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 […]

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 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. […]

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 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: […]

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 […]

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 […]

Accounting and Bookkeeping Firms in Dubai Dubai, a global hub for businesses especially with redefine and innovation has become a magnet for businesses from around the world. With its strategic location, tax-free zones, and business-friendly regulations, the city offers unwavering opportunities for both entrepreneurs and businesses. However, navigating the financial complexities of running a business […]

The UAE introduced corporate tax on business profits starting June 1, 2023, with standard rate of 9 %/ To endure compliance, businesses must follow these steps when preparing for corporate tax filing: Corporate Tax Filing for VAT Registered or NOT Businesses in the UAE Corporate Tax Filing for Out-of-scope Businesses: In the UAE, out-of-scope business […]

The following individuals or entities are not required to register for Corporate Tax with the Authority: How MAKCA can help? By appointing Certified Tax Agent helps determine if your business qualifies for an exemption from UAE Corporate Tax registration by assessing your activities, income sources, and compliance with tax laws. They evaluate whether you fall […]

WHAT IS TAX RESIDENCY CERTIFICATE? In the UAE, the Tax Residency Certificate is an official document issued by the Ministry of Finance. The country has entered into tax treaties with 55 nations to prevent double taxation. This certificate serves as confirmation that an individual or company is a resident of a specific country, allowing them […]

Under the UAE Corporate Tax Law, Taxable Income is determined starting from the Accounting Income which is the net profit or loss for the relevant period based on IFRS, IFRS for SMEs, or the Cash Basis of Accounting. Adjustments are then made to calculate the Taxable Income for Corporate Tax Purposes. Taxable profits refer to […]