celebrations, HLB HAMT, a prominent UAE-based auditing, consulting, and tax advisory firm, has unveiled the HLB SEED (Seek, Educate, Empower & Development) project. This ground breaking scholarship program, valued at USD 100,000, aims to cover the expenses of professional accountancy education for students hailing from working-class families with limited financial means in the UAE.

        The launch event, held on January 27, 2024, was attended by esteemed figures such as HH Sheikh Sultan bin Khalifa Al Nahyan and HE Younis Haji Al Khoori, Undersecretary of the UAE Ministry of Finance. Notable dignitaries, including clients and stakeholders of HLB HAMT, marked the occasion. The initiative, inaugurated by Mr. Marco Donzelli, CEO of HLB International, along with Mr. Hisham Ali Mohamed Al–Taher, Chairman & Partner, Mr. Vijay Anand, Founder Partner & CEO of HLB HAMT, and Mr. John Varghese, Managing Partner of HLB HAMT, symbolizes the organization’s commitment to community development and marks its journey over the past 25 years.

        The HLB SEED project is tailored for individuals aspiring to pursue professional qualifications in accounting and finance, encompassing certifications like ACA (Associate member of the Institute of Chartered Accountants), ACCA (Association of Chartered Certified Accountants), and similar credentials.

        Mr. Marco Donzelli expressed pride in celebrating the firm’s 25th anniversary, emphasizing the HLB SEED project as a testament to their dedication to creating a positive societal impact. He highlighted education’s pivotal role in empowerment and stated that through this scholarship, they aim to instigate lasting positive change in the lives of working-class families and their children, fostering a community driven by knowledge and opportunity.

        Mr. Hisham Ali Mohamed Al–Taher, Chairman & Partner, emphasized that the HLB SEED project goes beyond financial aid; it unlocks gateways to a future full of possibilities for talented children. The initiative aims to cultivate a diverse talent pool that will make substantial contributions to the evolving realms of accounting and finance.

        Mr. Vijay Anand emphasized the significance of the scholarship for underprivileged working-class families, stating that it provides a pathway to education and professional growth. He invited ambitious learners to apply and expressed a commitment to breaking barriers, promoting inclusivity, and empowering individuals for a brighter future.

        Mr. John Varghese described the HLB SEED project as an investment in the future, anticipating that scholarship recipients will excel in their chosen fields and positively contribute to the community. He emphasized the alignment of this initiative with the firm’s commitment to corporate social responsibility and ambitious goals for community development in the UAE.

        Beyond its corporate social responsibility initiatives, HLB HAMT has significantly contributed to the UAE’s financial landscape since its establishment in 1999 in Dubai. With a strong global presence, the firm has become the seventh-largest auditing and tax advisory firm in the UAE, housing 14 partners, leading in eight diverse service divisions, operating from seven offices, and boasting a dedicated team of over 250 professionals.

        Over its 25 years, HLB HAMT has expanded globally, joining the HLB International network, a dynamic global alliance of independent advisory and accounting firms. The firm leverages its connectivity across 156 countries to provide unparalleled service, combining local insights with international perspectives. HLB HAMT’s journey is marked by local achievements and a significant impact on the global stage, showcasing its prowess in navigating the complex and interconnected landscape of global business.

         

         

         

        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
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        Get in touch

        Whatever your question our team will point you in the right direction

        Start the conversation

        RCM applicability for the supply of electronic devices in the UAE

        Attention – Electronic Industry

        HLB HAMT News Team
        Effective date: 30.10.2023

        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






          Implementing Value Added Tax (VAT) Reverse Charge Mechanism (RCM) for electronic devices from 30th October 2023 involves several key steps and considerations. Below are some important notes and steps to help you implement RCM VAT on electronic devices effectively:

          • Supplier Communication

            Communicate with your suppliers, informing them of the transition to RCM for electronic devices. This is important to ensure they issue invoices in compliance with RCM rules.

          • Customer Communication

            Inform your regular customers about the new RCM applicability as well as the necessary paperwork and compliance requirements.

