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Understanding OECD Pillar Two Tax Advisory Services and Why AKW Consultants Should be your First Call
As globalization intensifies, so does the complexity of international taxation rules. The Organization for Economic Co-operation and Development (OECD) is at the forefront of addressing these complexities, especially with the implementation of the two-pillar approach. In this article, we will delve deeply into the OECD’s Pillar Two framework and demonstrate why AKW Consultants is best suited to help businesses navigate this complex landscape.
Navigating Corporate Tax Planning in the UAE: Strategies for 2023
The United Arab Emirates is renowned for its favorable tax environment, and in 2023, corporations operating within its borders have an array of opportunities for efficient corporate tax planning. To embark on this journey, it is essential to comprehend the intricacies of the UAE’s tax structure and the dynamic landscape it presents. In this blog entry, we will delve into the foundations of UAE tax structure and explore various considerations for crafting effective corporate tax management strategies.
UAE Corporate Tax Law Procedures
The UAE Ministry of Finance made a breakthrough announcement in January 2022 that it will introduce federal Corporate Tax (‘CT’) in UAE post which it introduced the Federal Decree Law No. 47 of 2022 on the Taxation of Corporations and Businesses (‘CT Law’) by virtue of which Corporate Tax has been introduced in UAE making a landmark change the taxation system of UAE.
Promoting Transparency and Mitigating AML Risks
In the current interconnected global financial environment, the concern of money laundering has emerged as a matter of utmost importance. This unlawful activity empowers criminals to conceal the illicit sources of their funds, thereby posing a substantial threat to the integrity and security of financial systems worldwide. To effectively address this threat, the verification of both the origin of funds (SOF) and the origin of wealth (SOW) has developed into a crucial responsibility for Financial Institutions (FIs) and Designated Non-Financial…
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A Strong Antivirus Software Isn’t Enough Anymore – How Cyber Security Needs Have Changed for Businesses
In today’s digital landscape, the cost of cyber security breaches to businesses is staggering. By 2021, the global cost of cybercrime was expected to top $6 trillion, and what’s more alarming is that around 43% of these attacks are directed at smaller businesses. As businesses continue to rely heavily on technology, it’s crucial to understand that a robust antivirus software is no longer sufficient to safeguard your organisation’s digital assets and reputation.
3rd Party Vendor Security Risk Assessment
Organizations are associated largely with 3rd parties for several complex services which support their ecosystems. Due to this ecosystem, success of the organizations is directly proportional to the governance risk & compliance of 3rd parties. This means a lack of appropriate security controls within third parties will adversely impact the business.
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