The main laws governing tax registration in the United Arab Emirates are Federal Law No. 8 of 2017 on Value-Added Tax (the VAT Law), Cabinet Decision No. 52 of 2017 on the Executive Regulations of Federal Law No. 8 of 2017 on VAT (the Executive Regulations), and Federal Law No. 7 of 2017 on Tax […]
According to the UAE Federal Law on Commercial Companies, businesses must keep their books of accounts for at least five years following the conclusion of each fiscal year. A corporation operating in the UAE that is found to have erroneous books or that does not keep books for the required amount of time is subject […]
UAE is renowned for its business-friendly laws and policies, which have 0% corporate tax for companies operating within the nation. However, this comes to an end by June 1, 2023. This news has been the talk of the town since the Federal Tax Authority (FTA) of the nation announced corporate tax for people who are […]
VAT is a consumption tax levied on purchasing or importing goods and services within a country. This helps to raise funds for the government. Value-added tax is calculated by adding the value of all intermediate goods and services used in production and then deducting any related discounts and refunds from this total. It’s one of […]
The Federal Tax Authority (FTA) in UAE had previously announced that an integrated platform named “EmaraTax” would be launched soon. According to the FTA, the new platform is a modern tax administration ecosystem that integrates with other influential government entities, such as the UAE Central Bank, and national technology-based programs, including UAE PASS, to simplify […]
Since the introduction of VAT services, there is an increasing demand for professional VAT consultancy in UAE. However, choosing the perfect accounting consultants from a wide range of options takes time and effort. This post will save you from the trouble of finding the top VAT service provider in the UAE. But let’s start by discussing why you […]
Having the best tax consultant helps your business financially. Tax consultants assist businesses and individuals in understanding and managing a country’s taxation system. UAE’s Tax Consultancy Services helps you prepare, analyze, file tax returns, and pay taxes. To avail of all these services, you must seek an appropriate business tax consultant with knowledge of corporate tax […]
What is Auditing? The term “auditing” typically refers to an examination of financial statements. Financial auditing is an independent review and assessment of an organization’s financial statements to ensure that they fairly and accurately reflect the transactions they purport to represent. Related Articles Auditing: What to Expect in the Future A Guide to Audit Evidence […]
Corporate Tax in UAE In January 2022, the Ministry of Finance in UAE announced that it will introduce Corporate Tax on the profits of businesses or companies, which will be applicable on 1st July 2023 and will be applied across all the emirates. Corporate tax is a form of direct tax levied on the net income […]
Corporate Tax in UAE The authorities in UAE have announced the introduction of corporate tax from 1st June,23. Corporate tax is a form of direct tax levied on the net income or profit of corporations and other business entities. The objective of Corporate Tax in the UAE By introducing the Corporate Tax, the UAE’s main objectives are: […]
