The implementation of VAT charges has become a mandate for the GCC countries at a rate of 5%. The UAE, being one of them, has also implemented the same. As per the UAE VAT Law, most of the tax paid on businesses can be recovered, and is termed as a recoverable tax. On the flip […]
In the past few years, there has been a gradual but noticeable increase in the number of businesses which are being established in countries abroad. This has been possible due to the advancements in technology, increasing globalization and the shrinkage of the world as a result of better and seamless internet connectivity around the globe. […]
With a view of giving birth to a new source of income, the United Arab Emirates (UAE) has taken a decision to implement VAT with a rate of 5%, that saw the light of day on 1st Jan 2018. Although, this initiative is taken with the aim of boosting the Emirates economy, the same has turned […]
There are many good reasons for hiring accounting services at various stages for small business. An accountant can make your life easy at every step, may it be from a business plan to the formation of the company or an application for loan to tax auditing. Hiring a full-time accountant might not be a great idea for […]
The birth of a business entity is the execution of the idea that an entrepreneur holds. An international business platform that motivates such ideas to mold into reality is Dubai. Multiple free zones and segments have been built accordingly to provide flexibility to every business entity to initiate their business ideas. One such free zone […]
Managing finance is one of the most crucial tasks that every business entity needs to go through. A common question that keeps arising in the minds of an entrepreneur is: Is financial audit mandatory? Do the financial reports needs to be submitted to the authority? Well, the reason behind the existence of such a question […]
The UAE havs transformed itself into a tourist spot. In the first half of 2018, Dubai itself has attracted more than 8.1 million tourists from every corner of the world. Visitors get fantasized with the tourist spots and are also driven by the craze of shopping in Dubai. As we all know, the Emirates are […]
In simple terms, payroll refers to the process wherein the company keeps a check on the overall payment offered by them. This process of maintaining the track record might seem easy at the initial stage of business, but as it grows, it turns out to be complicated. Dubai is the hub of international business entities, […]
In an organization, the accounting department is one of the most important department as it is responsible to keep a track of all the other departments and also keeps a check on the business transactions of the company since the start. It becomes essential that every business entity maintains a proper book of records from […]
Dubai, one of the fastest developing commercial hubs, is a home to millions of international expats that constitute a large number of entrepreneurs, investors, employees. The destination serves as a home to world business entities and is continuously expanding it in all possible ways. The UAE government has been adapting all the possible measures to […]
