As multinational companies build a strong foothold in the UAE, focus on financial numbers is gaining more attention. Having a solid grasp of financial figures and performance is a significant factor in managing businesses successfully. Bookkeeping acts as a clear snapshot that sheds light on a business’s financial credibility. Maintaining books of accounts plays a […]
IFRS compliance UAE is not just a regulatory requirement for UAE companies but also a fundamental requirement for growth and financial transparency. IFRS compliance in the UAE is essential for companies aiming to gain trust from financial institutions, regulators, and international partners. This blog provides the most significant reasons demonstrating the requirement of IFRS compliance […]
This is, in turn, causing the query of whether UAE corporate tax has any effects on the individual. Though businesses would have the bulk of it, the tax itself, it does bring certain issues upon freelancers and entrepreneurs to have to pay for it. Therefore, the corporate tax rules for UAE individuals will assist both […]
The procedure for claiming the VAT refund in the United Arab Emirates seems very complex, especially for businesses having input VAT on business expenses exceeding the VAT on its revenue. However, understanding the steps provided by the Federal Tax Authority (FTA) and using Form VAT311 can make it a smooth procedure. Working with experts like […]
Amending tax records on time is crucial to avoid penalties in the UAE under the Tax Regulations. The FTA has now provided grace period for companies to complete their EmaraTax portal update process UAE. Jaxa Chartered Accountants can help businesses in getting these arrangements done accurately. Why You Must Update Your Tax Records The FTA […]
VAT return errors can cause compliance and penalty problems. To resolve this, the Federal Tax Authority (FTA) in the UAE has well-defined procedures for filing a Voluntary Disclosure UAE tax compliance (VD) for errors. An understanding of when and why to file a VD is essential for compliance. For professional guidance, Jaxa Chartered Accountants makes […]
Did you know that businesses in the UAE face hefty fines for errors in Corporate Tax filings? An audit can be your safety net. Carrying out an audit before the submission of the Corporate Tax (CT) return is vital in terms of being in compliance, accuracy, and transparency. Since the UAE has emerging corporate tax […]
The implementation of corporate tax in the United Arab Emirates has highlighted a series of questions in the minds of firms operating in the country. With this in mind, one is well-equipped to provide information regarding the UAE corporate tax structure in detail and be able to answer questions that would arise from relevant legislation. […]
Filing corporate tax returns in UAE ensures compliance, mitigates penalties and protects financial health. Accurate filings require attention to detail. This article outlines key areas to focus on for accurate and compliant tax returns in the UAE. These include understanding free zone benefits, ensuring IFRS compliant financial statements, and classifying costs effectively. Partnering with JAXA […]
Corporate tax compliance in the United Arab Emirates has become mandatory to all business in Dubai. Careful planning and a clear understanding of the law, strictly adhering to both domestic and international regulations, are, therefore, very crucial for proper corporate tax compliance. Proper corporate tax returns are, thus, essential to avoid penalties while ensuring a […]
