We are all familiar with the UAE corporate tax. A 0% or 9% corporate tax is subjected to Free Zone Businesses and Qualifying Free Zone persons. Also, it is based on their qualifying income. Mainland businesses face the 9% tax rate standard on their taxable...
The UAE has imposed excise tax on many commodities since October 2017. UAE has imposed excise tax on particular items throughout importation, production, and sale. If you are importing or producing products in the UAE. Then, you must know whether you are eligible for excise...
In this globalized economy, businesses in UAE are expanding their reach across borders. Businesses are in search of new opportunities and markets in UAE. Many countries have implemented policies that allow for foreign ownership of businesses. This policy in countries is 100% foreign ownership, which...
Apparently, Controlling UAE business expenses can be a huge challenge. Rising costs can affect your company's profits, making it essential to find ways to reduce costs. Also, you can seek guidance from the top accounting firms in UAE to navigate the financial landscape. Moreover, they...
VAT is levied on supplies of goods and services in the UAE territory. Designated zones in UAE are areas that the UAE cabinet has specified to be outside the state for VAT purposes. These territories offer good incentives to businesses. The goods and services are...
A statutory audit in UAE is an independent review of financial statements for an institution or company. The auditor’s responsibility is to know if financial statements are fair and true. Also, it is in compliance with all applicable laws and regulations. This protects the companies...
The United Arab Emirates (UAE) has a relatively new tax regime. Businesses and individuals are still adjusting to the new rules and regulations. One area of concern for many businesses in the UAE is the issue of administrative penalties for tax law violations. The UAE Federal...
As we all are familiar with corporate tax. UAE is considered a flexible country regarding taxes. However, the UAE government has introduced a new tax regime, which is corporate tax. All the businesses used to pay Value Added Tax, but now they must comply with...
The UAE Federal Tax Authority (FTA) has been introducing publications and guides to the different aspects of UAE corporate Tax Law. Many businesses do not understand the new guides properly. Even though some perceive the wrong implications of the new updates. So, it is not good...
If you are running a business in the UAE, then you must know about its tax system. VAT is one of the most crucial taxes in the UAE. Value Added Tax is a tax on the use of services and goods levied at every sale....
