Blogs

What does one mean by a Certificate of Refund Entitlement?

by jaxaadmin 27, May 2020

What does one mean by a Certificate of Refund Entitlement?

Value Added Tax or VAT is one of the latest addition to the taxes which will be applicable to the entities in the UAE.

Outsourcing Accounting Services Post Coronavirus

by jaxaadmin 26, May 2020

Outsourcing Accounting Services Post Coronavirus

The propagation of coronavirus around the world is affecting the economy and general business climate.

Importance Of JAFZA Approved Auditors In Accounting Process

by jaxaadmin 25, May 2020

Importance Of JAFZA Approved Auditors In Accounting Process

Auditing is one of the most important factors in realising if the business is profitable or if there is some ambiguity in the accounts. That is why to set up a company which gives you profits, it's important to have trustworthy auditors.

RAKEZ approved auditors and how they can help your company

by jaxaadmin 22, May 2020

RAKEZ approved auditors and how they can help your company

An auditor is an individual who cross-checks the data of business transactions of a company which is prepared in the first instance by the accountant of the company. The auditor then prepares a report which lays down the level of precision of the financial statements presented to him.

All you need to know about VAT in UAE

by jaxaadmin 21, May 2020

All you need to know about VAT in UAE

The tax system in the UAE has witnessed a considerable change in recent years.

Accounting in RAK Maritime City

by jaxaadmin 20, May 2020

Accounting in RAK Maritime City

The emirate of Ras Al Khaimah, better known as RAK, is considered as a hidden gem of the United Arab Emirates. It comprises of all the topographies such the desert, mountains, beaches etc. which makes it a very suitable place for everyone.

Guide for a Small Business Affected by COVID-19 Outbreak

by jaxaadmin 19, May 2020

Guide for a Small Business Affected by COVID-19 Outbreak

During an outbreak of infectious diseases, such as the ongoing COVID-19 outbreak, small business owners must be ready to handle the uncertainty in their business, as well as be prepared to protect the health and safety of their employees.

How Can You Prepare For VAT In UAE?

by jaxaadmin 18, May 2020

How Can You Prepare For VAT In UAE?

Everyone knows that the United Arab Emirates has an extremely rich reserve of oil and gas and has a very flourishing hydrocarbon industry. Other than Dubai, UAE is heavily dependent on the oil and gas sector.

UAE has no Plans to Increase VAT

by jaxaadmin 15, May 2020

UAE has no Plans to Increase VAT

The COVID-19 pandemic wreaked havoc all over the world by itself, but now the after-effects of the virus are gradually getting visible. It is anticipated that the whole world will plunge into a global recession.

How Accounting Services can help The UAE Transportation Industry

by jaxaadmin 14, May 2020

How Accounting Services can help The UAE Transportation Industry

Accounting service is a worldwide service that plays a vital role in every industry. Overall accounting can be categorized as a comprehensive and systematic way of analyzing, summarizing and preparing reports based on the transaction, taxation, and regulations.

Everything you Need to Know About Excise Tax Law in the UAE

by jaxaadmin 13, May 2020

Everything you Need to Know About Excise Tax Law in the UAE

Excise tax is a type of indirect tax that applies to specific goods like tobacco products, caffeinated drinks and also on sugary drinks. Such goods are generally harmful to human health and also to the surrounding environment.

9 Reasons Why You Need Regulatory Compliance

by jaxaadmin 12, May 2020

9 Reasons Why You Need Regulatory Compliance

Regulatory compliance is the adherence that an organization has towards the laws, rules, policies and regulations in order to aspire and ensure that the organization is aware and follows what the Jurisdiction says at their place of business.

ESR regulations in DMCC- Background to the Regulations

by jaxaadmin 11, May 2020

ESR regulations in DMCC- Background to the Regulations

On the 30th of April 2019, the UAE enacted the Economic Substance Regulation (ESR) by introducing the Cabinet Decision No. 31. According to this decision, economic substance requirements for the businesses which were carrying out “Relevant Business Activities” were provided.

Importance of Audit in SAIF ZONE

by jaxaadmin 08, May 2020

Importance of Audit in SAIF ZONE

The United Arab Emirates comprises of many free zones which provide numerous advantages and benefits to the upcoming businessmen and entrepreneurs. These free zones act as a springboard for the budding companies and provide various benefits to the companies.

How Accounting can help a Company in DSO FZ

by jaxaadmin 07, May 2020

How Accounting can help a Company in DSO FZ

The presence of various free zones in the United Arab Emirates along with various other essential factors such as proximity to markets, smooth transportation of goods and raw materials, stable government and a very cooperative business environment is a significant factor due to which the companie

COVID-19 Impacted Your Business Too: Steps to Take Now!

by jaxaadmin 06, May 2020

COVID-19 Impacted Your Business Too: Steps to Take Now!

During the COVID-19 crisis and oil price slump, the UAE are spending tens of billions on supporting their economies, but the scaling back of state projects is counteracting the impact. Due to the downfall of the world economy and global travel disturbances and the lockdown of most public ven