In BDO’s IFRB 2024/09: On 31 July 2024, the IASB issued an Exposure draft titled Climate-related and other uncertainties in the financial statements. This exposure draft proposes to add eight illustrative examples to IFRS Accounting Standards with an objective to improve how the financial statements present and disclose financial information of climate-related and other risks. This BDO IFR Bulletin 2024/09 provides a snapshot of the proposed illustrative examples, along with an overall understanding behind developing those examples. Please read more here: https://lnkd.in/debivJN4 Parag Patadiya, Muhammad Husnain Munawar & Aman Maheshwari #BDO #BDOUAE #IFRSUpdates
BDO UAE
المحاسبة
BDO is a global leading accountancy and business advisory organisation #audit #tax #outsourcing #advisory
نبذة عنا
BDO is a worldwide network of professional services firms, called BDO Member Firms. With more than 115,661 people working out of 1,776 offices in 166 countries & territories worldwide. BDO is one of the leading professional firms in the world providing audit, tax, outsourcing and advisory services with revenues of US $14 billion. We are well equipped to assist any business, whether it is a start-up or an established enterprise looking to take the next step from ground level to the pinnacle of success. To identify the highest value opportunity of your businesses and to address your most likely critical challenges, BDO provides the following services: • Assurance • Accounting Services • Tax Advisory Services • Corporate Finance • Risk Advisory • Technology Advisory • Forensic Advisory • Payroll Outsourcing Our objective is to deliver our national and international clients with quality services. We know that close and effective relationships matter to you and we are committed to a long term relationship as your trusted professional adviser. There are many world-class accounting firms, but there are far fewer that offer a culture so rich in professional opportunity, personal fulfillment, and long-term growth. We are committed to the sustainable development of our people’s professional life. We respect the people who work for us and provide them with the opportunity to develop their talents. Accountability and personal responsibility is encouraged at all levels and structured career planning and training gives our people more client experience and more partner time. Our global culture is built on respect and awareness of local cultural needs and differences and we aim to be an ethical, socially and environmentally responsible organisation anywhere in the world. Yes, we are different. For us: • Partners and staff are accessible • Our people managers encourage collaboration • BDO culture emphasizes career growth • We have offices around the globe
- الموقع الإلكتروني
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http://www.bdo.ae
رابط خارجي لـ BDO UAE
- المجال المهني
- المحاسبة
- حجم الشركة
- ٢٠١ - ٥٠٠ من الموظفين
- المقر الرئيسي
- PO Box 1961
- النوع
- شراكة
- تم التأسيس
- 1967
- التخصصات
- Assurance، Internal Audit، Accounting Services، Technology Advisory، Risk Advisory، Corporate Finance، Company formation and advice، Forensic Services، Payroll Outsourcing، و Tax advisory
المواقع الجغرافية
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رئيسي
23rd Floor, Burjuman Business Tower
Sheikh Khalifa Bin Zayed Road
PO Box 1961، Dubai، AE
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9th Floor, Al Batha Tower
Buhaira Corniche, Al Majaz
Sharjah، PO Box 27064، AE
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6th floor
Dhafir Tower, Najdah Street
Abu Dhabi، PO Box 25836، AE
موظفين في BDO UAE
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Charles Tungwarara, CIA,CRMA,SEA
Head of Business Process, ESG & Sustainability | Internal Audit | Governance | Risk Management | Compliance | Sustainability
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Amin Musa Mohsin
Partner - Advisory Services at BDO
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Dr. Madan Mohan CCISO CIPP/E CISA CISM CDPSE DCPLA
Digital Risk, Compliance and Governance | CISO | DPO
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Aadil Hamzabhai
Associate, Assurance Services at BDO
التحديثات
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The Gulf Cooperation Council (GCC) is a thriving hub for global trade, offering unparalleled access to key markets, robust regulatory frameworks and a wealth of opportunities. However, understanding the complex landscape of business entity structures can take time, especially for those unfamiliar with the region. This BDO guide provides essential insights and practical advice to help foreign businesses confidently establish and thrive in the GCC. Read more here: https://lnkd.in/dB8vH78f Deepak Chakingal & Gihad Al-Amri #BDO #BDOUAE #GCCBusinessSetup #BDOGuide #InvestInTheGulf
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The UAE government recently issued Federal Decree-Law No. (11) of 2024 ‘On the reduction of climate change effects’, which comes into effect on 30 May 2025. The Law provides a regulatory framework to support the country’s Net Zero 2050 ambition. Read more here: https://lnkd.in/dkeXzKGp Shivendra J., Charles Tungwarara, CIA,CRMA,SEA & Oluwasegun Sonola MBA, CIA, CISA, CRMA, PMP® #BDO #BDOUAE #ESG #ClimateChange #Sustainability #Innovation #Regulation #GreenEconomy #ClimateNeutrality
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While Article 55 of the Federal Decree-Law No. 47 of 2022 outlines the disclosure requirements for transactions and arrangements with related parties and connected persons, the specifics of filing process, including the disclosure format and mode of filings remained unclear. Recently certain taxpayers with imminent corporate tax (CT) return deadlines have reported the appearance of the related party and connected person schedules, as a part of their CT return, on Emara tax portal. This post aims to highlight the key requirements and content of these schedules, shares our observations, and identify areas where further clarification from the Federal Tax Authority (FTA) is needed. As we adapt to these new compliance expectations, it’s essential for taxpayers to thoroughly understand the requirements, prepare the necessary documentation, and remain vigilant for updates from the FTA. Read more here: https://lnkd.in/dMyJ94-c Ashish Athavale, Brian Conn, Mufaddal Safdari FCCA, Amrita Chandwani, Ankur Shah, Mayur Mundhada, Kapil Bathija, Devina Ogale, Anshul Sharma, Pratik Manani, Dhruv Mehta & Shivangi Sethi #BDO #BDOUAE #Corporatetax
