Value-Added Tax in GCC and It’s Rates – Mubarak Al Katbi
Value-Added Tax in the Gulf Cooperation Council and Its Rates The Gulf Cooperation Council (GCC) is a group of Arab countries in the Persian Gulf, except Iraq. These countries are Saudi Arabia, United Arab Emirates, Bahrain, Kuwait, Oman, and Qatar. The GCC was formed in 1981 to help these countries work together. The main goal […]
All About Corporate Tax in UAE – Mubarak Al Katbi
Simple Guide to Corporate Tax in the UAE In January 2022, the UAE Ministry of Finance shared that Corporate Tax would start across the UAE. This tax rule would start from June 1, 2023. The tax applies based on the business’s financial year starting after June 1, 2023. Corporate Income Tax is a direct tax […]
Financial Records Required for CT Registration and filing returns
Do you know what documents are needed for CT Registration and filing returns in the UAE? Before we talk about the paperwork, it’s important to first understand what CT Registration and filing returns means. On January 31, 2022, the UAE Government announced that corporate tax would be applied to business profits. This tax started for […]
Accounting Services for Construction Companies in Dubai
Construction Companies in Dubai: The construction companies in Dubai are growing, fueled by the city’s fast paced progress, with ambitious projects, and global infrastructure initiatives. From luxury real estate developments to massive commercial ventures, construction companies in Dubai are always on demand. Hence, as the demands for construction business grows, managing finances, tracking expenses, tax […]
Accounting Services for Logistics in Dubai
Serving as a hub trade and transportation, logistics industry in Dubai plays an important role to UAE’s economy. Accounting Services for Logistics in Dubai Having a solid accounting services by hiring a professional accounting partner, is crucial for logistics businesses to stay compliant, updated to UAE tax regulations, optimized costs and make informed decision. Here’s […]
Bookkeeping Services For Real Estate in Dubai
Bookkeeping services for real estate in Dubai are important to navigate accurate financial records thru complexities with being compliant with local regulations. It’s very essential for property owner, real estate agent, or property management company to seek professional bookkeeping assistance to streamline its business operations and Mubarak Alketbi Chartered Accountants can provide you with that. […]
How to Register for Corporate Tax in UAE – A Step-by-Step Visual Guide
According to Federal Decree Law 47 from the Federal Tax Authority (FTA), all businesses must get a Corporate Tax Registration Number. This rule also applies to businesses in Free Zones. Exempted Persons must also register. Businesses must send their tax returns and pay any taxes within nine months after the end of their tax period. […]
Corporate Tax UAE A Complete Guide for Businesses
Corporate Tax is a form of tax applied on businesses (applicable requirements are discussed in this article) on the net profits a business gain. On 31 January 2022, the tax landscape of the UAE shifted when the UAE Government put the Corporate Tax practices implemented in the business world of UAE. This article will discuss: […]
Corporate Tax Filing Mistakes to Avoid in the UAE
The Corporate Tax for Businesses Law (Federal Decree-Law No. 47 of 2022) is a recent law established in the UAE on the business landscape. Most businesses (especially new ones) don’t understand it well, and so make mistakes when filing for Corporate Tax. This article will discuss the most common mistakes businesses make, and how to […]
Accounting and Bookkeeping Services for SMEs in Dubai
Having a SME in Dubai comes with growth opportunities and challenges. One of the key activities is effective financial management. Effective accounting and bookkeeping are vital for business. Why Accounting and Bookkeeping Are Crucial for SMEs in Dubai Dubai, as a global business hub, offers tremendous growth opportunities for SMEs, but its financial landscape can be complex. Here’s why accounting and bookkeeping are necessary: Primary Accounting and Bookkeeping Services for SMEs in Dubai Benefits […]
