Year: 2025

Looming Tax Return Deadline for UAE Firms

One of the prime business tax responsibilities is to file the corporate tax return timely and in compliance with laws. As the year-end approaches, UAE firms are heading towards a looming tax return deadline. The specific deadline of a business depends on its financial year. However, the general guidance is…
Read More

5 Accounting Mistakes SMEs Must Avoid

For a small or new business, some challenges go beyond operations. From compliance matters to accounting and record keeping, SMEs must prepare themselves for the changing business and regulatory environment. However, committing errors, whether knowingly or unknowingly, will result in non-compliance, cash shortages, poor decision-making, and so on. Therefore, it…
Read More

VAT Compliance for SMEs in the UAE

Just like corporate tax, value-added tax (VAT) is also an integral part of the tax collection system in the UAE. It is applicable in most of the developed economies worldwide.  However, it started on January 1st, 2018, in the UAE. For businesses, VAT is not just a tax; it is…
Read More

UAE Corporate Tax Deadline: What Happens If You Miss It?

As the year-end approaches, entities must prepare for a smooth closing of books. Closing the books is generally associated with accounting; however, it is also linked to tax preparation and filing. In the UAE, most businesses close their books on 31st December. Therefore, it is important to recall corporate tax responsibilities.…
Read More

VAT for Corporations in the UAE

Value-added tax, commonly referred to as VAT, is now an integral part of the UAE’s tax ecosystem. The UAE introduced and implemented VAT on 1 January 2018. Therefore, firms must plan and strategize to deal with their impacts, both legal and operational. Appreciatively, there are sufficient regulations and guides available…
Read More