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A Simplified Guide to Tax Groups

A Simplified Guide to Tax Groups 

Introduction to Tax Groups The Corporate Tax Law has introduced Tax Groups as a framework allowing corporations to streamline their tax processes. This guide is designed to provide a straightforward overview of what Tax Groups are, their benefits, and how…

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Eligibility Criteria Tax Residency Certificate

Eligibility Criteria: Tax Residency Certificate

Managing successful companies in more than one country! Not only does this significantly increase the complexity of operations, but it also requires you to maintain compliance with more rules and guidelines. Furthermore, managing the taxation laws and guidelines of both…

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UAE's Accounting Trends in 2021 That You Should be Aware Of

Fundamental Concepts in Accounting

Financial statements are prepared in accordance with established guidelines. Understanding the objectives of financial reporting is helpful in understanding these guidelines. As discussed in the Financial Accounting Standards Board (FASB) Statement of Financial Accounting Concepts No. 1, the objectives of…

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Corporate Tax Dubai corporate tax system in dubai

United Arab Emirates will Levy a 9% Corporate Tax.

The United Arab Emirates will impose a 9% corporate tax beginning next year. The United Arab Emirates has become a popular destination for multinational corporations due to its tax-free status. It has, however, drawn international attention due to its lack…

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Tax Residency Certificate

Self Employment Tax vs Corporate Tax

For small business owners, the intricacy of taxation can be almost too much to bear at times. The complexity of employee taxes is the part that causes the most confusion. We shall attempt to debunk one of these fallacies in…

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Corporate Tax UAE

Know About Corporate Tax On Business Profits

The Ministry of Finance (MOF) of the United Arab Emirates (UAE) has said that a federal company tax will be put in place all over the country. (dubbed the “UAE Corporate Tax”). For the purposes of this definition, a “Corporate…

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Importance of corporate tax | Why Digitizing Accounting is More Important Than Ever

Importance of corporate tax

Importance of Corporate tax: The filing of returns and payment of taxes on a federal and state level is required of every company, including the state in which it was founded and any other state in which it does business,…

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