Latest Change in FTA Penalty and Discounts

The Federal Tax Authority has issued a new Cabinet Resolution No. 49 for the year 2021, which will replace the provisions stated in Cabinet resolution No. 40 of 2017. Highlight: According to the new Resolution, all the present taxpayers who were...

May 8, 2021

Tax Services

UAE Tax Penalties Reduced

In a much welcome move, the Federal Tax Authority in UAE has announced revisions/reductions in Administrative Penalties applied for VAT non-compliance by issuing a new Cabinet Decision No. 49/2021. This was a much-needed and awaited move from the Tax Authority...

May 7, 2021

Need for Accounting Services during Company Liquidation/Restructuring

Audit and Assurance

Need for Accounting Services during Company Liquidation/Restructuring

Setting up and conducting a business can be a very hectic process. A company needs to follow a number of compliance rules as set by the jurisdiction. Similarly, the businesses also need to follow certain rules and regulations for the liquidation...

May 6, 2021

How Can Accounting Help a Company to Stay Afloat and Grow

Accounting Services

How Can Accounting Help a Company to Stay Afloat and Grow

It is challenging for businesses to maintain a healthy cashflow. Amid this pandemic, the global economy is starting to feel the effects of the struggle to keep its business afloat, moreover, grow. Accounting can help your company succeed by providing...

May 3, 2021

News

Contents of a UBO register of a Company

The government of the United Arab Emirates passed a resolution which was enacted on the 29th of August 2020, which was titled Cabinet Resolution no 58 concerning the Ultimate beneficial Owner (UBO Law). This cabinet resolution was passed with the...

April 30, 2021

How Can Outsourcing Auditing Services Help in the Growth of the Business?

Audit and Assurance

How Can Outsourcing Auditing Services Help in the Growth of the Business?

Why would a business choose to outsource an audit? Can’t it learn to do it itself? Of course, it can. However, more often than before, companies are choosing to outsource audit functions for the following reasons. Cost of training Audits...

April 29, 2021

How Can Businesses Claim VAT Refund in The UAE

VAT Services

How Can Businesses Claim VAT Refund in The UAE

The addition of Value Added Tax (VAT) to the taxation process has impacted businesses from all around the world. UAE was considered a lucrative place for conducting business as there were no taxes for the companies that are registered in...

April 28, 2021

How Can Auditing Affect the Efficiency of a Business

Audit and Assurance

How Can Auditing Affect the Efficiency of a Business

It is challenging for businesses to maintain a healthy cashflow. Amid this pandemic, the global economy is starting to feel the effects of the struggle to keep its business afloat, moreover, grow. Auditing can help your company succeed by providing...

April 27, 2021

How can a Business Strengthen its Credit Situation?

News

How can a Business Strengthen its Credit Situation?

Setting up a business can be comparatively simple work, but maintaining the business can be a complicated task. In order to keep the business in a healthy condition, the business owners need to go the extra mile which can sometimes...

April 23, 2021

Guide to Liquidating a Company in Mainland UAE

Audit and Assurance

Guide to Liquidating a Company in Mainland UAE

Setting up a business in the United Arab Emirates is a very beneficial and profitable decision which any businessman can take. With a number of business opportunities and the prospect of exploring new markets, setting up a business in the...

April 22, 2021

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Author: Jaxa Auditors

Latest Change in FTA Penalty and Discounts

UAE Tax Penalties Reduced

Need for Accounting Services during Company Liquidation/Restructuring

How Can Accounting Help a Company to Stay Afloat and Grow

Contents of a UBO register of a Company

How Can Outsourcing Auditing Services Help in the Growth of the Business?

How Can Businesses Claim VAT Refund in The UAE

How Can Auditing Affect the Efficiency of a Business

How can a Business Strengthen its Credit Situation?

Guide to Liquidating a Company in Mainland UAE

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