Business Archives - Page 4 of 6 - Creative Tax & Accounting

28 Jun 22

UAE VAT For Freelancers

The UAE has had VAT for four years, and businesses are settling in well to the VAT regime. Taking into consideration the size and expertise of the businesses, they understand the rules and have been able to adapt to the changes. There are, however, some challenges that freelancers and self-employed…

15 Jun 22

Corporate Taxation In The UAE – Who Is Subject To UAE Corporate Tax?

Historically, the UAE has been home to plenty of businesses that have been subject to zero income taxes. With the announcement of federal corporate tax (CT) by the Ministry of Finance (MOF), however, this situation will change. CT will become effective for fiscal years beginning after 1 June 2023. So,…

03 Mar 22

8 Most Common VAT-Related Mistakes Made By Businesses in UAE

VAT was implemented in UAE on January 1, 2018. Since then, businesses are subject to a number of requirements under the VAT Law. Each business enrolled for VAT has an obligation to file VAT returns with the Federal Tax Authority (FTA). However, UAE businesses continue to make VAT-related mistakes and…

15 Feb 22

A welcome relief for UAE businesses: Penalty waivers and penalty installments

A new Cabinet Decree No. 105 of 2021 has been issued related to penalty waivers and penalty installments. The new cabinet decision will become effective on March 1, 2022. In accordance with this law, taxable persons can apply for installment payment or a waiver of administrative penalties in whole or…

04 Feb 22

UAE Introduces 9% Corporate Tax For Businesses From 2023

Some businesses have been drawn to the Gulf nation because of the duty-free regime. Now, a new UAE corporate tax erodes UAE’s tax-free status while Free-Zone entities will continue to receive tax incentives. However, we will see that the new Corporate Tax regime remains very attractive compared to other countries.…

31 Jan 22

3 things to consider when starting a business in UAE: Tax, Accounting & Compliance

Are you planning to start a business in the UAE? Have you already successfully launched your company? There are entrepreneurs and business owners who want to turn the risks of time, money, and effort into a vision of building a business that brings solutions for the future. But often, these…

21 Jan 22

5 top priorities for Third-Party Internal Audit

Internal audit is the assessment of the internal processes in order to enhance organizational strategy. Fair representation and material verification of information and financial reports has become increasingly important in today’s time. It does not only bring huge legal liability/cost, but companies try to avoid as much as possible potential…

11 Jan 22

UAE Accounting Explained: From Bookkeeping to Taxes

The minimum viable product should be something you are proud of when it is ready. Your pitch deck takes up your late nights. There’s a good chance that you don’t wonder, “Will my books balance?” at night. You need to find a technical cofounder or determine your cash runway before…

28 Dec 21

Reverse Charge Mechanism In UAE: How Does It Work?

The UAE VAT Law states that the person making taxable supplies, i.e. the supplier, is responsible for levying, collecting and paying tax to the government. A registered supplier must charge VAT whenever he makes a taxable supply and pay VAT to the UAE government. The forward charge mechanism refers to…

25 Nov 21

Don’t Let UAE Business Regulations Catch You Off Guard

Dubai is a hub for aspiring businessmen and entrepreneurs. The exceptional tax regime makes it a haven for people looking to operate on a level playing field. However, the UAE compliance environment often presents a tricky landscape for businesses who are not familiar with them and can get caught up…

Business

UAE VAT For Freelancers

Corporate Taxation In The UAE – Who Is Subject To UAE Corporate Tax?

8 Most Common VAT-Related Mistakes Made By Businesses in UAE

A welcome relief for UAE businesses: Penalty waivers and penalty installments

UAE Introduces 9% Corporate Tax For Businesses From 2023

3 things to consider when starting a business in UAE: Tax, Accounting & Compliance

5 top priorities for Third-Party Internal Audit

UAE Accounting Explained: From Bookkeeping to Taxes

Reverse Charge Mechanism In UAE: How Does It Work?

Don’t Let UAE Business Regulations Catch You Off Guard

Maximizing Deductions and Avoiding Penalties – UAE CT

Common Tax Pitfalls and Tips to Avoid Them

Impact of UAE Corporate Tax on Accounting Practices

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