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Taxation & VAT

VAT Registration Mandatory in the UAE

When Value Added Tax (VAT) Registration is Mandatory in the UAE

Being one of the most desirable business destinations for entrepreneurs, the UAE introduced VAT in January 2018. Recognised as a tax-free country globally, the rate of VAT is, however, 5 percent which does not burn a big hole in the business owners’ pocket. As VAT provides source of income to the government, it reduces the

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A Guide for Businesses for the VAT Registration in UAE

A Guide for Businesses for the VAT Registration in UAE

The Value Added Tax (VAT) was introduced in the UAE on 1st January 2018 in a move to diversify the country’s economy by bringing forth new sources of revenue. Since its implementation, VAT has acted as a catalyst for economic stability by becoming an integral component of UAE’s taxation framework. In tandem, VAT registration has

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How to Calculate Taxable Income for Financial Statements

How to Calculate Taxable Income by Making Corporate Tax Adjustments to Financial Statements?

As you may be aware, the UAE government has introduced the federal corporate tax law which has been in effect since 1st June 2023 has made a significant impact on the financial years of every business. Since corporate tax in the UAE follows the best global guidelines and standards issued by the Organisation of Cooperation

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Corporate Tax Deregistration in UAE - A&A Associate

Corporate Tax Deregistration in UAE

Achieving desired outcomes requires more than just maintaining a reasonable level of productivity. Every successful firm needs a well-thought-out productivity plan that maximizes resources and implements effective methods within their teams. This strategic approach not only drives financial expansion but also ensures a self-sustaining business model. The journey to resource optimization raises questions about the

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corporate tax returns for small businesses

Simplified Return For The Business Opting Small Business Relief Under Corporate Tax Law

In a move to empower small businesses, UAE launched the Small Business Relief as a note-worthy provision under its new corporate tax regime. Having been designed to simplify the implementation of the corporate tax framework for small businesses, it empowers every tax consultant in UAE in alleviating the burden of calculating and paying corporate tax,

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documents required for corporate tax registration in the UAE

Documents Requirements For Accounting in the UAE For Corporate Tax Registration

Within UAE’s newly launched corporate tax framework, all taxable persons are expected to prepare and maintain their financial statements to ensure compliance with the country’s strict laws. Besides this, maintenance of all the essential documents is instrumental in helping ascertain the right taxable income and also comes in handy during the process of corporate tax

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