Overview of CRS and FATCA Regulations in Dubai International Financial Centre (DIFC)
Background and Implementation In 2010, the United States implemented FATCA, which mandated financial institutions to provide the IRS with information about their U.S. account holders. In 2014, the OECD created CRS based on FATCA principles. The UAE introduced the UAE CRS in 2015, applying to all UAE jurisdictions, including financial free zones like the DIFC.
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Accounting Cybersecurity: How to Keep Financial Data Secure and Safe
Accounting Cybersecurity: How to Keep Financial Data Secure and Safe Cybercrimes are evolving day-by-day, causing various industry businesses immense losses, especially in the Accounting industries. It makes Accounting Cybersecurity an essential measure. Hackers target vulnerable systems containing important financial data & can be an easy target for them. Especially Financial data is the primary target
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List of CA Firms in Dubai 2023
There are several factors to consider when looking for the best CA firm in Dubai. Some things to consider include the firm’s reputation, the qualifications and experience of its staff, the range of services offered, and the firm’s fees. It is also important to consider whether the firm has a good working relationship with the Dubai authorities, as this will be important for getting your financial and business matters in order. It may also be helpful to ask for recommendations from other business owners or professionals in the area, as they may have personal experience working with different CA firms.
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How to handle every Payroll management challenge with ease?
How to handle every Payroll management challenge with ease Payroll management refers to the process of administering the financial aspects of an organization’s employees, including the calculation and distribution of their salaries, taxes, and other deductions. This typically includes tasks such as tracking employee time and attendance, calculating wages and taxes, and preparing and issuing
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Data Security Tips for Accountants in Dubai
With everything digitalized, Data violation is not a surprise. Many accounting Firms and Accountants in Dubai fall victim to such cybercrimes. Accountants gather proprietary and sensitive data from both corporate and clients. Often this data consists of National ID numbers, Addresses, Social security numbers, and financial information such as bank account information and credit card numbers.
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How Bkper and RVG Accounting use automation to improve client’s financial reports for analysis
Problem / The challengeLets See how Bkper solved one of our client’s need very easy . Although accurate financial statements are a very helpful resource, analysis of your business can still be challenging as soon as you grow and work with larger amounts of data. Understanding this and looking for a solution to centralize and
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What is Green Visa in UAE and Who is Eligible for it?
Green Visa in UAE In this blog, you can read about the green visa in UAE, who is eligible and application procedures. Before going to further details, let us know what actually Green Visa is What is Green Visa in UAE? Green Visa in UAE is a type of residence Visa, which allows it holder
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How difficult is it to find, Accounting /Auditing Jobs in Dubai in 2022?
Read : How difficult is it to find, Accounting /Auditing Jobs in Dubai in 2022? Accountants and Auditors, are often labeled as little more than math geeks who sit in a dark cubicle tabulating endless, mind-numbing streams of numbers. Regardless, accountants need to have strong math skills; the role is much more. Today accounting is
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The Future of Crypto Assets Regulation in the UAE
The Future of Crypto Assets Regulation in the UAE In this Blog you can Read about the Crypto Assets Regulation in UAE In the world of finance, the word crypto is evolving rapidly. The terminology Crypto is simultaneously developing with other terms such as crypto assets, cryptocurrencies, security tokens, and non-fungible tokens. A frequent matter
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10 Business ideas to do in Dubai 2022
10 Business ideas to do in Dubai 2022 If you are one of them wondering what type of business to set up here, we have listed the top 10 Business ideas to do in Dubai. We all know how well a business contributes to society; A good Business brings innovation to the market and facilitates
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