Vmr Insights

Introduction Form 10F– A very important document for individuals or entities receiving income in India while the receivers, based in any country with which India has signed a Double Taxation Avoidance Agreement (DTAA). This very form helps the taxpayer to avail the treaty benefits such that he will not be…

With the world now more intertwined than ever, every tax authority around the globe remains vigilant towards offshore investments and assets. The Indian tax department is sending notices these days to Indians who keep undisclosed properties in Dubai. This move came following the exchange of information between the UAE and…

Business is a constantly changing world, but one element in business remains constant: change. There are few dynamics of organizations growing, leaders retiring, employees moving forward to new roles, and leadership teams constantly changing in some form. Amidst all this change for any organization, business continuity is a critical objective,…

Is your accountant presenting before you Correct Trading and P&L Account or Income & Expenditure Statement?  Monitoring at least the monthly performance of your business in financial terms is very crucial.  for that you need to have correct picture of your Revenue and Expenditure which reflect what you whether you made…

Federal Tax Authority of the United Aram Emirates (UAE) Government has finally published their Law, duly issued by His Highness Sheikh Mohamed bin Zayed Al Nahyan, President of the United Arab Emirates as Federal Decree-Law No. 47 of 2022 which will be effective 15 days after the date of publish. The complete law is…

Definition of Transfer of Shares:- Transfer of shares refers to the intentional transfer of title (rights as well as duties) of shares by one person to another. There are two parties to transfer of shares, i.e. transferor and transferee. The shares of the public company are freely transferable unless there…

E-commerce companies provide a platform where supply and procurement of goods and services takes place digitally. Consequently, it has resulted into an evolution of various new business models, where huge business transactions are made and availed through telecommunication network. Inadequacy of such a tax regime governing income generated through  digital…

As the name suggests, IFRS is a set of standards suggesting how to report financial statement at international level. While maintaining company’s account, preparing and reporting financial statement, these standards must be followed in practices of accounting. Standards of Financial Reporting were designed to provide a common set of rule…