The United Arab Emirates is taking a major leap towards a digital transformation journey, with an ambitious plan to implement electronic invoicing (e-invoicing) by July 2026. This initiative by the UAE’s Ministry of Finance (MoF) aligns with the nation’s broader goal of enhancing tax compliance and simplifying invoicing processes. The implementation of UAE’s electronic invoicing […]
The countdown has begun. Let’s act before it is too late. The UAE Federal Tax Authority has announced an urgent reminder for businesses and taxpayers to update their tax records before the March 2025 deadline. This initiative is to streamline tax regulations and ease the tax burden on registrants. This update is key for adherence […]
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 […]
Dubai has been one of the world’s premier business centers for entrepreneurs as well as any business house that wants to be a part of tax-free advantages. However, with increasing global tax policies along with new regulations, you might wonder whether Dubai still offers its coveted tax-free business zones and how you can make the […]
UAE has emerged as one of the top most destinations to support global business. The UAE landscape and the business environment has convinced entrepreneurs from different parts of the world to shift their operations to Dubai or Abu Dhabi during the recent years. This shift is the result of the favorable tax environment that UAE […]
The introduction of corporate taxes will result in a significant change in the UAE’s fiscal landscape. UAE had developed as a business-friendly zone, with businesses not subject to any tax regime. Changed circumstances have resulted in the introduction of corporation tax legislation in an effort to adapt to worldwide taxes and diversify revenue streams. As […]
The strategic location, world-class infrastructure, and tax policy of the UAE make it an attractive area for starting a business. On the other hand, new companies have to understand how the tax system works for them to function. This guide addresses some fundamental aspects of the tax environment in the UAE to help new businesses […]
The FTA has recently approved Jaxa Chartered Accountants as a Tax Consultant in Dubai! The Federal Tax Administration, United Arab Emirates, has formally accepted and registered Jaxa Chartered Accountants as a tax agency, and we are happy to announce this. Our tax agency registration number is 300052032. Jaxa and other tax agencies/agents are essential to ensure […]
A new corporate law in UAE that would replace the existing Companies Law and other legal instruments is expected to be effective from 1 June 2023. The draft law is finalized by the Federal National Council’s legislative committee, and the process will continue until it is sent to the cabinet for final approval. Aspects of […]
The process of figuring out the cost of an overseas transaction between two or more related parties is known as “transfer pricing.” The amount charged by the holding company is known as the Transfer Price, for instance, when a subsidiary company sells items or renders services to a sister company or its holding company. In […]
