Category: Tax Services

Corporate Tax in UAE The authorities in UAE have announced the introduction of corporate tax from 1st June,23. Corporate tax is a form of direct tax levied on the net income or profit of corporations and other business entities. The objective of...

What is Corporate Tax in UAE? Corporate tax in UAE also referred to as “Corporate Income Tax” or “Business Profits Tax” is a form of direct tax levied on the net income or profits of corporations and other entities derived...

The United Arab Emirates (UAE) has reasserted that the country is evolving as a leading global hub for business and investment. In pursuit of this, the country is embarking on a mission to make transformative changes that will cement its...

Companies and financial institutions operating in the UAE should be aware of anti-money laundering. Money laundering and terror financing can result in companies facing strict legal action under the relevant UAE law. Illegal money movements usually happen through phishing, online...

UAE is known as the Gateway to the Middle East region and the Arab world for businesses worldwide. Due to the favorable geographic location and the stable governance offered by the UAE, many companies look forward to establishing and growing...

The time has come to relook into your inward policy and cycle followed for input VAT recovery. The public explanation delivered by the Federal Tax Authority changes the recognition towards the Input VAT recovery taxpayers have accepted in the course...

The whole fiasco of the Covid-19 pandemic is out of the control of Governments, International organisations and companies worldwide. The pandemic has caused severe health and economic crisis, pushing millions of people back into poverty. The after-effects of the pandemic...

Businesses around the world favour those jurisdictions which provide a conducive ecosystem to sustain and achieve business growth. Welcoming foreign companies to invest and grow is mutually beneficial to both companies and countries. A fair and transparent business ecosystem with...

Businesses around the world require a standardized system to make and record day-to-day transactions. The transaction records play a crucial role while dealing with third-party transactions, various government bodies, accounting and audit departments. In addition, the records are used to...

Economic Substance Regulations or ESR is one of the latest addition to the roster of regulations that the companies in the United Arab Emirates need to follow. According to the regulations, the 30th of June was the last deadline if...