Recent UAE tax developments affect cross-border investment, banks, small businesses and multinational groups. Qatar has ratified its double tax treaty with the UAE, the FTA has clarified AT1 corporate tax treatment, Small Business Relief is extended to 2029, and new Top-up Tax registration deadlines apply. This alert sets out the practical actions for each.
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The FATF's Roadmap 26 to 28 on combatting fraud reshapes what "effective" AML looks like. When fraud and laundering form part of the same transaction sequence, banks need integrated controls, faster detection and clearer authority to act. Grant Thornton UAE examines what this means for banks now.
At its core, IFRS 15 replaces old, industry-driven shortcuts with a single, principles-based framework built around the transfer of control, not billing milestones or legacy practices. In real estate, that distinction is not academic—it is fundamental. A signed sales agreement, a down payment received, or even regulatory registration does not automatically translate into revenue as these are pre-requisites for revenue recognition. The question is always sharper: has control of the asset, or the value being created, truly been transferred to the customer? Read our article to learn more.
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In a race against time, governments are issuing directives on effective precautions against the Novel Coronavirus (COVID-19) globally to prepare for what is to come as peak-virus over the next 4 to 6 weeks.
Let’s call a meeting to discuss COVID-19 epidemic risk management. No, let's not. Calling a meeting creates a state of panic and promotes congregating in groups at a time when a virus can be transmitted to two people from one infected person- it is not a good idea. What is, however, is having team leaders, risk champions, business continuity professionals, Human Resources, and communications teams collaborate online and agree on a comprehensive strategy to manage the risk and here is how to do it.
Over the last 12 months, our women in business research has drilled down into the gender diversity stats of mid-market organisations around the world, looking at how the numbers are changing, and most importantly, what businesses are doing to make them change.
The disappearance of LIBOR will not only impact UK but it is expected to have worldwide repercussions
The Insurance Authority recently released Circular No. (21) of 2019 regarding 2020 Reporting Requirements for All Insurance Companies Operating in the UAE.
The DEWS (DIFC Employee Workplace Savings) Plan is a progressive End-of-service Benefit Plan introduced within the Dubai International Financial Center (DIFC) to restructure the current End-of-service Gratuity Plan into a funded and professionally managed Defined Contribution Plan.
As a member of Organization for Economic Development and Cooperation (OECD), and in response to an assessment of the UAE’s tax framework by the European Union Code of Conduct Group, the UAE has committed to ensuring standards related to Base Erosion and Profit Shifting (BEPS) are implemented.
The member firms within Grant Thornton International Ltd (GTIL) have extensive expertise in the application of IFRS. GTIL, through its IFRS team, develops guidance that supports its member firms’ commitment to high quality, consistent application of IFRS and is pleased to share these insights by publishing ‘Example Interim Consolidated Financial Statements 2020'.
We, at Grant Thornton UAE (“GT”), believe in fostering gender balance in the workforce, as a matter of purpose. We’ve seen the positive, tangible effects when organizations put this view into action and how this translates into a bottom-line enhancing position.
FIs need to re-focus their businesses and reconsider strategies to respond to the large amount of regulation, in an economic environment that is fundamentally more restraining. This can be achieved via five key areas of transformation for 2020 and beyond.
The world’s leading survey of mid-market companies, Grant Thornton’s IBR, once again provides vital insight into the health of the global mid-market. These results for H1 2019 reflect the views of nearly 5,000 mid-market companies across 30+ countries interviewed in May and June of this year.
The global economic cycle has peaked and businesses face a more downbeat global economy in 2019. However, while the headlines appear daunting, there are good reasons for business leaders to hold their nerve.
With the Chinese financial services industry entering international jurisdictions, where does Islamic Finance fall in it's path of growth?
Our annual report on women in business reveals that introducing policies alone is not enough to drive real progress, and that gender diversity gaps remain at a leadership level. If policy is not driving more women to the top, despite widespread use, then what will?
The gender diversity issue has been on the business agenda for many years now, yet a third of businesses still have no women at a senior management level. We know that significant performance benefits come with having a diverse leadership team and there are certainly a large number of women capable of joining such teams.
The gender agenda and the benefits of having a diverse board and workplace has long been studied, yet we still see no significant change.