The new corporate tax regime in the UAE highlights various aspects of managing businesses. The imposition of corporate tax doesn’t only mean calculating and paying taxes. It has impacted the very nature of managing a business. One of the key aspects of this business management evolution is maintaining financial records…
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…
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…