Correction of Errors or Omissions in Tax Returns 🥇
Introduction: Correction of Errors or Omissions in Tax Returns Correction of errors or omissions in tax returns is now a serious duty for businesses in the UAE. The Federal Tax Authority (FTA) issued Decision No. 8 of 2024, effective from January 1, 2025. This decision gives clear steps for correcting VAT return mistakes. Many businesses […]
Audit Report: Its Elements and Types Explained 🥇
Introduction: Why Audit Report Matters An audit report shows the financial health of a company. It’s not only a file with numbers but also a trusted record. It helps investors, owners, and managers see if the company’s records are correct. It also confirms if the company follows global accounting rules. Mubarak Al Ketbi (MAK) Auditing […]
Corporate Tax Benefits for Innovation-Driven Start-Ups and Tech-Driven Businesses 🥇
Introduction: Corporate Tax as a Growth Partner Corporate tax often looks like a burden for small start-ups and tech businesses. Owners feel nervous because it reduces immediate cash. Yet, in reality, it can bring strong advantages. In the UAE, rules for corporate tax are built to support innovation, investment, and fair market growth. Start-ups gain […]
Accounting and Bookkeeping Basics for Startups UAE 🥇
Accounting and Bookkeeping for Startups in UAE Accounting and bookkeeping for startups in UAE sit at the heart of business control. A founder runs sales and builds products in a busy market. He or she also keeps books with care for taxes and audits. Good records keep cash healthy and keep stress low. You shouldn’t […]
How does VAT work in UAE – Simple Guide 🥇
How does VAT work in UAE How does VAT work in UAE is the main question for every new owner. VAT is a tax on the use of goods and services. The seller collects VAT from the buyer at each step in the supply chain. The seller then pays VAT to the government by the […]
Advantages of Part Time Accounting Services in Dubai 🥇
Advantages of Part Time Accounting Services in Dubai Advantages of part time accounting services in Dubai help a business save money and time. This line places the main phrase near the start for search strength. Dubai grows as a business hub with friendly rules. VAT changes affect how owners keep records. Every registered company must […]
Bad Debts Adjustment Scheme Under VAT in Dubai 🥇
Bad Debts Adjustment Scheme Under VAT in Dubai Bad Debts Adjustment Scheme Under VAT in Dubai is a key topic for owners in the UAE. This line places the primary phrase near the start for search signals. A business sells goods or services on credit in normal trade. A customer sometimes doesn’t pay the due […]
Books of Accounts under VAT in Dubai
Books of Accounts under VAT in Dubai Books of accounts under VAT in Dubai is a core duty for every company. The UAE introduced VAT on 1 January 2018 at a 5% rate. The state uses the tax for public services and growth. A registered seller charges VAT to customers. The seller pays the net […]
Reverse Charge Mechanism Dubai UAE
Reverse Charge Mechanism Dubai UAE Reverse charge mechanism Dubai UAE is an important part of VAT law. In the normal rule, the supplier collects VAT from the buyer and pays it to the government. This is called forward charge mechanism. Under reverse charge mechanism (RCM), the buyer or recipient must pay VAT directly to the […]
VAT Impact on Newly Registered Companies Dubai 🥇
VAT Impact on Newly Registered Companies Dubai VAT impact on newly registered companies Dubai is a key topic for owners in the UAE. This paragraph puts the main phrase near the start for search signals. VAT is a tax on the use of goods and services. The seller collects VAT from the buyer. The seller […]
