Value-added tax (VAT) is a tax levied on each value-added level of a product throughout the supply chain.
Majority of businesses in UAE which meet the criteria for registration under VAT have already registered.
What is the VAT Return: The official document to be completed by the Taxable Person
A VAT audit is a process of investigating the financial data & records of taxpayers in the UAE.
A VAT refund is a refund of VAT paid on goods purchased in Europe as a non-resident.
Federal Decree-Law No. 18 of 2022, amending the VAT Law, was released by the UAE’s President.
Carbonated drinks include any aerated beverage except for unflavoured aerated water.
Excise tax is an indirect tax levied on the sale of certain goods.
Corporate tax is a form of direct tax levied on the net income or profit of corporations
We reaffirm our commitment to meet international standards for tax transparency and to prevent harmful tax practices.
Legal entities that have a permanent establishment in the UAE, are incorporated in the UAE
A competitive CT regime based on global best practices is expected to strengthen the UAE’s position as a top business
Companies and establishments that are involved in ‘relevant activities’ in the UAE are required to submit economic substance
We provide ESR UAE services to help companies remain compliant with the requirements of Economic
The UAE applies (ESR) to local businesses located in the country, including businesses within free zones
The purpose of bookkeeping is to systematically record financial activities and transactions in chronological order.
As businesses expand and become more dynamic, the need for a senior-level financial
The primary role of internal audit is to help an entity secure its assets, reputation and sustainability along
It is a myth that the auditing of a company needs to be done only because it is mandatory by law.
An inventory audit is defined as the process of checking a company’s actual inventory levels against their financial records
Generally, a backlog refers to an order or document that needs to be completed.
All Designated Non-Financial Businesses and Professions (DNFBPs) were required to register with the goAML portal.
Tax Residence Certificate (TRC), referred to the certificate that is issued by the UAE Federal Tax
In case a company wishes to import or export goods into or from Dubai, it needs to be register with Dubai Customs
Starting a company / business in Dubai with Dubai Business Setup in simple and time-saving.
A liquidator is a UAE-registered agent or a firm, typically a chartered accountancy or audit firm
What is the UAE Free Trade Agreement? FTA stands for UAE Federal Tax Authority. It is the government agency responsible for administering, collecting and enforcing federal taxes and related penalties, as well as distributing tax revenues and applying tax-related procedures in the UAE. The Federal…
Omani companies can raise finance through debt or company equity. Income taxes are not levied by the government on: Dividends from a sole proprietorshipReceipt of dividends by a company from the shares of another company registered in OmanWithholding tax (WHT) applies (depending on the relevant…
The implementation of the first phase (generation phase) of e-invoicing in Saudi Arabia begins on December 4, 2021 and is subject to the e-invoicing regulation Applies to all taxpayers. This first phase requires all compliant businesses to create and store electronic invoices with specific specifications…
The ZATCA’s system (Fatoora Portal) will be combined with the business’s software, such as accounting software, EPR, etc., during the integration phase, also referred to as phase 2 of e-invoicing. Under this approach, the invoice is generated by the supplier and then electronically posted to…
If you are a business owner, it is time to align your business practices with the VAT (value-added tax) system. As you are aware, the UAE and Saudi Arabia will implement a 5% VAT from January 1, 2018. Business records must now be kept for…
With the execution of VAT in UAE on 1st January, 2018, the businesses found in Free Zone were generally stressed almost the VAT Registration uae suggestion on their commerce. As a to begin with step towards giving the much-needed clarity on free exchange zone, the…
**Compulsory VAT Registration in the UAE** In the United Arab Emirates (UAE), businesses are obligated to undergo VAT registration under specific circumstances: 1. **Resident Businesses:** If a business is based in the UAE and its total supplies in the member states have exceeded AED 375,000…
**Mandatory VAT Registration in the UAE** If a business has its headquarters in the United Arab Emirates and its total supplies in the member states over the previous 12 months have surpassed AED 375,000, it must undergo mandatory VAT registration in the UAE. Additionally, if…
When determining if the value of supplies has exceeded the mandatory or voluntary registration threshold limits in the UAE, several factors must be taken into account: 1. Taxable Supply of Goods and Services: Taxable supplies encompass all goods and services provided in the UAE, subject…
In the United Arab Emirates (UAE), the Federal Tax Authority (FTA) has established specific VAT registration deadlines based on businesses’ turnover. The following outlines the VAT registration deadlines in the UAE: **Compulsory Registration** – Companies generating revenue surpassing AED 375,000: – Companies with a turnover…