Blogs
Maximise Your VAT Strategy with Expert Advisory Services in Dubai
August 19th, 2024Value Added Tax (VAT) is a consumption-based tax imposed on goods and services at each stage of the supply chain, and it has become a significant source of revenue for many countries, including the United Arab Emirates (UAE). In Dubai, VAT was introduced in 2018, and businesses operating in the region are required to comply with VAT regulations. To...
Whether Individuals With 1 Million AED Turnover Should Pay Corporate Tax in UAE?
August 7th, 2024The United Arab Emirates (UAE) has been a beacon of economic opportunity and growth in the Middle East. With its strategic location, business-friendly environment, and tax benefits, it has attracted entrepreneurs and investors from all over the world. One of the key advantages of doing business in the UAE is its favorable tax regime. However, as th...
Application of Tax Credits
July 22nd, 2024Tax credits serve as powerful tools within fiscal policy, offering individuals and businesses financial incentives to engage in activities that benefit society. They come in various forms, each designed to encourage specific behaviors or investments. The United Arab Emirates (UAE), known for its dynamic business environment and strategic initiative...
What are a Qualifying Free Zone Person and a Qualifying Group under UAE CT?
July 9th, 2024The United Arab Emirates (UAE) has been a focal point for global businesses seeking opportunities in a tax-friendly environment. However, with the introduction of Corporate Tax (CT) in the region, businesses need to comprehend the concepts of Qualifying Free Zone Persons (QFZPs) and Qualifying Groups to navigate the tax landscape effectiv...
The Top Accounting Mistakes That Can Hurt Your Business and How to Avoid Them
June 21st, 2024In the intricate web of managing a business, accounting stands as a foundational pillar. However, it’s not uncommon for even the most astute entrepreneurs to stumble upon various accounting pitfalls that can significantly impact their bottom line.Understanding and avoiding these errors is critical for any enterprise’s financial health and longevity...
Top 5 Benefits of Outsourcing Your Payroll to an Accounting Firm
June 7th, 2024Outsourcing has emerged as a strategic tool for businesses looking to streamline their operations and focus on core competencies. Among the various functions that can be outsourced, payroll management is a crucial yet intricate aspect demanding accuracy, compliance, and timeliness. Engaging an accounting firm to handle payroll brings forth many adv...
What Recent Changes in Dubai’s VAT Regulations Should Businesses Be Aware of?
May 20th, 2024Dubai, a thriving global business hub, has been at the forefront of economic development in the Middle East. With its strategic location, state-of-the-art infrastructure, and business-friendly policies, the city continues to attract businesses worldwide. One crucial aspect of conducting business in Dubai is understanding and adhering to the Value A...
Why Startups in Dubai Should Consider Outsourcing Their Accounting Services
May 8th, 2024In Dubai, startups are grappling with the need for finance while efficiently focusing on innovation and growth. The significance of maintaining accurate accounting records cannot be overstated; this is where professional Accounting Services come into play. Let’s delve into the fundamental services businesses require and explore how outsourcing thes...
Understanding VAT and Corporate Tax: What UAE Businesses Need to Know
April 22nd, 2024The United Arab Emirates (UAE) has emerged as a dynamic hub for global business, attracting entrepreneurs and corporations alike. As businesses thrive in this thriving economy, it becomes imperative for them to comprehend the intricacies of value-added tax (VAT) and corporate tax to ensure compliance and financial stability. In this blog, we delve...
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