2023 - Page 2 of 4 - Creative Tax & Accounting

22 Sep 23

Green Accounting: An Introduction

Green accounting is a modern-day concept in the field of accounting. This blog discusses and provides an introduction to the topic.

15 Sep 23

Understanding Recent UAE Corporate Tax Updates

Unlock the latest UAE corporate tax updates. Learn about accounting standards, penalties, and tax rates. Stay compliant and thrive in the UAE business landscape.

13 Sep 23

Basic Accounting Guidelines for Startups: 7 Tips

Starting a new business? Don't worry about the accounting. This blog provides basic accounting guidelines for startups.

31 Aug 23

E-commerce Accounting in the UAE: A Guide

The UAE is an attractive home for countless e-commerce businesses. There has been rapid growth in the e-commerce sector in the last few years. With the thriving digital economy and rising tech-savvy population, there is a need for proper accounting to ensure compliance. Proper accounting will also lead to the…

25 Aug 23

Exploring Cloud Accounting: Advantages & Potential Risks

Cloud accounting is a modern approach to accounting. This blog discusses key benefits and risks of cloud accounting.

17 Aug 23

Corporate Tax for Partnerships in The UAE

The new corporate tax (CT) regime in the UAE is applicable from June 1, 2023. The main highlight is that businesses are now taxable for their profits. The standard CT rate is 9%; however, profits of up to AED 375,000 are taxable at a 0% rate. Resultantly, the standard rate…

04 Aug 23

Tax Evasion and Tax Avoidance: Key Differences

Tax evasion and tax avoidance are two concepts widely used in taxation. Businesses or even individuals can save their tax liabilities through various techniques that are either tax evasion or tax avoidance. Even though these involve saving tax liabilities, there is a massive difference in terms of legality and ethical…

28 Jul 23

Interest Deduction Limitation Rule in UAE Corporate Tax

What is a Tax Deduction or Deductible Expenditure? A tax deduction (or deductible expenditure) is an allowable expense that a business can claim to reduce its overall tax liability. These expenses reduce the income that is subject to taxation and thus decrease the overall tax liability of the business. These…

25 Jul 23

When Shall You Deregister for VAT in the UAE?

The UAE introduced VAT on January 1, 2018, with the standard rate set at 5%. A business must register for VAT if its taxable supplies and imports exceed AED 375,000 in a year. However, a business can also register for VAT on a voluntary basis. In this case, the taxable…

13 Jul 23

Tax Losses in Corporate Tax: Key Factors in the UAE

The UAE is implementing the corporate tax on June 1, 2023. In order to remain attractive for businesses, the UAE has set the standard rate of corporate tax at 9%. However, this 9% rate only applies to businesses that have taxable profits of over AED 375,000. Businesses with taxable profits…

Year: 2023