New Changes to VAT Law Regarding Tax Credit Notes in the UAE
As per the UAE VAT Law, a tax registrant is required to issue a Tax Credit Note when a reduction of Output Tax occurs in connection with any supply made…
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A Tax Compliance Checklist for UAE Businesses for the Year Ahead
Businesses in the UAE need to improve their strategies in 2023 to align with the global economy, regulatory requirements and technological developments. Business owners need to tread a cautious path…
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A Guide to Audit Requirements for Companies in DMCC Free Zone
Getting a trade license from free zones in Dubai offers you immense benefits such as 100% foreign ownership, world-class facilities and infrastructure, strategic location, exemption from import duties etc and…
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Six Accounting Tips for Small Businesses to Kickstart the New Year
It’s not a small feat to run a small business in a competitive market like Dubai. There can be many ups and downs just like a roller coaster ride and…
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Why Do You Need Audited Financial Reports by a Third-party or an Independent Auditor in the UAE?
The key objective of an external audit is to give an independent opinion on the financial statement of an organization to enhance confidence for intended users of the financial report.…
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How to Set Realistic Financial Goals for your Business in 2023?
The year 2022 has ended and we all are ready to welcome 2023 with high hopes and aspirations. Every New Year gives you a chance to start fresh and the…
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VAT in UAE: Latest Rules Regarding the Issuance of Tax Invoices in 2023
The UAE VAT Law defines tax invoices as a written or electronic document in which the occurrence of a Taxable Supply and its details are recorded. Taxable persons are required…
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A Comprehensive List of UAE VAT Law Changes You Must be Wary of in 2023
January 1st 2023 not only marks the dawn of a new year but also represents the completion of five years of Value Added Tax (VAT) in the UAE. However, taxable…
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Six Useful Audit Tips for the Small Businesses in the UAE
Maintaining the books of accounts and having audited financial statements have become more important than ever since the introduction of new regulatory reforms in the UAE. Except for a few…
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Accounting Services for Tech Startups: Key Insights and Best Practices
Availing of accounting services in Dubai is critical for tech startups to effectively manage their finances and accounting requirements. Hiring accounting firms in Dubai helps entrepreneurs to navigate the common…
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