          • Update Accounting Systems

            Adjust your accounting and invoicing systems to accommodate the new RCM requirements. This may involve changes to your software and processes.

          • Invoice Review

            Review invoices from your suppliers carefully to ensure they are line with the Legislation.

          • Stock Valuation

            Ensure that physical closing stock as on 30th October is matching with the system stock and no discrepancies exists.

          • Consultation with Tax Experts

            Consider consulting a tax professional or expert who is knowledgeable about VAT and RCM. They can provide specific guidance based on your location and circumstances.

          The new RCM applicability will have a significant change in your tax compliance procedures, and it’s important to approach it with care and diligence.

          How HLB HAMT can help?

          Having a proficient tax team is essential for providing comprehensive & effective support to clients navigating the complexities of taxation. A strong tax team combines expertise, collaboration, and a client-centric approach to ensure optimal tax strategies and compliance.

          Our tech-driven professionals ensure that we make use of the latest technologies to provide accurate and effective results to clients. Moreover, we are first among the few registered tax agents at Federal Tax Authority enabling us to provide the best in quality services.

          Any questions or queries on this, please revert to tax@hlbhamt.com

           

           

          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
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          HLB HAMT’s Intelligent Automation & AI Centre Of Excellence

          HLB HAMT News Team

          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






            At the recently concluded GITEX Global 2023, Automation Anywhere, a global leader in Intelligent Automation and Artificial Intelligence (AI), appointed HLB HAMT as a partner to serve as a Centre of Excellence (CoE) in the UAE and beyond. The creation of a Robotic Process Automation Centre of Excellence (RPA CoE) by the company highlights how important it is for HLB HAMT to lead the digital transformation of the solutions it offers to the public and commercial sectors.

            Automation Anywhere is renowned for offering the most extensively used AI-powered automation platform available and for cultivating a community centred around making end-to-end process automation possible for businesses of all sizes.

            The CoE centre at HLB HAMT will provide a wide range of cross-functional capabilities, identifying and implementing effective solutions customized for businesses in certain industries, in close partnership with Automation Anywhere. These include modern analytics and artificial intelligence (AI), digital consultancy, and smooth integration and automation. In addition, HLB HAMT offers customized solutions for Sage X3 and SAP Business One in addition to other flexible platform options to meet a range of digital needs.

            The HLB HAMT CoE hub is a painstakingly crafted, cross-functional hub dedicated to enabling companies and government agencies to fully grasp the potential of automation and achieve observable, practical outcomes. The role of a Centre of Excellence (CoE) in automation is crucial for the successful implementation and management of automation initiatives within an organization. A CoE will act as a centralized entity responsible for establishing best practices, providing expertise, and driving automation adoption for our clients. Our CoE can implement end-to-end Hyper-intelligent automation solutions for organizations of all sizes. What sets us apart is our unique methodology, which begins with examining key areas that require automation and triggers our automation journey.

            Moving forward, our team will closely work with Automation Anywhere as a team to ensure a seamless integration and successful execution of the upcoming projects.

            Mr. John Varghese, Managing Partner of HLB HAMT, commented on the CoE development, saying, “We are excited to start this revolutionary journey with Automation Anywhere”.

            This significant advancement highlights our joint commitment with the AA to provide digital innovation, operational effectiveness, and cost savings for businesses in the UAE and beyond.

            HLB HAMT CEO Mr. Vijay Anand continued, “The Intelligent automation CoE at HLB HAMT will harness the full potential of robotic process automation and ensure its successful implementation across the organization.

            Mr. Manoj Kumar, Senior Partner at HLB HAMT, spoke on the CoE’s deployment and stated, “We firmly believe that establishing a CoE for intelligent automation is essential for organizations looking to maximize RPA’s potential. Drawing on our extensive experience and expertise.

            HLB HAMT has an impeccable track record in delivering financial and advisory services,” stated Mr. Raj Mistry, Executive Vice President of Sales and General Manager of Automation Anywhere in the EMEA region. Additionally, their knowledge, openness to new ideas and technology, and forward-thinking vision perfectly match our objective of automating business process transformation. As a team, we can effectively propel innovation and optimize processes for our clients, generating a synergy that will allow us to keep changing the digital world.

