UAE VAT Update: New Reverse Charge Mechanism for Metal Scrap
The Ministry of Finance has introduced the Reverse Charge Mechanism (RCM) for local supplies of metal scrap between VAT-registered businesses in the UAE. • VAT liability now shifts from the supplier to the recipient, subject to prescribed conditions. • Objective: curb VAT leakage and enhance compliance in the scrap trading & recycling sector. Effective from […]
Reimagining Global Mobility: AJMS LG’s Submission to the OECD
AJMS LG Submits Response to OECD Public Consultation on Global Mobility of Individuals We are pleased to share that AJMS LG has formally submitted its response to the OECD Public Consultation on the Global Mobility of Individuals. Our response focuses on transfer pricing issues beyond PE creation, particularly how employee mobility interacts with the OECD […]
GCGRA and the New Era of Responsible Gaming in the UAE
The establishment of the 𝐆𝐞𝐧𝐞𝐫𝐚𝐥 𝐂𝐨𝐦𝐦𝐞𝐫𝐜𝐢𝐚𝐥 𝐆𝐚𝐦𝐢𝐧𝐠 𝐑𝐞𝐠𝐮𝐥𝐚𝐭𝐨𝐫𝐲 𝐀𝐮𝐭𝐡𝐨𝐫𝐢𝐭𝐲 (𝐆𝐂𝐆𝐑𝐀) marks a significant milestone in the evolution of the UAE’s gaming industry. As the country advances its vision of becoming a global entertainment and tourism hub, regulatory compliance is no longer just a requirement—it is a strategic necessity. GCGRA’s framework places strong emphasis on 𝐩𝐥𝐚𝐲𝐞𝐫 […]
Internal Audit and Risk Management
Risk Culture: The Most Neglected Component of Enterprise Risk Management (ERM) Framework Risk Management is defined as set of coordinated activities to direct and control an organization with regard to risk. In all the three components of ERM, Culture is given utmost importance Culture in many ways is “what staff in your organization do when […]