Scope of External Audit: Dos and Don’ts for External Auditors
Getting the books of accounts audited by registered auditors in the UAE is mandatory for the companies in the mainland and some free zones. The registered auditors in UAE, help…
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Everything You Should Know About VAT Treatment of Compensation Payments
Businesses often make compensation payments for any loss, omission or wrongdoings and this may often lead the businessmen to ponder over the UAE VAT treatment of such compensation payments. The…
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How Do Law Firms Benefit from the Services of Accounting Firms in Dubai?
Lawyers are often regarded as intrepid in general but the aspects of legal accounting may sometimes prove to be challenging for them. The lawyers may have honed their skills for…
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UAE VAT-Free Special Offers: FTA Clears Major Misconceptions
The term ‘VAT-free special Offers’ have prompted many experts into pondering over the tax treatments of ‘No VAT Special Discounts’ in the UAE. The Federal Tax Authority (FTA) has also…
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VAT Registration for UAE Sole Establishments: What Does the FTA Clarification Say
VAT registration in the UAE is a mandatory legal obligation for taxable persons whose taxable supplies and imports exceed AED 375,000 per annum. Apart from the mandatory registration obligation, the…
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Filing VAT Returns in the UAE: Conditions & Requirements
Every taxable person is required to file a VAT return in the UAE to the Federal Tax Authority (FTA) at the end of each Tax period. As per Article 64…
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5 Tips from UAE Accountants for Your Business Expansion
As your small business or startup grows your next aim should be expanding to new territories. One of the key steps that you need to take as an entrepreneur is…
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Key Rules to Consider for Profit Margin Scheme Under UAE VAT
Taxable persons or entities in the UAE calculate VAT on the original selling price in normal conditions. However, there are situations where the Federal Tax Authority (FTA) allows the calculation…
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Tax Invoices: What are the Key Requirements Businesses Should Know?
A UAE business that makes taxable supplies issue an original tax invoice and delivers it to the recipient of goods or services subject to the laws of UAE VAT Law.…
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Key Insights About Audit Engagement in the UAE
Much has been written about the process of audit and the many stages of the audit process. However, along with the audit process, the audit engagement also deserves attention, as…
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