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 of export…
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Everything You Must Know About Audit Requirements in RAKEZ
There are more than 45 active free zones in the UAE and many of them mandate the submission of audited financial statements. Failure to submit the audited financial statements to…
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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 the supply…
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Accounting in UAE: A Guide to Daily, Weekly, Monthly & Annual Tasks
Properly performing accounting tasks help entrepreneurs to keep track of their company’s assets, liabilities, income, and cash flow. It helps them to track the financial performance of their businesses enabling…
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AML in the UAE Best Practices for Effective KYC Procedures
Before on-boarding customers, Know Your Customer (KYC) procedures are very important for businesses to ensure compliance with Anti-Money Laundering and Combatting Financing of Terrorism (AML-CFT) laws. Businesses need to implement…
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A Guide to UAE Corporate Tax Registration on Emaratax Platform
The UAE corporate tax pre-registration process has opened for certain companies and entities as per an update from the Federal Tax Authority (FTA). Businesses that come within the scope of…
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What Does the New Amendment Say about UAE VAT Registration Exception?
As the new amendments to the UAE VAT Law took effect on January 1st 2023, businesses must ensure they comply with the provisions relevant to them. Flawless compliance with the…
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Significance of VAT Health Checks for UAE Businesses
At a time when the landscape of VAT compliance in the UAE is witnessing drastic changes, businesses need to ensure their tax compliance measures are effective. Conducting a VAT health…
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Digital ID for Customer Due Diligence: New AML Requirement in the UAE
The Licensed Financial Institutions (LFI) are required to comply with the new guidance issued by the Central Bank of the UAE (CBUAE) on anti-money laundering and combatting the financing of…
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A Guide to the Audit Requirements in JAFZA
The Jebel Ali Free Zone Authority (Jafza) mandates the companies registered under its license to carry out financial audits. Getting the books audited by approved auditors in Jafza is a…
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