Corporate Tax Free Zone in UAE | Expert Advice
Corporate tax in the UAE has reshaped how Free Zone businesses operate. Starting from June 2023, Free Zone companies must understand how corporate tax applies to them. The Federal Tax Authority (FTA) and the Ministry of Finance (MoF) introduced a system where some Free Zone businesses will pay 0% tax on qualifying income and 9% […]
Exploring Corporate Tax Losses | The Impact and Insights
Corporate tax loss happens when a company’s allowable business expenses exceed its taxable income in a particular financial year. When this situation occurs, the business experiences a negative taxable income. The UAE’s corporate tax framework provides clear rules for how these losses can be carried forward or used to reduce future taxable profits. Businesses operating […]
Exempted Individuals or Companies for Corporate Tax in UAE
Corporate tax is the levy imposed on a company’s profit by the government. Yet, not every business must pay it. Corporate tax exemption is a legal relief that allows qualified firms or individuals to reduce or eliminate their taxes under specific conditions. These exemptions are vital tools for stimulating investment, encouraging innovation, and maintaining economic […]
Understanding Corporate Tax Losses in UAE – Explained by Mubarak Al Ketbi (MAK) Auditing
The introduction of corporate tax in the UAE has created new financial planning challenges and opportunities for businesses. One such important concept is corporate tax losses, which occur when a company’s expenses exceed its taxable income during a financial year. Understanding these tax losses is essential for effective financial management. Corporate tax losses are not […]
An Overview of UAE Corporate Tax Group Formation
The United Arab Emirates (UAE) introduced a new Corporate Tax (CT) system on June 1, 2023, under Federal Decree-Law No. 47 of 2022. This law reshaped the financial landscape and gave rise to a strategic opportunity for companies — the Corporate Tax Group. The idea behind forming a tax group is simple yet powerful. It […]
UAE Corporate Tax Audit Guide | MAK Auditing 🥇
The Ministry of Finance (MoF) of the United Arab Emirates introduced a new Corporate Tax (CT) system that started on June 1, 2023. This change helped align the UAE with global taxation standards and promoted transparency across all business sectors. The new tax structure makes it easier for companies to follow financial rules while still […]
Internal Control Procedure Services in Dubai | Bank Reconciliation
Bank Reconciliation Process Flow Chart Bank reconciliation process flow chart shows every step in checking your bank records. Owners in Dubai use these charts to match company books with bank statements. Why Use a Bank Reconciliation Flow Chart? Steps in the Bank Reconciliation Process Table: Bank Reconciliation Steps Step What to Do Collect Data Gather […]
Corporate Finance & Restructuring Services in Dubai
Financial Restructuring Company A financial restructuring company helps businesses change the way they manage money and debts. Many Dubai companies need this support to survive tough markets. What Does a Financial Restructuring Company Do? Why Hire a Financial Restructuring Company? Table: Steps in Financial Restructuring Step Action Taken Review Debts Study all existing loans Make […]
Strategy Management Consulting Services in Dubai | Consultant Strategy
Consultant Strategy Consultant strategy is the process when experts give ideas to improve your business direction. Companies in Dubai hire consultants to find better ways to solve problems and reach goals. What Do Strategy Consultants Do? Why Use a Consultant Strategy? You’ll get new ideas that save time and money. Consultants know many industries and […]
External Audit Services in Dubai | External Audit Outsourcing
External Audit Outsourcing External audit outsourcing means a business hires an outside expert to check their accounts. Many Dubai companies use this to save time and money. Why Do Companies Outsource External Audits? Steps in External Audit Outsourcing Table: External Audit Outsourcing Steps Step What Happens Choose Firm Select audit experts Share Records Give all […]
