Good Vibrations: Positive News From our Members
Over the past two years, we’ve been bombarded with negative news story after negative news story, doomscrolling ourselves into a frenzy. Today, we want to change gear by focusing on some much-needed positivity. Although it was an extremely challenging period, the pandemic sparked a new wave of potential and opportunity for accountants. As a result, […]
Oman to introduce five per cent Value-Added Tax (VAT) starting April 16 onwards. Is your accounting documentation ready?
An estimated 1.5 per cent increase towards the country’s gross domestic product (GDP) is projected once the VAT is introduced. This will have a positive impact on the economic and social development and the international competitiveness of the Sultanate. The implementation of the 5% VAT comes in line with the GCC framework that was agreed upon […]
Adapting to Economic Substance Regulations in UAE
As the world continues to grapple with unprecedented challenges and disruptions to ‘normal’ working practices, some businesses are finding it harder than others to maintain financial stability. A company’s ability to adapt to change is often compared to a ‘fight or flight’ scenario in which they must choose between surrendering to adversity or embracing new […]