Role of Accounting in Business Planning UAE Guide
đ„Role of Accounting in Business Planning and Decision-Making Why Accounting Matters in Business Every business needs accounting to run smoothly each day. Accounting services are not only about recording numbers. They help a business plan for the future and use resources in the right way. Even one small mistake in accounting can cause a big […]
VAT on Export of Services Outside GCC UAE: Full Guide
đ„VAT Application on Export of Services Outside GCC Countries Introduction to VAT and Export of Services The UAE government started VAT on 1st January 2018. This new rule helped the government collect money to build and improve the country. The standard VAT rate is 5% for most goods and services. The VAT law in the […]
Money Laundering Penalties & Fines UAE 2024 Guide
đ„Complete List of Fines & Penalties for Money Laundering and Terror Financing in UAE Why the UAE Fights Money Laundering & Terror Financing The UAE is an international business hub. Many people and companies do business here every day. Because of this, the country faces high risks of money laundering and terror financing. The UAE […]
Money Laundering & Terror Financing Fines UAE List
đ„Complete List of Fines and Penalties for Money Laundering & Terror Financing in UAE Why the UAE Takes Money Laundering Seriously The UAE is a big center for international trade and business. With so many people and companies coming in and out, the risk of financial crime is very high. The government works hard to […]
Obligations of a Tax Agent in UAE: Full Guide
đ„The Obligations and Roles of a Registered Tax Agent in UAE Who Is a Tax Agent in the UAE? A tax agent is a person or a business that the government approves and registers with the Federal Tax Authority (FTA). This agent helps companies and people with VAT in the UAE. A tax agent can […]
Incoterms Guide for UAE Business: Key Rules
đ„Incoterms Guide for UAE Business: Key Rules Explained What Are Incoterms in International Trade? Incoterms means International Commercial Terms. People use these terms in global trade for shipping goods or providing services. The International Chamber of Commerce (ICC) makes these rules, and all countries use them. These rules help buyers and sellers understand their responsibilities […]
MIS Report in Accounting: Full Guide Dubai
đ„MIS Report in Accounting: Complete Guide for UAE Businesses Introduction to MIS and Its Importance MIS stands for Management Information System. Every business needs a good MIS system to find problems and fix errors. This system gathers information from all departments in the company and gives helpful reports. When the management gets these reports, they […]
Effects of VAT on Education Sector UAE: Full Guide
đ„Effects of VAT on Education Sector in UAE: Full Guide VAT on Education in the UAE Education gives people the skills they need for life. Every country wants to offer the best education to its citizens. In the UAE, the government knows how important education is, so it gives special tax rules for schools and […]
Business Expenses Entrepreneurs Ignore to Prepare For
Important Business Expenses Entrepreneurs Ignore to Prepare For Why Do Entrepreneurs Miss Key Business Expenses? Starting a business always takes a lot of money. Every new business owner dreams about how much profit theyâll make, but sometimes they forget about the hidden costs. You can plan for expenses, but itâs easy to miss important ones […]
What Is Corporate Tax in UAE? Full Guide & Impact
đ„ What Is Corporate Tax in UAE? Explanation & Impact Whatâs Corporate Tax in UAE? Corporate tax is a direct tax the UAE government collects from the profit of companies and other businesses. The Ministry of Finance announced that this tax would start from June 1st, 2023. People sometimes call this tax âcorporate income taxâ […]
