by jaxaadmin 19, Apr 2019
Insolvency can quickly and quietly sneak up to a business, and by the time you realise it, it might be too late. A company is considered insolvent when it is unable to fulfil its financial liabilities and has debts that exceed the combined value of all its assets.
by jaxaadmin 12, Apr 2019
The introduction of VAT has been relatively recent, but the impact of VAT in UAE is enormous. The VAT implementation was done at a standard rate of 5% (except certain items which are taxed at 0% or are exempted under VAT) from 1st January 2018.
by jaxaadmin 10, Apr 2019
With the recent application of VAT in UAE, tax groups seem to be a very advantageous option for all businessmen and entrepreneur. It would provide a group of companies the benefit of being considered as a single entity.
by jaxaadmin 05, Apr 2019
In recent years, there has been much turmoil in the business landscape. The increasing globalisation, free movement of people, easy communication and the technological advancements have helped change the business environment for the better.
by jaxaadmin 03, Apr 2019
The VAT is the latest addition to the taxes in the UAE. It has been implemented from 1stJanuary 2018. In the present state, it is of paramount importance that a company is registered for VAT in UAE so that it can charge VAT to customers.
by jaxaadmin 01, Apr 2019
The Value Added Tax was implemented with a rate of 5% in UAE from 1 January 2018 with an idea to bring in a new source of revenue.
by jaxaadmin 27, Mar 2019
Taxes are significant for a country. The revenue from taxes is a continues source of funds which are utilised in the growth and development of the country. Thus, a country needs to periodically conduct a tax audit for the various businesses in the business environment.
by jaxaadmin 22, Mar 2019
The growth of business also means growth in the number of employees, and as the count of the employees’ increases so does the complexity of managing the precision and the timeliness of payroll.
by jaxaadmin 18, Mar 2019
The United Arab Emirates is gradually transforming into a very attractive location for budding entrepreneurs and businesspeople to set up their business. The various benefits such as quick and easy business formation, tax-free regulations, business-friendly environment, etc.
by jaxaadmin 15, Mar 2019
The foremost purpose of a business is to maximize the profits for its shareholders’ while fulfilling its corporate social responsibility. In the long run, it is possible that these profits start to reduce and the company requires a complete review of its overall workings.