Blogs

Excise Tax

Excise Tax

All businesses in the UAE that manufacture, import or stockpile excise goods, or anticipate doing so, are mandatorily required to register for the Federal Excise Tax in the UAE.

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Company Formation Services

Company Formation Services in UAE

We provide a range of outstanding services for setting up your business hassle-free in the UAE. We realize that establishing a company in a foreign country is indeed a challenging task & hence, we regard to assist our clients in taking truthful & profitable decisions.

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Inflation Affects Businesses

How Inflation Affects Businesses

In the unprecedented times of the pandemic, a series of unexpected situations were encountered globally by all. The business & overall life changes were inflicted by the coronavirus, & this has been challenging to survive.

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Ecommerce Accounting Mistake

Most Common E-Commerce Accounting Mistake

Handling an e-commerce business can be tricky, especially the books of accounts. Unfortunately, most e-commerce business owners are unaware of these discrepancies, ensuing in inevitable accounting errors.

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Corporate Tax

Corporate Tax in the UAE

It was officially announced by the UAE’s Ministry of Finance, on the 31st of January 2022, that UAE will be introducing a corporate tax (CT) regime, which will be effective from 1st June, 2023.

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Finance Solution

Finance Solution

A scalable start-up involves a pioneering idea & pursuits for a scalable & repeatable business model that will result in a high-growth, profitable company.

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Uncategorized

FAQ’s on VAT Registration

Value-added Tax (VAT) was introduced in the United Arab Emirates (UAE) on 1 January 2018. The general VAT rate applied is 5% and it applies to most goods and services, with some subject to a 0% rate or an exemption from VAT

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Accounting IFRS 16

Accounting IFRS 16

For financial audits, leases accounting is extremely vital. In December 1997, the IASC agreed to the standard of recording leases as a financing activity.

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VAT Public Clarification

VAT Public Clarification

Most enterprises participate in contracts with telecommunication service providers to make mobile phones (“Phones”), airtime (“Airtime”) (also referred to as calling minutes) & data packages (“Packages”), accessible to their employees to execute outside the office hours or at locations away from the office.

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VAT Penalties

Amendment in VAT Penalties

The Federal Tax Authority (FTA) assigned a public clarification on 28th April 2021 with regards to the amendments for provisions under the Cabinet Decision No 40 of 2017 for administrative penalties.

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Tax Residency Certificate

FAQ – Tax Residency Certificate

A Tax Residence Certificate is an official document issued by the UAE Ministry of Finance. It is used to establish the country of tax residence for a legal entity or a company.

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Outsourced Accounting

Outsourced Accounting

Outsourced accounting is basically employing a service that supports a full accounting department experience. This usually includes everything from the day-to-day transaction coding, accounts receivable, accounts payable, payroll & taxation to managing financial reporting.

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Business Valuation

Importance of Business Valuation

Business valuation regulates the economic value of a business or business unit. Business valuation can be used to evaluate the fair value of a business for many reasons, such as sale value, establishing partner ownership, taxation, and or divorce proceedings.

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VAT Registration & Deregistration

Vat Registration & Deregistration Procedure

Value-added Tax (VAT), was introduced in the United Arab Emirates (UAE) on 1 January 2018. The general VAT rate applied is 5% and it applies to most goods and services, with some subject to a 0% rate or an exemption from VAT.

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Economic Substance Regulations

All you need to know about ESR

Economic Substance Regulations in the UAE Economic substance regulations are the new cabinet decision endorsed by the United Arab Emirates (UAE) ministry through the Cabinet

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