Corporate tax is an essential aspect of running a business in the UAE. With its favorable tax laws and a favorable business environment, the UAE has become a hub for foreign investors. It makes it crucial to have a deep understanding and read the information on the corporate tax system in the UAE, i…
Blog posts
Steps And Requirements VAT Registration In UAE
Under the value-added tax (VAT) system implemented on January 1, 2018. UAE VAT registration is mandatory for businesses with annual revenue exceeding AED 375,000 ($102,000).
Registration to the FTA requires a sound basis for the registration, preparation of the necessary evidence, and documenta…
Outsourced Accounting Services in Dubai, UAE
Dubai is renowned for its vibrant business culture offering an ideal economic and tax environment for businesses. Consequently, it is home to a few accounting firms that offer a wide range of services to businesses of all sizes to support their operations. For many businesses, working with an accoun…
Outsourcing Human Resource Management Services in UAE
Outsourcing HRM refers to the practices and policies that a company puts in place to manage its employees. That can include recruiting, hiring, training, performance management, and compensation. In the United Arab Emirates (UAE), HRM practices are shaped by the country’s unique culture, labor laws,…
Outsourcing Human Resource Management Services in UAE
Outsourcing HRM refers to the practices and policies that a company puts in place to manage its employees. That can include recruiting, hiring, training, performance management, and compensation. In the United Arab Emirates (UAE), HRM practices are shaped by the country’s unique culture, labor laws,…
UAE VAT Registration Guide For 2023
In the United Arab Emirates (UAE), VAT is a consumption tax that is levied on most goods and services sold in the country. If your business is based in the UAE or you are planning to start a business in the UAE, you may need to register for VAT if your taxable supplies and imports exceed a certain t…
UAE VAT Registration Guide For 2023
In the United Arab Emirates (UAE), VAT is a consumption tax that is levied on most goods and services sold in the country. If your business is based in the UAE or you are planning to start a business in the UAE, you may need to register for VAT if your taxable supplies and imports exceed a certain t…
What Is Transfer Pricing & How Does It Impact My UAE-based Business?
What is Transfer Pricing?
Since the implementation of Corporate Tax in UAE, The notion of Transfer Pricing (TP) is receiving more attention in the Ministry of Finance (MoF) released Questions and Answers along with public Consultation documents.
This idea could be new for many local-owned…
Federal Corporate Tax in UAE – Published Official CT Legislation
After the announcement by the government regarding the benefits of Corporate Tax in UAE (CT) and the frequently asked questions (FAQs) on January 31, 2022, as well as the publication of the Public Consultation Document in April 2022, the Federal Decree-Law no. 47 of 2022 regarding the Taxation of Co…
UAE VAT Registration in 2021 – A Step-by-Step Guide
Since the UAE introduced the VAT on Value Added Tax (VAT) on January 1st, 2018, business owners are required to follow the rules, including UAE VAT Registration and tax filings.
Companies operating in the UAE must ensure that VAT is correctly collected and properly accounted for so that it can …
UAE Amendment of the VAT Decree-Law
The Decree-Law No. 18-2022 regarding VAT was announced on the 28th of September 2022. It announced amendments to a few aspects in the UAE Federal Decree-Law no. 8 of 2017 on VAT (Value Added Tax). The changes will take effect on January 1, 2023.
In all, 24 articles were modified and one articl…
UAE VAT Registration in 2022 – A Step-by-Step Guide
Since it was announced that UAE implemented VAT on Value Added Tax (VAT) 1 January 1st, 2018, business owners must follow the rules, which include UAE VAT Registration and tax filings.
Businesses operating in UAE should ensure that VAT is collected correctly and adequately accounted for so they…
A Guide to Liquidation of Companies
When any business can no longer afford to operate, liquidation is a formal process done by an approved firm to ensure the business meets its obligations to shareholders and other stakeholders (e.g. debtors, employees, and Government entities).
In this guide, we take a closer look at Company liqui…
Audited Financial Tips from the Top Audit Firms in Dubai
Your business may be obliged to present audited financial accounts to external stakeholders. These can include Licensing Authorities or other external stakeholders. If you are new to the procedure, it can initially seem daunting.
To help you get a better understanding of how audits work, how they…
VAT Registration For Businesses In The UAE - SimplySolved
As a UAE business or individual receiving commercial consideration, UAE VAT Registration is mandatory if your taxable supplies exceed AED375,000 in the next 30 days.
For many businesses, Registering for UAE VAT often leads to frustration and delay. It is a common misconception the issuance of a U…
Why Outsourcing HRM Operations Works - Top 5 Reasons
It’s common for some organisations to overlook HRM operations especially when revenue-generating operations and other priorities consume management attention. Nevertheless, human capital is critical, and the success of the organization has been strongly linked to the performance of its human resourc…
Implementing Odoo Accounting to Meet UAE FTA Compliance
Implementing Odoo Accounting provides significant capabilities in managing a range of accounting operations in a more advanced manner than standard cloud-based accounting systems. These include multi-company support, automation of intercompany transactions, advanced reconciliation, budget managemen…
Benefits of Odoo ERP Implementation
ERP– also known as referring to it as enterprise resource planning, is software that lets you manage and monitor a variety of different business practices in a variety of capacities and roles.
In running an enterprise, it’s essential to make sure that every role and function is coordinated sinc…
Advantages and Disadvantages of Payroll Outsourcing
Payroll outsourcing is a solution offered by an external company that provides tax, legal, and accounting services for companies so that workers get their pay in a timely, accurate way, with the least risk.
When they allow an external service to handle their payroll, businesses can reduce the…
6 Signs You May Need Outsourced Payroll Services
As a business owner, you’re bound to get overwhelmed by payroll tasks which can hinder your ability to run your business. That is the reason why most companies opt for outsourcing. However, is this the best method for you? Here are the top six indicators that you might require outsourcing your payro…
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