A company’s management is vitally important. A business can use many tools and techniques to achieve this. Auditing the company regularly is one such method. Auditing your company is a mandatory requirement in many jurisdictions, including the United Arab Emirates. Even if the audit is not mandatory, management must do it. This will enable the … Read more
The Dubai Free Zone area is a growing hub of economic activities and it is an ideal location to set up businesses. It has the perfect combination of resources, grants, tax benefits, and a strategic setting. Thus, it is advisable for businesses to avail the services of accounting firms in Dubai, UAE to seamlessly implement … Read more
The UAE Corporate Tax Law establishes the eligibility criteria for an investment fund to be exempt from Corporate Tax. The term Investment Fund refers to an arrangement or legal entity whose primary purpose and activity involve pooling investor funds and investing them according to a defined investment policy. This encompasses real estate investment trusts, mutual … Read more
The introduction of Corporate Tax through Federal Decree-Law No. 47 of 2022 changed the game for businesses having clients from around the world. The law is simple: as a Taxable Person operating in the UAE, you must know precisely where your income comes from — within the UAE or abroad? Under the new Corporate Tax … Read more
Subsequent to the issuance of Federal Decree Law No. 47 of 2022 on the Taxation of Corporations and Businesses in the U.A.E, Taxable Persons are required to register for corporate levy and to meet all requisite conditions. Hence, it is advisable for Taxable Persons to seek the services of trusted Tax Consultants in UAE to … Read more
As per Decision No. 68 of 2023, businesses and business activities held by Federal Government Entities shall be treated as a single taxable person under specific conditions. This Decision aims to simplify corporate tax procedures and ensure consistency in tax treatment for gov entities. It specifies the conditions that must be met for federal and … Read more
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