Have you faced with situation, when you budget your revenues and expenses and come up with a good profit result for your company, but...

The taxpayer submitted tax returns for the prescribed tax periods as of January 2018, and these returns included supplies related to real...

The 2022 EY Tax and Finance Operations Survey queried 1,650 executives in more than 40 jurisdictions and a dozen industries in order to...

The newly formed International Sustainability Standards Board released two new proposals on the first IFRS Sustainability Disclosure...

All companies are facing climate-related risks and opportunities. Some are affected more than others. For some companies, the risks and...

On 31 January 2022 the Ministry of Finance (MOF) announced that federal corporate income tax (CIT) will be introduced in the UAE. The CIT...

The update to the Federal Law No. (7) of 2017 on Tax Procedures is the first update to the FTP Law since its introduction in 2017. The...

Annual Improvements to IFRS Standards 2018–2020 makes amendments to the following standards: IFRS 1 "First-time Adoption of International...

There are amendments to certain IFRS that come into force starting January 1, 2022: IFRS 3 "Business Combinations" It outlines the...

Now it is right time to start! Here are some budgeting tips from My Best CFO: Tip #1: Consider budgeting as a positive activity that...

To improve identification of potential divestments most companies need to initiate or increase the frequency of portfolio reviews, engage...

In accordance with Article (76) of the Chairman of SCA Board Decision No. (03 R.M.) of 2020 concerning adopting the Corporate Governance...

Sustainable investing is an investing that considers environmental, social and corporate governance (ESG) criteria to generate long-term...

Taxable persons who are willing to notify the Federal Tax Authority (FTA) of an error or omission in their tax return, tax assessment, or...

Following the execution of the Abraham Accords Peace agreement between the UAE and Israel in September, which also made reference to the...

There has been a lot of news about Oman introducing income tax on individuals in 2022. What stands behind this news? My Best CFO Team...

In this difficult time we all are wondering: when do we get back to what we are used to? When will our businesses work to its full 100%...

As a continuation of COVID-19 consequences analysis and in order to help businesses in their 2021 budgeting efforts My Best CFO Team...

"Without challenges, life is boring, governments are stagnant, and leaders are too relaxed." His Highness Sheikh Mohammed bin Rashid Al...

In March 2018 IASB has issued a revised “Conceptual Framework for Financial Reporting”, which is effective for annual periods beginning...