Audit for SMEs: A 2021 Guide for a Hassle-free Audit in Dubai
If you are the owner of an SME or an entrepreneur new to the UAE business landscape, you may be struggling with preparing for an audit. Some SME owners may…
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AML in UAE: A Guide to Filing Funds Freeze Report & Partial Name Match Report
As per the UAE’s Anti-Money Laundering and Combatting Financing of Terrorism (AML-CFT) laws, relevant entities are required to meet two new requirements. The relevant entities must file two reports in…
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An Accountant’s Guide to Effectively Perform Budgeting & Forecasting For Startup in UAE
Every single dirham counts in a startup budget as the majority of small business entrepreneurs start with scarce resources and money. However, most startups adopt aggressive growth-hack measures to make…
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Everything You Must Know About New Amendments to UAE Tax Procedures Law
The procedures of VAT in the UAE are regulated by Federal Law No 17 on Tax Procedures, also known as the Tax Procedures Law. However, the UAE government has introduced…
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Everything You Must Know About Revised List of VAT Designated Zones
VAT has been introduced in the UAE with effect from January 1st, 2018. From then on a lot of amendments has been made in the UAE VAT Law (Federal Decree-Law…
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Why Accounting Services are Critical for your Small Business?
The International Accounting Day falls on November 10, 2021, and it seems the right occasion to talk about why accounting matters to small businesses in Dubai. Even though accounting services…
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A Guide to VAT on Goods Supplied in a Designated Zone & Connected Shipping Services
The UAE has more than 40 free zones, and the Federal Tax Authority (FTA) has categorised some of them as Designated Zones for the purposes of Value Added Tax (VAT).…
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Filing VAT Returns in the UAE? Avoid these Common Mistakes
Since January 1, 2018, when VAT was introduced in UAE, businesses have been required to comply with multiple requirements under the VAT Law. Filing VAT returns to the Federal Tax…
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ESR Notification: Top Post-submission Issues and Solutions
The Economic Substance Regulations (ESR) came into effect in the UAE from 1st January 2019. From then on, companies that conduct the nine relevant activities in the UAE have been…
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Accounting Firms in Dubai: When should Startups Consider Getting Expert Assistance?
Dubai has created a robust ecosystem for startups from various industries to set up, grow and thrive. However, not all startups manage to scale the mountain of success successfully. When…
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