Forum Posts

• jon snatham

  • 5 posts
  Posted in the topic UAE Economic Substance Regulations Update in the forum News and Announcements

  June 16, 2020 8:53 AM EDT

  Further to the presentation of the monetary ESR guidelines ("Regulations") a year ago , the UAE Ministry of Finance ("MoF") as of late gave a guide on pertinent exercises and center salary producing exercises ("Relevant Activities Guide"). The issuance of the Relevant Activities Guide follows the issuance of direction on the monetary substance prerequisites and the distribution of FAQs by the MoF and the issuance of the bureau goals on deciding administrative specialists.

  Important Activities Guide – Highlights

  In the Relevant Activities Guide, the MoF has explained that organizations should look past the business exercises referenced in the permit or enlistment archive in evaluating whether they are doing an applicable movement.

  Further, the MoF has shown that center pay creating exercises ("CIGAs") are exercises that are of focal significance to the licensee for the age of gross salary from its applicable movement.

  The Relevant Activities Guide gave certain models on CIGAs in regard of each pertinent movement.

  Cutoff time – Notification Filing

  Notwithstanding the commitment to present a yearly report, licensees are likewise required to advise their significant administrative expert on a yearly premise with regards to whether they are completing a pertinent movement. Beforehand, some administrative specialists had reported cutoff times for the documenting of the warning. Considering the current COVID-19 circumstance, a couple of these cutoff times were expanded.

• jon snatham

  • 5 posts
  Posted in the topic Is Outsourcing Your Business A Good Option? in the forum News and Announcements

  June 3, 2020 9:44 AM EDT

  Successful companies are constantly searching for more efficient and cost-effective measures to better run their internal business operations. Some companies build in-house expertise and resources to implement strong processes and systems while others focus on their core competencies and work with partners to complement their weaknesses.

  In the second scenario, outsourcing to a partner or hr consultants in Dubai  is an especially attractive option to reduce costs and gain additional expertise on non-core processes such as administrative HRM & payroll.  Therefore Outsourcing HR can be a smart investment for businesses and in this blog we discuss the benefits and implications you should consider. 

• jon snatham

  • 5 posts
  Posted in the topic International Monetary Fund Insights- Covid 19 in the forum Services

  May 10, 2020 3:33 AM EDT

  Governments worldwide have taken major action not only to fight the pandemic and save lives but also implement fiscal measure to protect their economies. To date, fiscal measures have exceeded more than $8 trillion and Central Banks have also attempted to boost their economies with increased liquidity. These are unprecedented stimulus measures to stave a major collapse.

  

  In this blog we summarise the insights the International Monetary Fund has detailed in recent communications analysing the geopolitical economic responses to COVID 19. At the heart of their analysis is that the world requires a global response to this global epidemic. Uncoordinated efforts are likely to prolong and exacerbate effects and which has been the case to date .

  The shock is unusual in that it affects both supply and demand at the same time. The increased costs to businesses and credit tightening has affected overall supply. Similarly, high uncertainty, unemployment, salary cuts and reduced spending has lowered demand.

• jon snatham

  • 5 posts
  Posted in the topic We offers Accounting and TAX solution Services in UAE in the forum Off-Topic Discussions

  April 26, 2020 4:09 AM EDT

  Our expert accountants provide you Quality Accounting & Bookkeeping Services in UAE. Email or call us to learn more. Team of Experts. Auditing Services. Tax Consultancy. Lowest Fee. Dedicated Accountants. Quality Work Guaranteed. Free Initial Consultation.

  

• jon snatham

  • 5 posts
  Posted in the topic Employment Rules Resulting From COVID-19 Outbreak in the forum Services

  April 19, 2020 7:32 AM EDT

  Since the outbreak of coronavirus (Covid-19), all employers are assessing how to best mitigate the impact to its work force employees and workplace.

  

  This has raised important concerns related to UAE employment law for a workforce that is dominated by an expats. With this backdrop, the HR department becomes critical in not only setting guidelines in protecting employees but at the same time support the business performance.

  For hard hit companies operating in industries such as hospitality, hotels and airlines that are directly being affected by the economic downturn / recession, the UAE Labour Law now provides a degree of flexibility to modify current employee contracts.

  This post was edited by jon snatham at April 19, 2020 7:32 AM EDT