Corporate Tax Archives | APT Global Firms

20 Jun 24

Supporting Small Enterprises: Understanding UAE’s Small Business Relief

Avinash Gupta and Uttam Patel
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In the dynamic landscape of corporate taxation, fostering an environment conducive to the growth of small businesses is crucial for economic vitality. Recognizing this, the United Arab Emirates (UAE) has introduced Small Business Relief provisions under Article 21 of the UAE Corporate Tax Law. Let’s delve into the key components…

05 May 24

Evaluation of Misstatement in Audit Engagement (Part i)

Introduction: Definitions and Objectives i. Objectives and Definitions Inherent misstatement is defined as a misstatement of an amount or disclosure that is not in accordance with the applicable financial reporting framework, created by the difference between the amount, classification, presentation, or disclosure of that amount or disclosure in the financial…

16 Apr 24

Internal Controls at the in Statutory Audit (Part ix)

Challenges and Limitations of Internal Controls in Statutory Audit/External Auditor Procedures The challenges and limitations are the obstacles that the internal control system faces. The main challenges and limitations are those that cause the auditor to rely on internal controls. If they are not able to do so, auditors will…

27 Mar 24

Internal Controls at the in Statutory Audit (Part vii)

The Role of Internal Controls in Statutory Audit/External Auditor Procedures Objective Internal controls are the specific accounting and financial control procedures that are established by organizations to provide reasonable assurance that the organizations’ stated objectives will be achieved. These objectives are (1) effectiveness and efficiency of operations, (2) reliability of…

16 Jan 24

Elements of Audit Report: Audit Opinion (a. Limited vs. Reasonable Assurance )(Part vi)

The audit opinion is a pivotal element of an audit report, providing stakeholders with a clear understanding of the auditor’s assessment of the financial statements. It serves as a culmination of the auditor’s efforts, reflecting the level of assurance provided on the accuracy and fairness of the financial information. In…

December 18, 2023
Ayoub Al Shamali
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Day 2 Chandigarh Branch along with Ludhiana and Bahadurgarh Branch of NIRC of ICAI organised a 4 days Online Web series on Transfer Pricing from 28/04/2020 (Tuesday) – 6 PM to 8 PM daily Speaker: CA Avinash Gupta (Experienced Practitioner in Transfer Pricing and NIRC Member) Topics to be covered:…

12 Nov 23

Understanding UAE Transfer Pricing Regulations

The United Arab Emirates (UAE) has implemented a robust Transfer Pricing (TP) regime, in line with international standards such as the OECD TP Guidelines (OECD TPG) and BEPS. This article delves into the intricacies of Article 34, 35, and 36 of the UAE Corporate Tax Law, its implementing decisions, guide…

12 Nov 23

Small Business Relief under UAE Corporate Tax

The UAE Corporate Tax Law, in its pursuit of fostering a thriving business environment, introduces Article 21, known as Small Business Relief. This provision aims to extend corporate tax relief to Resident Taxable Persons whose revenue falls below a specified threshold. Small Business Relief is a strategic move to support…

Corporate Tax

Supporting Small Enterprises: Understanding UAE’s Small Business Relief

Evaluation of Misstatement in Audit Engagement (Part i)

Internal Controls at the in Statutory Audit (Part ix)

Internal Controls at the in Statutory Audit (Part vii)

Elements of Audit Report: Audit Opinion (a. Limited vs. Reasonable Assurance )(Part vi)

Transfer Pricing Methods – CA Avinash Gupta

Understanding UAE Transfer Pricing Regulations

Small Business Relief under UAE Corporate Tax

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