A Guide to Group Relief and Restructuring Relief UAE Corporate Tax
Big corporate groups manage their operations through a cluster of businesses, each of them will have a parent company and a number of subsidiaries. Such companies... Read more.
What Are the Three Golden Rules of Accounting?
Having accurate financial information is critical for every entrepreneur to make good business decisions. The financial information must be accurate and present... Read more.
A Guide to the Statute of Limitations Under the Amended UAE VAT Law
The UAE Cabinet has amended certain provisions of the VAT Decree-Law that may take effect from January 1st 2023. The most striking change among these amendments... Read more.
FTA Publishes New Amendments to the UAE VAT Executive Regulations
Taxpayers in the UAE need to be aware of the new changes in the UAE VAT regime set to be effective from January 1st 2023. The Federal Tax Authority (FTA) has published... Read more.
FTA Guide on Refund of VAT on the Construction & Operation of Mosques
The construction and operation of mosques is a common activity carried out by relevant persons in the UAE. However, since it doesn’t constitute a business activity,... Read more.
A Guide to New Amendments to UAE VAT Decree Law
The UAE has introduced the Federal Decree-Law No.18 2022 amending some provisions of the Federal Decree-Law No. 8 2017 on Value Added Tax (the VAT Law). Although... Read more.
A Comprehensive Guide to VAT Treatment of Charities in the UAE
Charities need to understand the impact of UAE VAT on them under two contexts: its application to the activities of all charities and the approach they should take... Read more.
Why Bank Reconciliation Is Significant for Small Business Accounting?
Not reconciling bank is one of the bad habits small business owners must ditch to ensure business success. Regularly bank reconciliation is critical for your small... Read more.
A Guide to New Amendments to the UAE Excise Tax Decree Law
The UAE Excise Tax regime is governed by the Federal Decree-Law No. 7 of 2017 (“Excise Tax Decree-Law”). However, the Federal Decree-Law No. 19 of 2022 has come... Read more.
A Guide to the Significance of Cost Accounting for Businesses
All entrepreneurs start their businesses to make a profit. However, knowing how much your business spends is critical to determine whether you are making a profit... Read more.
