Jitendra Chartered Accountants Blog

9 Accounting Mistakes that Can Kill Your Business

VAT Treatment of Capital Assets: The Significance of Capital Asset Scheme for UAE Businesses

October 1, 2020

Businesses usually have a very busy time near the end of their tax year as they need to carry out the required end-of-the-year tax adjustments. And the Capital Asset Scheme…

EVOLUTION OF ACCOUNTING & BOOKKEEPING WITH THE ADVENT OF TECHNOLOGY

An Essential Guide to VAT on Insurance Sector in the UAE

October 1, 2020

Tax/VAT

Under the UAE VAT regime, the insurance and related services are subject to the standard VAT rate of 5%. Also, the VAT incurred on costs that can be wholly attributed…

How New Amendment on VAT Executive Regulations Impact Exported Services

Know About Tax Credit Notes to Stay on the Right Side of UAE VAT Law

September 26, 2020

Tax/VAT

The UAE VAT Decree-Law No (8) of 2017 defines a Tax Credit Note as a “written or electronic document in which the occurrence of any amendment to a Taxable Supply…

How External Auditors in Dubai Help Identify Business Loopholes

How to Effectively Manage the Seasonal Business Slowdowns in Dubai?

September 26, 2020

Accounting & Bookkeeping

Most businesses pass through a recurring cycle of a business slowdown, especially in Dubai. We call it the business cycle and it is a natural part of any economy though…

Deemed Supplies Under UAE VAT Law: Key Insights for Taxable Entities

September 26, 2020

Tax/VAT

The UAE charges VAT at the standard rate of 5% on taxable supplies generally but there are many factors that determine what constitutes a supply as per the UAE VAT…

What is Tax Registration Number (TRN) & Why it is Important in Taxation?

September 20, 2020

Tax/VAT

The introduction of the Value Added Tax (VAT) in 2018 has brought fresh changes to the UAE business landscape which has been hitherto known to be a no-tax regime. As…

Tax Audit in the UAE: Know the Procedure & Prepare Yourself

September 17, 2020

Tax/VAT

The Tax Procedures Law (Federal Decree-Law no. 7) defines a Tax Audit as a procedure undertaken by the Federal Tax Authority to inspect the commercial records or any information or…

Six Tips from UAE Accountants to Improve the Cash Flow of Businesses Post COVID-19

September 17, 2020

Accounting & Bookkeeping

We must accept that the business community has quickly learned to adapt to and live with the challenges posed by the COVID-19 pandemic. We have successfully managed to stay afloat…

What Businesses in Dubai Need to do to Avoid the Bad Debts?

September 13, 2020

Accounting & Bookkeeping

A company falls into the bad debt trap when the customer fails to pay for the products or services of your company and you cannot chase the payment and collect…

Amendment in Economic Substance Law: What UAE Businesses Must Do?

September 13, 2020

Economic Substance Regulation (ESR)

The UAE ESR Law has once again gained traction in the public domain as the government has brought some significant amendments to certain clauses. The businesses now need to resubmit…

Jitendra Chartered Accountants Blog

VAT Treatment of Capital Assets: The Significance of Capital Asset Scheme for UAE Businesses

An Essential Guide to VAT on Insurance Sector in the UAE

Know About Tax Credit Notes to Stay on the Right Side of UAE VAT Law

How to Effectively Manage the Seasonal Business Slowdowns in Dubai?

Deemed Supplies Under UAE VAT Law: Key Insights for Taxable Entities

What is Tax Registration Number (TRN) & Why it is Important in Taxation?

Tax Audit in the UAE: Know the Procedure & Prepare Yourself

Six Tips from UAE Accountants to Improve the Cash Flow of Businesses Post COVID-19

What Businesses in Dubai Need to do to Avoid the Bad Debts?

Amendment in Economic Substance Law: What UAE Businesses Must Do?

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