Management Consultancy
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…
Accounting Reconciliation Services in the UAE Nearly all businesses (large or small, corporate or societal) in UAE require Accounting Reconciliation Services. But why is that? In this article, we will discuss the use of accounting reconciliation services, as well as: What is Accounting Reconciliation? Accounting Reconciliation is the process of reconciling accounting records between two…
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…
In January 2022, Ministry of Finance announced that it will introduce federal corporate tax (CT) on the net profits of businesses. Businesses will become subject to UAE Corporate Tax from the beginning of their first financial year that starts on or after 1 June 2023.CT will be applied across all emirates. Why is the UAE…
Do you want to know how external audits will improve the financial transparency of your business? In the UAE, external auditing is essential to ensure compliance and identify areas for improvement. These services provide an independent review of financial statements and give valuable insights to stakeholders. External Auditing Services UAE For businesses, external auditing services UAE is…
The following is a brief introduction to the topic: Are you aware of how important Tax Audit services in Dubai, UAE are for individuals and businesses? Tax audits are important to ensure that local tax laws are followed and to avoid legal issues. Understanding tax accounting services and VAT regulations in Dubai can help you improve your…
Looking for expert advice to help you take your business in the UAE to the next stage? Business advisory services can help you navigate the UAE’s complex business landscape, make informed decisions and optimize your operations. These services are a game changer for the growth of your business, whether you need financial, legal, or investment guidance. Business…
Looking for guidance regarding the Corporate Tax Registration Process? It is important for UAE businesses to understand the steps involved with corporate tax registration. This article provides you with the necessary information and guidance you need to guide you through the Corporate tax registration process & guidance. Corporate Tax Registration Process & Guidance The Registration Process To…
How to register for corporate tax The Basic Steps of Corporate Tax Registration Businesses must determine whether they have a revenue threshold above AED 375,000 before registering for corporate tax. The business must then submit all the necessary documents including financial statements and details of the business. Businesses will receive a Tax Registration Number (TRN), and can…
Do you want to register your offshore company for corporate tax in the UAE? To meet the UAE’s tax requirements, offshore companies must register. This article will walk you through the steps and criteria required for corporate tax registration in the UAE for offshore companies. Corporate Tax Registration for Offshore Companies in UAE How Corporate Tax Affects…
Do you have questions about how the corporate tax registration process in UAE applies to foreign branches? For foreign companies who want to expand into the UAE, they need to know the tax registration procedure. This article describes the steps and requirements to register for corporate tax in the UAE for foreign branches. Corporate Tax Registration for…
What is Corporate Tax Registration UAE Emaratax Emaratax is an online platform that simplifies the tax registration process for businesses. Emaratax simplifies tax registration for businesses through its online platform, Corporate tax registration UAE. It ensures that businesses comply with UAE corporate tax laws, and they can complete the registration online. Corporate Tax Registration UAE Emaratax Emaratax…
Charges for Corporate Tax Registration in UAE What are the main charges for corporate tax registration in the UAE Before registering, businesses should be aware of the charges associated with corporate tax registration. The charges are different depending on your company’s structure. For example, if you operate in a free zone or the mainland. The UAE government…
What is a Dubai operational audit? This is a thorough evaluation of the company’s operation, with a focus on efficiency, effectiveness and compliance. Operational audits can help companies identify areas in which they can reduce costs, improve performance and comply with local standards. Operational Audit Purpose Why Conduct an Operational Audit? An operational audit’s primary goal is…
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