You are currently in the early stages of running your business, you have already established a customer base that’s both loyal and solid, and you have money in hiring some help for certain aspects of your business. Like a veteran multitasker, you figure that you will simply put in the extra hours and just put … Read more
What will happen to you as a business owner when you can no longer afford in paying the salaries of employees when the pay day arrives? There are a few options you can consider when this happens to you, which can help in managing the compensation of your team members that are working hard in … Read more
Why Do Companies Choose Outsourced Payroll Services in Dubai? Payroll sounds like a simple, predictable task — calculate salaries, process payments, repeat every month. In practice, it’s one of the most operationally demanding and legally sensitive functions a business runs, particularly for an LLC company juggling WPS compliance, gratuity calculations, leave accruals, and shifting labour … Read more
Article 1 of VAT Law No. 8 of 2017, defines consideration as all that is received or expected to be received in return for the provision of taxable supplies i.e., goods and services, whether in the form of money or any other payment. A tax payer may therefore receive consideration in the form of donations, … Read more
Under the law, it is required that every VAT-registered business in Dubai shall issue a Tax Invoice for any supply of taxable goods or services. According to the UAE Federal Tax Authority (FTA), both electronic invoices (e-invoice) and manual invoices (PDF or paper) should follow the latest updated rules regarding tax invoice compliance, specifically … Read more
With the country’s economic dynamism combined with an environment that is accepting to expatriates, it’s no surprise UAE or the United Arab Emirates plays a massive role in the strategies of many international businesses keen in operating overseas. Over the past two decades, UAE has become one of the leading business hubs in the world … Read more
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