            HLB HAMT is a professionally expanding company that is currently listed as the 7th largest auditing and tax advice firm in the United Arab Emirates and 10th globally. The organization has approximately 200 professionals and a team of 14 partners that focus on providing audit, tax, advisory, and consulting services. HLB HAMT is ideally positioned to serve domestic and foreign clients, providing a global perspective and individualized care, from its seven strategically placed offices.

             

             

            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

            VAT Public Clarification | VATP034

            Application of the Reverse Charge Mechanism on Electronic Devices among Registrants in the State for the purposes of Value Added Tax

            HLB HAMT Tax 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






              UAE implemented RCM applicability on mobile devices via Cabinet Resolution No. (91) of 2023, which could have an effect on the electronic industry.

              The Public Clarification intends to clarify the purpose of the updates in the legislation, the goods in scope, and the practical implications of the compliance requirements introduced.

              Scope of Transactions – For resale or to use in production or manufacturing

              Transactions will only fall within the scope of Cabinet Decision No. 91 if the intention of the Recipient of the Electronic Devices was to resell these Electronic Devices or use them in producing or manufacturing Electronic Devices.

              Scope of goods – Electronic Devices

              This clarification only applies to Electronic Devices as these goods are specifically defined under Article 1 of the Cabinet Decision No. 91.

              • The scope of Cabinet Decision No. 91 is restricted to mobile phones that operate through wireless transmission.
              • The Decision also applies to computer devices whereby no distinction applies if such computer devices operate through wireless transmission or require physical means.
              • For the parts and pieces of Electronic Devices, the Minister of Finance shall issue a decision that will specify the criteria that should be followed in determining the pieces or parts related to Electronic Devices.
              • It is the responsibility of Registrants to assess whether a supply that includes a component of making charges constitutes a single composite supply or if they are multiple supplies. If the making charges constitute a separate supply, this supply does not fall within the scope of Cabinet Decision No. 91.

              Reverse Charge Mechanism (RCM)

              If a VAT-registered supplier supplies any of the electronic devices defined in Cabinet Decision 91 to a VAT-registered recipient, and the recipient intends to resell or use them to produce or manufacture electronic devices, the following rules apply:

              • The supplier shall not be responsible for charging VAT on the supply.
              • The recipient of the electronic devices is responsible for accounting the same in RCM under box no. 3 of the VAT Return.

              Note: The supplier should retain a written declaration from the recipient confirming the intended use and VAT registration status.

              Taxable supplies falling outside the scope of Cabinet Decision No. 91 – Direct and Indirect Exports

              • The provisions of Cabinet Decision No. 91 do not apply in case the supplier, registered for VAT, makes a direct or indirect export of Electronic Devices.
              • If the conditions for zero-rating are met, exports will not trigger any output tax to account for but will be reported as zero-rated supplies.

              Not meeting the compliance requirements – the supplier accounts for VAT

              If the Recipient did not, prior to the date of the supply, provide the supplier with the declaration of intent and the declaration confirming that he is a Registrant, then the supplier must account for Output Tax on the supply of the Electronic Devices, unless the supply meets the conditions for zero-rating.

              Not meeting the compliance requirements – the Recipient cannot recover the input tax

              If the Recipient of the Electronic Devices does not, before the date of supply, provide the supplier with the declaration of intent and the declaration confirming that he is a Registrant, the Input Tax incurred by him on the supply of the Electronic Devices is not recoverable.

              Designated Zones

              A supply of Electronic Devices from the UAE mainland to a Designated Zone, or a movement of such goods from the UAE mainland to a Designated Zone subject to the provisions of Cabinet Decision No. 91.

              Effective date:  30th October 2023

              All supplies of Electronic Devices with a date of supply of 30 October 2023 or later, shall be subject to the VAT treatment and compliance requirements as clarified in the Public Clarification.

              Any questions or queries on this, please revert to tax@hlbhamt.com

               

               

              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 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.

                       

                       

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                      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
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