Ever since the introduction of corporate tax in the UAE, the determination of taxable income has been a topic of interest among taxable persons. The UAE Corporate Tax Law states…
Ever since we started our practice in 2001 in Dubai, UAE, we have witnessed unprecedented developments such as the introduction of the Freehold property laws, Real estate regulations by RERA,…
Budgeting is one of the fundamental accounting skills entrepreneurs must learn regardless of their busy schedules. Budgeting is an important skill for business owners to ensure their organizations and teams…
One serious question has been tormenting everyone right from the time when the government announced corporate tax: “Does the UAE corporate tax apply to individuals?” Article 11 of the UAE…
E-commerce companies operating in the UAE need to be aware of a new Value Added Tax (VAT) compliance requirement. From July 1st 2023, certain e-commerce companies are required to specify in…
Knowing about money laundering methods is key to complying with the regulations of Anti-Money Laundering and Combatting Financing of Terrorism (AML-CFT) in the UAE. To develop a robust AML strategy…
The Federal Tax Authority (FTA) has started accepting requests for UAE corporate tax registration. Public Joint Stock Companies and Private Companies in the UAE can register for corporate tax through…
In every company, accounts payable and accounts receivable are critical to keeping track of money coming in and money going out of the business. However, managing these two can be…
The UAE Ministry of Finance (MoF) recently issued a series of Ministerial Decisions corresponding to certain provisions of the UAE Corporate Tax Law. Each Ministerial Decision clarifies specific provisions in…
The UAE allows taxable persons to claim a refund on the VAT incurred on the Operation of Mosques as per Cabinet Decision No. (82) of 2022. The FTA will refund…