2025 - Page 2 of 3 - Creative Tax & Accounting

18 Apr 25

E-invoicing & Continuous Transaction Controls (CTCs)

The UAE is committed to going all in for a paperless economy or digital economy, however, in a way that is compliant too. One of the initiatives in this regard is the electronic or e-invoicing program. The new system will be applicable from 2026. It is an arrangement that allows…

13 Apr 25

VAT and Corporate Tax Interplay in the UAE

In January 2018, the UAE introduced value-added tax (VAT) at a standard rate of 5% on taxable supplies. After nearly five and a half years, from June 2023, businesses are liable for corporate tax (CT) too, with a 9% standard rate. For businesses, these are two different sets of tax…

24 Mar 25

Corporate Tax in Mainland Vs Freezone in the UAE

The introduction of corporate tax in the UAE divides the region into two parts concerning tax obligations. These are segregated into mainland and free zone areas. Depending on the nature of the business, an entity might register in either the UAE mainland or a free zone area. However, there are…

Tax Residency Status & UAE Corporate Tax Obligations

13 Mar 25

Tax Residency & UAE Corporate Tax Obligations

In the tax landscape, we often refer to the specific resident status of a company. Why is it so? The primary reason is that businesses might have different taxation rules depending on their resident status. The point of reference is, therefore, the relevant tax laws. In the UAE, the primary…

Why Hire a Virtual Finance Profesional for your Business?

07 Mar 25

Why Hire a Virtual Finance Professional for your Business?

The post-COVID era has transformed the way businesses operate, unlocking massive potential in hybrid and remote work models. Even in the world’s most developed economies, office spaces sit empty as companies shift to more flexible work environments. Among the industries experiencing this shift, finance stands out as a sector where…

21 Feb 25

De Minimis Requirement in UAE Corporate Tax

A free zone entity can achieve a 0% corporate tax rate if it becomes a qualifying free zone person. To become a qualifying free zone person, there are certain conditions to meet. One of those conditions is to satisfy the de minimis requirement. Yes, at first it is a bit…

14 Feb 25

Common Tax Pitfalls in the UAE and How to Avoid Them

There are instances when a business or a taxable person commits mistakes that may result in a penalty. On the other hand, a taxable person may be unaware or simply forget to claim a tax relief that might have resulted in a lower tax liability. Both these cases are not…

07 Feb 25

Top 5 Audit Trends and Key Priorities in 2025

In the business world, the word audit can sometimes be a worry for certain individuals. This is mainly in the case of a year-end external audit. It requires effort not only from the auditor but also from the relevant personnel of the respective organization. For instance, accountants are one of…

31 Jan 25

Top Accounting Trends for UAE Businesses in 2025

Over time, there is a change in how we perform tasks. With the so-called modernization, every business process is going digital or automated. Especially in the UAE, the government aims for a paperless economy; therefore, businesses must ensure that they align with the changing environment. Regarding accounting, the older way…

24 Jan 25

Year-End Accounting Checklist for UAE Businesses in 2025

As the year draws to a close, businesses gear up for one of the most crucial periods of the accounting cycle: the year-end. To ensure a smooth and compliant transition into the next financial year, here is a practical and actionable checklist tailored for UAE businesses in 2025. 1. Reconcile…

Year: 2025