What is Tax Registration Number (TRN) & Why it is Important in Taxation?
The introduction of the Value Added Tax (VAT) in 2018 has brought fresh changes to the UAE business landscape which has been hitherto known to be a no-tax regime.... Read more.
What Businesses in Dubai Need to do to Avoid the Bad Debts?
A company falls into the bad debt trap when the customer fails to pay for the products or services of your company and you cannot chase the payment and collect the... Read more.
How to Apply for VAT Clarification to UAE Federal Tax Authority?
The VAT has been in existence in the UAE for more than two years, yet the taxable persons may still have uncertainties over specific clauses of the VAT legislation... Read more.
Challenge FTA’s Decisions: Submit VAT Reconsideration Form in the UAE
Business owners are required to have sound knowledge about the VAT/tax laws in the UAE as a failure to comply with the rules and regulations will attract hefty penalties.... Read more.
An Essential Guide for Reverse Charge Mechanism Under VAT in the UAE
Understanding the reverse charge mechanism is crucial for businesses that are engaged in importing goods into the UAE as the provision starkly differs from other... Read more.
Five Accounting Principles Every Entrepreneur in Dubai Needs to Know
An entrepreneur’s relationship with his company is analogous to that of a captain to his ship. Like the captain controls the ship and its crew, the entrepreneurs... Read more.
Seven Tips from Chartered Accountants in Dubai for Start-ups to Keep Company Financials in Order
Most companies in the UAE consider the need to maintain the books of accounts mostly as a legal compulsion. This is because the companies are required to maintain... Read more.
How New Amendment on VAT Executive Regulations Impact Exported Services?
The UAE’s latest amendment on the VAT Executive Regulations is perceived to be having an impact on the zero-rating of exported services. The amendment has gained... Read more.
How Accounting Firms in Dubai Help UAE E-commerce Companies?
One can view the rapid and surprising growth of e-commerce business in Dubai with astonishment. The sector was poised for growth due to high digital penetration... Read more.
Value Added Tax (VAT) on Financial Services in the United Arab Emirates
The VAT treatment of the financial services sector in the UAE is a complex process as a variety of transactions are involved in the industry. The complexity increases... Read more.
