There are already registered tax agents in Dubai as the Federal Tax Authority (FTA) has approved a lot of them now. These people have met the requirements and tests that are set for people to become tax agents. The FTA has approved of this idea of having tax agents for the country to further implement … Read more
Bookkeeping is one of the oldest things that a business needs. It dates back to the era wherein technology was still nowhere to be found and everybody did everything manually. Bookkeeping was literally done by being written in books and kept for references and ensuring that everything was meticulously made. Financial transactions, purchases or sales, … Read more
VAT in UAE as a Short Review The UAE has been dealing with value-added tax (VAT) since the first day of the year 2018 with a 5% rate. Excise Tax, on the other hand, has been introduced since 1 October 2017, 50% on energy and carbonated drinks and 100% on tobacco goods. Many or all corporations … Read more
It has been mandated by the government of the United Arab Emirates (UAE) that taxable people are required to submit their VAT returns. With the Federal Law No. (7) of 2017 on Tax Procedures, it has been stated there that the VAT return should have the data needed by the authorities with regard to tax. … Read more
A tax accountant’s assistance is always sought during tax season. It is however uncommon for people to realize that accountants are capable of much more than simply recording financial transactions in a systematic and detailed manner. Accounting services in Dubai can help SMEs grow into thriving, compliant companies in a variety of ways. Essentially, accountants … Read more
To register a business in the UAE, it’s important to understand how taxes are levied and collected under the statutory Federal VAT Law. Tax agents play a critical role in ensuring businesses comply with all regulations; since understanding tax regulations can be complex, engaging with an experienced professional is recommended. In this blog post, we … Read more
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