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Tax News ⚠️ The Ministry of Finance has issued Cabinet Decision No. 98 of 2024, which amends Cabinet Decision No. 57 of 2020 regarding Economic Substance Requirements (ESR). The English translation of the Cabinet Decision is awaited. A new Article No. 2 has been added to specify the periods covered by the ESR, confirming that the provisions will apply to financial years from 01 January 2019 to 31 December 2022. The amendments indicate that the ESR will be withdrawn from financial years starting on or after January 1, 2023. Further, any administrative fines imposed on licensees or exempted licensees for non-compliance with the ESR for years beyond 31 December 2022 will be refunded. This Cabinet Decision aligns with the recent message on the Ministry of Finance ESR Portal during the filing of ESR Notifications. It had long been expected that the ESR would be phased out following the implementation of Corporate Tax in the UAE, although the timeline was previously unclear. #bdo #bdouae ##taxnews #ESR Ashish Athavale Brian Conn Mufaddal Safdari FCCA Amrita Chandwani Anshul Sharma Pratik Manani Devina Ogale Dhruv Mehta Shivangi Sethi
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With incidents of fraud rising exponentially, corporate fraud remains an insidious threat to every organisation and there is a critical need for organisations to review their corporate governance structures. In this article, BDO’s fraud & forensics experts outline the key themes that aid the perpetrators of alleged fraud – and suggest a step by step proactive and strategic approach to help mitigate significant fraud or corruption incidents. Read more here: https://lnkd.in/e4izH-Y4 Shivendra J., Rahul Samdani, CA, CFE, FAFD & Zeeshan Shahid #BDO #BDOUAE #FraudPrevention #CorporateGovernance
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With cyber threats growing more sophisticated and pervasive every year, how can businesses safeguard their organisations? It starts by asking the right questions. For Cyber security month 2024, BDO has adopted a theme of Guardians of digital trust, aimed at Board-level executives. This article explores how to enhance Board’s cybersecurity knowledge. Read more here: https://lnkd.in/dFwGPRip Shivendra J., Dr. Madan Mohan CCISO CIPP/E CISA CISM CDPSE DCPLA & Rahul Wadhwani #BDO #BDOUAE #CybersecurityAwarenessMonth
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On 2 October 2024, the UAE Federal Tax Authority (FTA) released Cabinet Decision No. 100 of 2024, amending the Executive Regulations of the Federal Decree Law No. 8 of 2017 on Value Added Tax (Updated ER). The Updated ER will be effective from 15 November 2024 unless an earlier effective date is specified. The Updated ER introduces substantial changes to the VAT landscape, impacting several priority sectors, including Real Estate, Virtual Assets (Cryptocurrencies) and Investment Fund Management. In addition to altering the VAT treatment in these areas, the Updated ER addresses various compliance inconsistencies, aiming to streamline and enhance the overall regulatory framework. BDO UAE has prepared a summary of the key amendments. Read more here: https://lnkd.in/ebGj4v_8 For more detailed insights and assistance with navigating through these updates, feel free to connect with our tax experts. Ashish Athavale, Brian Conn, Mufaddal Safdari FCCA, Amrita Chandwani, Ankur Shah, Mayur Mundhada, Kapil Bathija, Devina Ogale, Anshul Sharma, Pratik Manani, Dhruv Mehta & Shivangi Sethi #BDO #BDOUAE #UAEVAT #VATUpdates #ExecutiveRegulations #TaxConsultancy
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With the introduction of corporate tax in the UAE, Transfer Pricing (TP) rules are now in effect for entities with tax periods starting on or after 1 June 2023. These rules affect businesses operating in the UAE that engage in transactions with related parties and connected persons. To help businesses stay compliant with the TP requirements, we have prepared a document outlining the key aspects of the UAE’s TP requirements, along with practical guidance on how businesses can navigate these requirements. Explore our insights on UAE’s TP framework to learn how to align your TP practices with the new requirements and mitigate potential risks. If you have any questions or need further assistance, please reach out to our transfer pricing experts. Read more here: https://lnkd.in/emFc7npg Ashish Athavale, Brian Conn, Mufaddal Safdari FCCA, Amrita Chandwani, Ankur Shah, Mayur Mundhada, Kapil Bathija, Devina Ogale, Anshul Sharma & Pratik Manani #TransferPricing #UAECTLaw #TaxCompliance #CorporateTax #Taxation #InternationalTaxation #OECD #TPCompliance #UAETax #UAETaxation #BEPS
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The global minimum tax is one of the most consequential developments in international taxation. BDO’s Pillar Two Implementation Tracker provides a high-level summary and updates on the adoption of the Pillar Two proposals around the world. Recent updates include draft legislation submitted to the Singapore parliament that would implement a global minimum tax, as well as a refundable investment credit to offset the impact of the Pillar Two rules and new draft guidance on the tax in the UK. Read more here: https://lnkd.in/gQYmqzrG Ashish Athavale, Brian Conn, Mufaddal Safdari FCCA, Amrita Chandwani, Ankur Shah, Mayur Mundhada, Kapil Bathija & Devina Ogale #BDO #BDOUAE #Tax #TaxNews #GlobalTax