A Guide to VAT Refund for UAE Nationals Building New Residences
UAE nationals constructing new residences for their personal use are eligible to reclaim VAT incurred on the expenses. To avail of the VAT refund on the expenses,... Read more.
The Four Types of Audit Opinion/Report Every Entrepreneur Must Know
Auditors in Dubai make certain judgemental assumptions before finalising their audit reports. Such judgments also known as opinions are reflected in the audit... Read more.
Why Accounting Systems Analysis is Essential for Business Growth in 2022?
Companies in the UAE are required to maintain the books of accounts as per the Commercial Companies Law and various free zone regulations. Various other laws such... Read more.
New Guide to Input VAT Recovery on Mobile Phones, Data Packs Provided to Employees
It is a common practice for companies in the UAE to enter into agreements with telephone service providers to give mobile phones, airtime and data packages to their... Read more.
Business Slowdowns: Key Tips to Improve Accounting Strategy
Holiday seasons are periods of excitement for everyone, except for businessmen. Holidays are dubbed as times of ’seasonal slowdowns’ in business parlance and... Read more.
An Accountant’s Guide to Effectively Perform Budgeting & Forecasting For Startup in UAE
Every single dirham counts in a startup budget as the majority of small business entrepreneurs start with scarce resources and money. However, most startups adopt... Read more.
Everything You Must Know About New Amendments to UAE Tax Procedures Law
The procedures of VAT in the UAE are regulated by Federal Law No 17 on Tax Procedures, also known as the Tax Procedures Law. However, the UAE government has introduced... Read more.
Everything You Must Know About Revised List of VAT Designated Zones
VAT has been introduced in the UAE with effect from January 1st, 2018. From then on a lot of amendments has been made in the UAE VAT Law (Federal Decree-Law No.... Read more.
Why Accounting Services are Critical for your Small Business?
The International Accounting Day falls on November 10, 2021, and it seems the right occasion to talk about why accounting matters to small businesses in Dubai. Even... Read more.
A Guide to VAT on Goods Supplied in a Designated Zone & Connected Shipping Services
The UAE has more than 40 free zones, and the Federal Tax Authority (FTA) has categorised some of them as Designated Zones for the purposes of Value Added Tax (VAT).... Read more.
