Economic substance is a percept in the UAE’s tax framework, introduced in the UAE from January 1st, 2019, that applies to all businesses, including onshore companies, free zone companies, non-partnership companies, and partnership firms. According to Article 4 of Economic…

The Federal Tax Authority UAE does not charge income tax on individuals. This is ideal for freelancers and self-employed individuals in the UAE. The branches of the foreign banks are taxed 20% in most of the UAE. The capital gains…

Businessmen who have a minimum annual income of Dh 375000 have the mandate to register for VAT in about 30 days. All the required documents and the declaration form must be filed properly. The documents include the import and export…

The primary purpose of Dubai audit firms is to assess the economic wellness of a firm. It is necessary because a firm’s economic well-being directly reflects on the total economy of a country. Auditors in Dubai ensure the accuracy of…

Economic substance is a percept in the UAE’s tax framework, introduced in the UAE from January 1st, 2019. It applies to all businesses, including onshore companies, free zone companies, non-partnership companies, and partnership firms. The primary purpose of an ESR…

Value-added tax or VAT is the current tax regime for every type of business and entity in the UAE.  The introduction of the regime was on January  1st, 2018, to bring order to the tax system of UAE’s businesses and…

As a company in the UAE, you would be aware of the law that requires all businesses to maintain a book of records for a minimum period of five years. Therefore, by reaching out to one of the certified accounting…

The UAE audit law requires almost every company, including free zone companies, branches of foreign companies, and free zone establishments, to maintain a book of accounts and conduct audits periodically. However, some businesses like SMEs and some types of free…

ESR in UAE is a percept in the UAE’s tax framework, introduced from January 1st, 2019, that applies to all businesses, including onshore companies, free zone companies, non-partnership companies, and partnership firms. Every licensee must comply with the Economic Substance…

  VAT stands for Value Added Tax. When it comes to goods and services tax, VAT plays a major role. About 180 countries imply VAT in their countries. Every business needs to register for VAT. if you haven’t registered yet,…

It may seem simple to oversee all of the business’s operations, but it is difficult. Outsourcing accounting refers to the process of engaging a third-party accountant to manage all of the company’s accounts. Simply put, it is a third-party service…

Chartered Accountants in Dubai: For a successful company, the basic pillar is its financial structure and standards. Proper guidance of professional experts helps the company to stay balanced. They are the Chartered Accountants. Chartered Accountants take complete care of the…