Auditing Firms has become essential for most modern-day companies, irrespective of their type, size, or location. In this write-up, however, we are going to focus on the businesses based in Dubai. Running a business in Dubai is quite challenging. After all, you are operating in the...
The process of documenting, evaluating, and interpreting financial transactions and information is known as business accounting. It is the method by which a company maintains track of its operations. It might be tough to keep track of these transactions at times, which is where accounting...
Accounting is the systematic approach to keep a comprehensive record of all the financial transactions of any entity or organisation. The balance sheet that accountants prepare provides businesses with a clear picture of their financial condition. Income statement, on the other hand, gives owners information...
E invoicing UAE A time-stamped commercial document that itemizes and records a transaction between a buyer and a seller is known as an invoice. A paper receipt, a bill of sale, a debit note, credit note, a sales invoice, or an online electronic record are...
Corporation tax shows many enterprises in the UAE have paid no income tax on their revenues till date. This is about to change, with the UAE's Ministry of Finance (MOF) announcing the implementation of a federal corporate income tax (CIT) on January 31, 2022. For...
UAE sets out new regulations regarding divorce, inheritance, alcohol, and the law also laid down tougher punishments for men who harass women after marriage. The government of UAE has announced on Saturday to initiate one of the biggest overhauls in the legal system of the country...
Summary Dubai owner’s associations are required to deregister from VAT due to Law No. 6 of 2019. Law No. 6 has also stated that management entities have to fulfil their VAT obligations for such properties. Key highlights All legal rights and functional obligations were transferred to Management...
CFO Service UAE when beginning a business, you'll inevitably ask yourself, "Where should I get my money from and how much should I put in my company?" Business owners may be emotionally overwhelmed and worry about misdirecting their business investment, resulting in a great loss,...
Starting January 1, 2018, the UAE government has applied VAT on the delivery of taxable goods and services. The Federal Tax Authority (FTA) can audit companies that are required to pay taxes to determine their tax compliance. It's time to brush up on your tax...
