Accounting Year-End Checklist
Accounting Year-End Checklist: Key Points You Should Remember Introduction to Year-End Accounting Checklist Every business must pay attention to its accounting year-end. The accounting year-end is a busy time for all companies, including those in Dubai. Each business needs to finish up their accounts and make sure their records are correct. People sometimes find it […]
Transfer Pricing Rules UAE: Domestic & Cross-border Guide
Transfer Pricing Rules UAE: Domestic & Cross-border Guide The UAE introduced its corporate tax regime in 2023, which changed how companies manage taxes. The new rules made businesses look at transfer pricing, not just for international deals but also for domestic ones. Many business owners wonder if these rules only affect international transactions or if […]
Excise Tax UAE: Key Amendments & Compliance Guide
Excise Tax UAE: Key Amendments & Compliance Guide The United Arab Emirates keeps updating its tax rules to improve the business environment and help the country grow. The government brought new changes to the Excise Tax Executive Regulations on December 1, 2023. These changes show that the UAE wants to make tax rules better and […]
VAT Implications for SWIFT Transactions UAE Guide
VAT Implications for SWIFT Transactions in UAE Financial institutions in the UAE have a big role in moving money safely and quickly across borders. SWIFT, which stands for Society for Worldwide Interbank Financial Telecommunication, helps banks send and receive information for international payments. But as these banks use SWIFT every day, they also face challenges […]
Financial Health Checkup for Businesses in UAE | Why It Matters
Understanding the Importance of Financial Health Checkup People go to the doctor for health checkups. In the same way, a business needs a financial health checkup. This helps the business know if things are going well or if there’s a problem waiting to happen. Every business in the UAE needs to check its finances at […]
UAE Corporate Tax Penalty for Late Registration: AED 10,000
UAE Corporate Tax Penalty for Late Registration: What You Need to Know The United Arab Emirates (UAE) brings many opportunities for businesses and investors with its friendly tax system. Recently, the UAE made new rules for corporate tax. The government wants every business to follow the rules and help with the country’s growth. If you […]
Differences Between Net Income and Net Revenue in UAE
Main Difference Between Net Income and Net Revenue Every business in the UAE needs to know about net income and net revenue. You see both numbers in the profit and loss statement, but they tell different stories about the business. People make better business decisions when they know these differences. Investors and stakeholders also check […]
De Minimis Requirements for Qualified Free Zone Person in UAE
Main Rules About De Minimis Requirement The government of UAE started corporate tax in 2023. The Federal Tax Authority (FTA) gives new guides for tax payers to understand the law. The FTA told everyone about special rules for qualifying free zone persons. The De minimis requirement is one important rule for these free zone persons. […]
Selection of Related Parties for Transfer Pricing UAE
Understanding Related Parties in UAE Transfer Pricing The UAE government introduced corporate tax in 2023. This change made every business think about tax compliance and planning. At the heart of corporate tax sits transfer pricing. Transfer pricing means that companies set prices for transactions with related parties, making sure those prices are fair and open. […]
UAE Corporate Tax Registration Timeline: Key Dates & Process
UAE Corporate Tax Registration Timeline: Essential Guide Many people start businesses in the UAE because the country gives many benefits for companies. The UAE used to be known as a tax-free place, but now the government has changed the rules. Now, you must follow new laws about Value Added Tax (VAT) and Corporate Tax (CT) […]
