The UAE government has launched the ‘In-Country Value’ Program, which is also called (ICV). This program is a part of “Projects of the 50”, which will be implemented under the supervision of the MoIAT – Ministry of Industry & Advanced Technology. So, obtaining an ICV Certificate in the UAE will help to boost the nation’s economy. […]
The UAE Ministry of Finance (MoF) has announced the issuance of a cabinet decision on a non-resident person’s Nexus in the UAE for the purposes of corporate tax. Foreign companies and other non-resident juridical persons will be subject to Corporate Tax in UAE on income derived from real estate and other immovable property located in the country […]
Do you need to file a VAT Return in UAE if you operate a business here? We’re here to help, and in this post, we’ll go over how UAE businesses can file VAT Returns precisely and easily. All About the VAT Filing in UAE For firms that have registered for VAT in the UAE, filing a VAT return […]
The Ministry of Finance (MoF) in UAE has published Cabinet Decision No. (49) of 2023 specifying the Categories of Businesses or Business Activities Conducted by a Resident or Non-Resident Natural Person that are Subject to Corporate Tax. As per the released Decision: 1. Income from business activities conducted by a resident or non-resident natural person in […]
If you are in business, you cannot disregard the value of accounting and bookkeeping since, regardless of the kind of your enterprise, you must maintain accurate and complete business records. Today, many business owners select Dubai as their upcoming business location so that they may manage and grow their operations in the Middle East. Conversely, […]
You are someone whose dream is to do a business set up in Dubai, but when it comes to company audit, do you feel it’s daunting? If the answer is yes, then it’s time to stop worrying about it because you have landed at the perfect place where you are going to understand the steps […]
Every successful firm in the UAE understands the importance of having a strong accounting procedure in place inside the organization. Financial statements are produced using the accounting cycle. The company’s performance throughout a fiscal period is accurately depicted in the financial statements. The processes in the cycle of Accounting in Dubai assist firms in providing a clear […]
UAE Corporate Tax Update: The Federal Tax Authority (FTA) in UAE as published “Federal Tax Authority Decision No. 6 of 2023 Tax Deregistration Timeline for the Purposes of Federal Decree-Law No. 47 of 2022 on the Taxation of Corporations and Businesses”. This sets the timeline for application for De-registration from UAE Corporate Tax. According to […]
UAE Corporate Tax Update: The Federal Tax Authority (FTA) in UAE as published an important Decision on UAE Corporate Tax: “Federal Tax Authority Decision No. 5 of 2023 Conditions for Change in Tax Period for the Purposes of Federal Decree-Law No. 47 of 2022 on the Taxation of Corporations and Businesses”. This Decision addresses the […]
UAE Corporate Tax Update: Are you required to maintain Audited Financial Statements for your Business? In yet another UAE Corporate Tax Update, the Ministry of Finance (MoF) in UAE has published Ministerial Decision No. 82 of 2023 on the Determination of Categories of Taxable Persons Required to Prepare and Maintain Audited Financial Statements for the […]
