Understanding Corporate Tax Accounting Standards in UAE: A Guide for Businesses The roll out of corporate tax regulations in the UAE represents a transformative shift in the UAE’s financial landscape. As part of the corporate tax requirement, businesses are now…
How To Prepare For Your Annual Audit? Best Practices For UAE Businesses As most of the businesses in UAE approach the end of the fiscal year, it is crucial to prepare for the annual/yearly audit. This is the right time…
A feasibility study is a cornerstone of strategic planning for any business venture in Dubai, a global hub renowned for its rapid economic growth and ambitious Vision 2040. In 2025, with Dubai’s focus on sustainability, technology, and tourism, a well-executed…
Establishing an offshore company has become an increasingly popular strategy for businesses and individuals seeking to optimize their financial and operational structures. By setting up a company in a jurisdiction outside of one’s home country, often in a low-tax or…
Frequently Asked Questions (FAQs) About ICV Certification In UAE Securing an ICV certificate in UAE brings long-term growth for businesses and it’s crucial to stay competitive in the evolving business landscape. We have answered the most commonly asked questions in…
General Interest Deduction Limitation Rule in the UAE Corporate Tax: All You Need To Know The UAE Ministry Of Finance issued Ministerial Decision No. 126 of 2023 on 30 May 2023, in relation to the General Interest Deduction Limitation Rule…
As Crypto Mining becomes increasingly popular, the attention to the tax treatment on CryptoCurrency Mining is essential. Businesses and individuals in UAE involved in the crypto mining activities have concerns regarding the VAT application on such activities. To rectify this…
On 6th February 2025, the UAE Ministry of Finance (MoF) published a public consultation paper on eInvoicing which includes the proposed UAE e-Invoicing data dictionary. This public consultation aims to gather feedback from all stakeholders on eInvoicing, promote transparency and…
The Public Company Accounting Oversight Board (PCAOB) recently proposed new updates requiring auditing firms to provide specific information regarding their audit practices on an engagement and firm level, expanding the public reporting. Audit Firms that work with accelerated filers and …
Corporate Tax Return Filing in UAE If you’re running a business in the UAE, it is mandatory to file for Corporate Tax Return to comply with the tax regulations and avoid penalties. The Federal Tax Authority issues the timeframe for…