A bookkeeper is one of the most important hires a business makes. They handle the financial backbone of the company while you focus on growth. Hiring in a rush, without carefully considering the skills and person you actually want, is genuinely risky, a good bookkeeper strengthens the business, while a poor one can leave you … Read more
The UAE Federal Tax Authority (FTA) published a Basic Tax Information Bulletin tailored specifically for natural persons, equipping taxable individuals with the detailed knowledge needed to meet their Corporate Tax obligations correctly. This guide summarizes the bulletin’s key points, corrects a commonly circulated rate error, and covers the financial statement requirements that apply once a … Read more
On 19 July 2024, the UAE Federal Tax Authority (FTA) introduced a new policy to refund fees for private clarification requests, via FTA Decision No. 5 of 2024, effective from 1 August 2024. This decision simplifies and improves the previous fee regulation for private clarifications, setting out clearly under which conditions a refund can be … Read more
Does a UAE Cryptocurrency Trading Business Need VAT Registration? The VAT position for cryptocurrency trading businesses in the UAE changed significantly under Cabinet Decision No. 100 of 2024, which amended the VAT Executive Regulations to treat the transfer of ownership and conversion of virtual assets, including cryptocurrencies, as an exempt financial service. This means that, … Read more
Dubai’s Virtual Assets and Related Activities (VARA) law provides a complete framework for regulating virtual asset holdings and activities, built around cross-border financial security and economic sustainability. The Compliance and Risk Management (CRM) Rulebook sets out a defined procedure for auditing virtual asset holdings specifically, helping Virtual Asset Service Providers (VASPs) and holders conduct these … Read more
VAT on commercial property in the UAE involves more than just knowing the rate, it requires understanding why commercial property is treated differently from residential property, how payment actually gets processed through the FTA’s EmaraTax portal, and what both the buyer and seller are each responsible for. This guide covers the underlying VAT treatment of … Read more
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