If you run a business in Dubai that is registered for VAT, it’s very important to follow the rules set by the Federal Tax Authority (FTA). This article provides a full VAT Preparation and Return Filing Checklist that will help you make your VAT compliance process easier and avoid fines. Following a structured pre-filing routine … Read more
Understanding AML What is Anti-Money Laundering? Anti-Money Laundering simply refers to the sets of rules and procedures formulated to prevent criminals from successfully converting illegal funds into legitimate assets. The aim is quite simple: prevent the money coming from fraud, corruption, or trafficking, among other crimes, from entering the financial system. Money laundering usually occurs … Read more
Corporate tax became a mandatory requirement for UAE businesses following the introduction of Federal Decree–Law No. 47 of 2022. For a new business, timely Corporate Tax Registration would play a dual role: it helps them avoid penalties and confirms their legal status before the Federal Tax Authority (FTA). A registered business gets its Tax Registration … Read more
UAE Corporate Tax was initiated under Federal Decree-Law No. 47 of 2022 and Cabinet Decision 34 of 2023, and it brings with it a new horizon for investment managers in the region. The law balances competitiveness with global transparency while assuring clarity to local and foreign investors alike.Under the Corporate Tax UAE regime, businesses in … Read more
Financial transparency and compliance has always been of critical importance in the Fast-evolving business landscape of Dubai. Partnering with a professional audit firm in Dubai is always a good idea when it comes to ensuring compliance with the fast changing laws of the business in UAE. Farahat & Co. is one company that is aware … Read more
The UAE published Federal Decree-Legislation No. (47) of 2022 on the taxation of companies and enterprises on December 9, 2022 (hereafter referred to as the “CT law”). The Corporate Tax law, which is applicable to fiscal years beginning on or after 1 June 2023, establishes the legal framework for the adoption and operation of a … Read more
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