Blogs
VAT Refund Scheme on Goods & Services Linked With Expo 2020 Dubai
June 6th, 2022As the countdown for "World’s Greatest Show" begun, Dubai government has initiated several measures for providing the best of facilities to people visiting here from across the globe. In continuation, FTA (Federal Tax Authority) has rolled out notifications about conditions and procedures for grant of VAT refund to business officials in UAE for fac...
TRN Number in UAE
May 20th, 2022The TRN (Tax Registration Number) is a special number for individuals who are registered for value-added tax (VAT) in the UAE by the Federal Tax Authority. The implementation of VAT was an addition in the UAE taxation law implemented on 1st January 2018. Like explained in our previous posts the law required companies to be registered for charging V...
Hiring Online Bookkeeping Services For Small Businesses
May 14th, 2022What is Bookkeeping?Bookkeeping is the process of accurately recording a business's financial activities. Bookkeeping services for small businesses are crucial for maintaining organized financial records. This involves documenting all financial transactions into well-structured accounts on a daily basis. Bookkeeping is an essential part of accounti...
Accounting Services For E-commerce Companies In Dubai
April 21st, 2022Accounting is one of the most critical determinants for the long-term success of any business. Though it's a time taking process, one can't ignore it. But when it comes to an E-commerce business, the process becomes a little bit different. Overseeing cash flow is essential to deciding the progress of the E-commerce business. Therefore, irrespective...
Essential Tips To Choose The Best Accounting Service Provider In UAE
April 11th, 2022There are several factors that business owners have to consider before choosing an accounting service specialist who can handle all their company's accounting tasks. From quality services, skills, and price ranges to meeting scalability requirements, all these aspects play an essential role in choosing the best accounting service provider in Dubai....
Know About Corporate Tax In UAE
March 21st, 2022UAE is a no-tax commercial hub. 'UAE income tax' is not a commonly used term either. Only municipal and custom taxes are applicable. An emirate-level tax is paid by some services, like taxing large Oil and Gas Corporation and Foreign banks operating in the emirate. It also has large areas designated as free economic zones, where full foreign o...
How Accounting Services Can Help Small Business Grow In The UAE?
March 12th, 2022Accounting services are vital in the growth of a small business. They form the base on which the entire financial structure of the small business is built. From advising the company executives about the financial health and cash flow to keeping the accounts well organised, accounting services play a crucial role. A small business owner with ke...
Minimising Risks and Ensuring Compliance: Vat Audits and Assessments In Dubai
February 18th, 2022In today’s regulatory landscape, navigating compliance audits, creating risk mitigation plans, and staying updated on penalty regulations are crucial tasks for businesses in Dubai. The introduction of VAT has made compliance auditsc hallenging. However, businesses can use external experts such as a reputable VAT Consultancy Dubai, to streamline the...
Mastering VAT Compliance and Reporting in Dubai: Key Deadlines and Best Practices
February 12th, 2022The VAT introduction in UAE has necessitated business owners to understand the impact of consumption tax on goods and services sales. Not adhering to the rules and regulations regarding VAT can lead to significant monetary punishments and penalties. The compliance requirements apply to tax-registered businesses operating within the UAE mainland and...
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