The early stages of running a business are exciting — but they are also the period when financial decisions carry the most weight. Choices made in the first months of a startup set patterns that can either compound into healthy, sustainable growth or quietly accumulate into problems that become increasingly difficult to address. The good … Read more
When the UAE introduced Value Added Tax through Federal Decree-Law Number 8 of 2017 — issued on Sunday 27 August and implemented from 1 January 2018 — it did so with one of the lowest VAT rates in the world, at 5%. The law also established clearly defined categories of goods and services that are … Read more
The recovery of costs — commonly referred to as recharging — is one of the more nuanced and frequently misunderstood areas of UAE VAT. The Federal Tax Authority (FTA) has published public clarifications on the taxability of recharges, reflecting how significant this issue is for businesses managing multi-party transactions. Yet the term “recharge” itself remains … Read more
The UAE has implemented a Digital Tax Stamp system for tobacco products as part of its broader effort to establish an accurate and effective control mechanism over the tobacco supply chain. The system enables the relevant authorities to efficiently collect excise taxes on tobacco products, ensures transparency across the supply chain, and serves as a … Read more
Since the UAE introduced Value Added Tax, businesses across the country have had to adapt to a new layer of financial and regulatory responsibility. VAT is not simply an additional cost to pass on to customers it is a structured compliance obligation that requires accurate calculation, timely filing, proper record-keeping, and a clear understanding of … Read more
Ask any accountant, and they will tell you the same thing: accounting is the lifeblood of a business. It is not simply a back-office function — it is the foundation on which every financial decision, every compliance obligation, and every growth plan is built. A business whose accounting is poorly structured or inconsistently managed is … Read more
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