The Federal Tax Authority (FTA) and the Ministry of Finance announced that corporate tax would take effect in the United Arab Emirates on June 1st, with a rate of 9%. For UAE Free Zones, the UAE has published a completely own set of company tax laws. The phrase Qualifying income under UAE corporate tax has… Read More »
Audit firms/consultants in Saudi Arabia are essential to comprehending the financial side of a company. They assist in clarifying and emphasizing the company’s main advantages and strengths so that executives may decide wisely based on the state of the market and the company’s position. To enhance corporate governance and operational standards, business organizations need an… Read More »
The United Arab Emirates (UAE) introduced the Corporate Tax Law on June 1, 2023. Because it aimed to diversify its revenue sources and ensure sustainable economic growth. While complying with tax regulations is crucial for businesses operating in the UAE, some organizations may inadvertently commit violations. It further leads to penalties and legal consequences. In… Read More »
In the bustling business landscape of Dubai, navigating the complex world of Value Added Tax (VAT) requires expert guidance. VAT compliance is not just a legal requirement but a critical aspect of business operations. VAT is a critical aspect of business operations in the UAE, and compliance is essential to avoid penalties and ensure financial… Read More »
The UAE authorities introduced a corporate tax on June 1st, 2023. As per the new law, any taxable individual or business must pay a 9% corporate tax, starting from their initial financial year that begins on or after the mentioned date. Let’s explore the connection between ERP Software and corporate tax UAE. This announcement has… Read More »
A Designated Zone is an area specified by the cabinet decision that fulfills the conditions outlined in the UAE Executive Regulation. Authorities consider it a VAT-free Zone and treat it outside the State of UAE for VAT purposes. Consequently, VAT will not be levied on any transfer of goods between Designated Zones. This article will… Read More »
Owning a business may be quite lucrative in Dubai because it is a place full of chances and opportunities. Many people, however, are unaware of Dubai’s corporate structures. Company formation in Dubai seems very difficult but it becomes easygoing when you have basic knowledge of Dubai’s business landscape. Therefore, if you are one of those individuals seeking… Read More »
The first UAE VAT return, which companies must file for which the monthly VAT return is important, is due on February 28, 2018. Businesses must use the Federal Tax Authority (FTA) portal to submit their VAT returns online. If no offline filing options are available using XML, EXCEL, or any other software; the FTA portal… Read More »
Corporate tax exemptions and incentives are key factors that attract businesses to the United Arab Emirates (UAE). With a business-friendly environment and a focus on economic growth, the UAE offers a range of tax benefits to support and incentivize businesses. In this blog post, we will explore the top 5 corporate tax exemptions and incentives… Read More »
For a long time, the UAE has been a tax haven! Entrepreneurs and small company owners from all over the world were flocking to Dubai and other Emirates to pursue their goals. Because of the subsidized corporation tax and hospitable business climate. To flourish. To accomplish. The corporate climate evolves as time goes on. The… Read More »
You must have hired an accountant to do financial audits for your business. But do you know you can yourself handle audits? If you don’t want to take the task in your hand, then at least you can help automate regular tasks for your accountant. Your chosen accounting software will do this miracle for you. In… Read More »
VAT A value-added tax (VAT) is a form of tax that is levied gradually. It is applied to the price of a product or service. Usually applied at each stage of manufacture, distribution, or sale to the end user. The final customer can reclaim the VAT tax paid if they are a firm that collects… Read More »
