As business and tax systems and regulations rapidly evolve in the UAE, businesses must understand the requirements for VAT deregistration or VAT cancellation. VAT deregistration is required if a company does not meet the VAT registration requirements in the UAE and candel its Tax Registration Number (TRN) with the UAE’s Federal Tax Authority through deregistration […]
The UAE Federal Tax Authority have announced a penalty waiver for late corporate tax registration. Corporate taxpayers in the UAE who failed to register corporate tax on time will benefit from this penalty waiver as part of ongoing efforts to strengthen tax compliance. Many businesses in UAE which missed the registration deadline faced a hefty […]
In today’s complex business environment, Corporate tax return filing and VAT filing are not just ticking boxes – they involve one of the legal requirements for the business in the UAE. But staying on top of tax filing requirements can feel daunting without the expertise of a seasoned professional, as the filing process may involve […]
Every business operating in the UAE, or considering a UAE entry, needs to be familiar with the rapid changes in the increasingly dynamic tax landscape in the UAE to be compliant and ensure seamless transition. Businesses have huge challenges in compliance and financial planning matters due to UAE corporate tax regulations, enhancing the role of […]
The United Arab Emirates (UAE) has opened a new chapter in its tax strategy with the addition of a corporate tax and VAT. The implementation of corporate tax and VAT in the UAE represents an important change in the financial landscape, creating new challenges and opportunities for Small and medium enterprises (SME). At Jaxa Chartered […]
In the dynamic commercial environment of the UAE, Dubai has established itself as a global business magnet, attracting companies from various sectors. As businesses grow and expand, the demand for financial transparency and integrity in the UAE increases. This is where auditors become pivotal, serving as the centerpiece in ensuring organizations comply with regulations and […]
VAT return filing is an important requirement for a business in Abu Dhabi, UAE, to maintain compliance and mitigate penalties. The UAE Federal Tax Authority announced Decision No. 8 of 2024 in November, effectively implemented on January 1st, 2025, and outlines the new mechanism for addressing errors and omissions in VAT return filing in Abu […]
As one of the fastest-growing economies in the region, the United Arab Emirates continues to be a global business destination for non-resident entrepreneurs, offering a solid platform for expansion and success. The country is widely known as a global leader and a tax-friendly nation. As per Federal Decree-Law No. 47 of 2022, the UAE introduced […]
In an increasingly dynamic market, businesses in the UAE are facing new layers of financial, operational, and regulatory risks. Strategically managing these risks is essential for business longevity and operational efficiency. While businesses in the UAE strive to mitigate these challenges, unseen gaps can lead to unexpected risks. Strong internal audit controls are key to […]
Value Added Tax (VAT) compliance is a key aspect of carrying out a business to maintain a smooth financial operation. VAT compliance in the UAE is more than just filing the return- it requires accurate record-keeping and documentation. Maintaining accurate record keeping and documentation helps businesses to comply with the UAE Federal Tax Authority but […]
