Cash vs Accrual Accounting: An Essential Explainer for Entrepreneurs
Cash basis accounting and accrual basis accounting are the most common accounting methods used by businesses to keep track of their revenue and expenses. However,... Read more.
Top Tips for Upgrading Your Accounting and Reporting Systems
When your small business grows, there will be a point in time that warrants an upgrade of the company’s accounting and reporting system. Improving the accounting... Read more.
A Guide to the General Definitions under the UAE Corporate Tax Law
The UAE issued the Federal Decree-Law No. 47 of 2022 on the Taxation of Corporations and Businesses (the “Corporate Tax Law”) on 9th December 2022. The UAE Corporate... Read more.
UAE Excise Tax: New Clarification for Registration of Warehouse Keeper
There are more than 45 active free zones in the UAE and some of them are listed as designated zones by the Federal Tax Authority (FTA) for VAT purposes. As per the... Read more.
How to use EmaraTax for claiming direct VAT refunds?
Taxable persons can apply for a VAT refund in the UAE when the input tax is greater than the output tax on a VAT return. You can submit a request for a VAT refund... Read more.
Key Insights for the WPS System Implemented by DMCC
In a huge forward leap, the Dubai Multi Commodities Centre (DMCC) free zone has implemented a new Wage Protection System (WPS) to protect workers’ rights in line... Read more.
VAT Refund through EmaraTax for Building New Residences
The launch of the EmaraTax platform represents a significant moment in the landscape of VAT compliance in the UAE. The new digital platform facilitates easy access... Read more.
Accounting for IT & Software Sector: Revenues and Expenditures to Consider
IT and software businesses are among the key sectors that require the specialised services of accounting firms in Dubai. Due to the complexity of the industry in... Read more.
A Guide to the VAT Treatment of Export of Goods from the UAE
As per the regulations of VAT in the UAE, the export of goods is generally treated as zero-rated. Taxable persons may think that the determination of VAT treatment... Read more.
How to Determine Place of Supply under VAT in the UAE?
When it comes to VAT in the UAE, taxable businesses need to accurately determine the place of supply of goods or services. The place of supply determines whether... Read more.
