Tax Refunds for International Events in UAE 🥇
Tax Refunds for International Events & Seminars in UAE On 16 June 2019, the UAE Cabinet approved a decision allowing VAT refunds for all international events, conferences, and seminars held in the UAE. This decision means event organizers can claim a refund of VAT paid on services related to arranging these events. The purpose of […]
UAE VAT Law Effect on Real Estate Sector 🥇
VAT Law Effect on Real Estate Sector in UAE The UAE introduced Value Added Tax (VAT) at 5% from 1 January 2018. According to the FTA and Dubai Land Department, VAT’s impact on real estate is limited, as about 85% of the sector’s components are exempt from tax. This law was designed to diversify government […]
Digital Tax Stamp Scheme in UAE 🥇
Digital Tax Stamp Scheme in UAE The Federal Tax Authority (FTA) introduced the Digital Tax Stamp (DTS) Scheme to regulate tobacco products. From 1 August 2019, selling or possessing cigarettes without a Red Digital Tax Stamp became illegal in the UAE market. The scheme aims to ensure proper tax collection and track tobacco products across […]
Qualified CFO Adds Value to Business UAE 🥇
Qualified CFO and Business Growth in UAE “Cash is king; a competent CFO is a kingmaker.” This saying is true for every business. A Chief Financial Officer (CFO) is one of the most important leaders in a company. Today’s CFO is not just a finance manager but also a strategic partner who helps steer the […]
Tax Audit and Its Effect on Business UAE 🥇
Tax Audit and Its Effect on Business in UAE Tax is a compulsory contribution that funds government spending. It applies on income, profits, goods, and services. The UAE implemented VAT law on 1 January 2018, making tax compliance essential for every business. Companies must keep proper records, update accounting systems, and follow VAT laws to […]
Outsourcing Accounting Services in UAE 🥇
Outsourcing Accounting Services in UAE The UAE is growing fast, and businesses must keep proper accounts to stay compliant. According to UAE Commercial Company Law 2015 and VAT Law, companies must keep books for at least five years. Many businesses find it hard to manage accounts in-house while focusing on core operations. Outsourcing accounting services […]
Business Advisory Services in UAE 🥇
Business Advisory Services in UAE Business Advisory Services help companies identify opportunities and solve problems. They guide on strategy, budgeting, cash flow, and profit improvement. They support businesses in buying or selling companies, succession planning, and technology selection. Business priorities change as the economy shifts and companies grow. Start-ups focus on funding and market entry, […]
VAT Consultancy Services in UAE 🥇
VAT Consultancy Services in UAE The UAE introduced Value Added Tax (VAT) on 1 January 2018 at a 5% rate. This tax gave the government a new source of income to fund public services and reduce dependency on oil revenue. VAT applies to most goods and services, and businesses must follow the rules to stay […]
Professional Bookkeeper Services in UAE 🥇
Professional Bookkeeper Services in UAE Running a business in UAE needs proper financial records. Bookkeeping helps keep track of money flow. It shows purchases, sales, and receipts. Clear records help business owners make decisions. What is Bookkeeping? Bookkeeping is a method to record all business transactions. It keeps account books correct and organized. A bookkeeper […]
VAT in UAE: Effects on Common Man 🥇
VAT in UAE: Effects on Common Man The UAE ended its tax-free era on 31 December 2017 with the launch of Value Added Tax (VAT). Starting from 1 January 2018, a 5% VAT was applied to certain goods and services. This small tax still affects cost of living in the UAE. The main benefit of […]
