The United Arab Emirates (UAE) introduced Value Added Tax (VAT) at a standard rate of 5% on January 1, 2018. VAT is an indirect tax applied to the consumption of goods and services in the UAE, collected by registered businesses and remitted to the Federal Tax Authority (FTA). One sector affected by VAT is the … Read more
An offshore company in the UAE is a legally established entity within a free zone, designed to conduct international business while benefiting from various tax advantages. While it is not permitted to operate directly within the UAE market, it has the jurisdiction to conduct business globally. This article provides an overview of the corporate tax … Read more
A civil company is a professional service entity constituted of multiple professionals offering services in fields such as consultancy, law, accountancy, engineering, healthcare, and related industries. For corporate tax or levy purposes, civil companies are required to register with the Federal Tax Authority (FTA) and ensure compliance with corporate tax law and requirements. The applicable … Read more
LLC Companies are required to register for corporate tax, and at the end of the fiscal year, file an annual return under UAE Corporate Tax Law. This article explains the corporate tax registration for LLCs in UAE. Are LLC Companies Required to Register for Corporate Tax in the UAE ? LLCs are required to register … Read more
Transparency and compliance have become the prime methods of operation in the rapidly changing business world of the UAE. Knowing your TRN(Tax Registration Number) is one of the most important things about tax(levy) compliance. As an entrepreneur, investor, or foreign-owned business, knowing how to locate a TRN number of a firm in UAE can make … Read more
The primary purpose of the accounting function in an organization is to process financial information and prepare financial statements at the end of the accounting period. To meet the purposes, a series of steps are required. The Accounting Cycle is a 9 standardized practice used by organizations to record and calculate financial transactions & activities … Read more
Hold On!
For audit, accounting, tax, or VAT, our team is here to help.
Need Expert Advice on: