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.
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.
For the UAE VAT Registration, two or more persons performing businesses may apply for Tax Registration as a ‘Tax Group’.
UAE is evolving as the desired center for investments & startups in the global commercial environment.
UAE has known to be one of the major exporting States amongst all countries in the GCC.
A scalable start-up involves a pioneering idea & pursuits for a scalable & repeatable business model that will result in a high-growth, profitable company.
Accounting plays a crucial role in operating a business because it helps track income & expenditures, ensure statutory compliance, & provide investors, management, & government
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
Value Added Tax commonly also known as VAT was introduced in UAE on January 1st, 2018, which obligated all business entities to comply with the requirements of the new VAT LAW.
For financial audits, leases accounting is extremely vital. In December 1997, the IASC agreed to the standard of recording leases as a financing activity.
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.
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.
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.
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.
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.
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.
Accounting is considered as the back bone of any business. Businesses these days want to maintain accounts in cost-effective manner, that adds value to their organization and achieves productive results.
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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