Taxation

Are You Prepared for 2023 UAE Corporate Tax?

Not every country levies a 9% corporate tax! Only a handful of countries worldwide are tax havens, and luckily your business is located in one of them. In most countries, a significant amount of dough goes to the government in the form of taxes (there are plenty!), whether business persons or individuals. There are nations […]

FTA’s New Move Relieved Tax Registrants from Double VAT Taxation on Supplies in Designated Zones

A Quick Recap Free zones are certain set geographic areas with security measures in place to watch the movement of goods and people. VAT applies throughout the UAE but not designated free zones, a specific area assigned to be outside the UAE for Value Added Tax (VAT) purposes. According to the document published by the […]

Accounting and Bookkeeping Services in UAE

“You have to understand accounting and you have to understand the nuances of accounting. It's the language of business and it's an imperfect language, but unless you are willing to put in the effort to learn accounting - how to read and interpret financial statements - you really shouldn't select stocks yourself” - Warren Buffet. [...]

VAT Registration & Filing Services in the United Arab Emirates

United Arab Emirates government has recently introduced Taxes in the country, wherein excise tax was implemented on 1st October 2017 and Value Added Tax (VAT) on 1st January 2018. Excise Tax is applicable at a rate of 50% on carbonated drinks and 100% on tobacco & energy drinks. Value Added Tax (VAT) is applicable at […]