Compliance Archives - Creative Tax & Accounting

08 Aug 24

Corporate Tax Registration Deadlines

Corporate tax registration is one of the crucial steps for most businesses operating in the United Arab Emirates (UAE). This is mainly to ensure compliance with the ever-evolving taxation regulations in the country and so on. However, one of the key issues in this scenario for businesses is to meet…

29 Mar 24

Audit Requirements in the UAE

This blog discusses audit requirements in the UAE in the light of corporate tax law and other relevant laws and regulations.

13 Oct 23

AML Compliance for Jewelers in the UAE

AML compliance is crucial for every financial institution and DNFBP in the UAE. This blog discusses AML compliance for Jewelers in the UAE.

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…

22 Jun 23

Understanding Corporate Tax in the UAE: Your FAQs

Understanding Corporate Tax in the UAE: Your FAQs Answered 1. What is corporate tax, in simple words? In simple words, “corporate tax” refers to a type of tax that applies to the profits of companies or corporations. It is a tax that a business pays on its income after deducting…

26 May 23

Group and Restructuring Reliefs in the UAE Corporate Tax

From June 1, 2023, the UAE is going to introduce corporate tax. Under the current guidelines, businesses that earn taxable profits of over AED 375,000 will pay 9% corporate tax. However, businesses with annual taxable income of less than AED 375,000 will have 0% corporate tax. In order to become…

05 May 23

Impact of Corporate Tax on SMEs in the UAE

A corporate tax is a tax that is applicable to the taxable profits of a company. Taxable profit is the profit after all allowable expenses as per the tax laws of a country. In the UAE, the concept of corporate tax is under debate after the introduction of a new…

28 Apr 23

Risk-Based AML/CFT Approach in the UAE: Key Elements

Risk-based vs. rule-based approach A risk-based decision-making approach is proactive and does not rely on a checkbox. A rule-based approach, on the other hand, is based on using a set of predefined rules to determine the best course of action. A rule-based approach is not adaptable to changing circumstances, whereas…

19 Apr 23

Penalties for Violations of Tax Laws in the UAE

Taxes are one of the prime sources of revenue for most economies. Tax compliance is important for the smooth functioning of the overall economy of a country. Governments need to collect taxes timely and completely in order to provide essential services to the citizens. However, the collection of taxes is…

11 Apr 23

VAT Health Check in the UAE: Key Information

What is a VAT Health Check? A “VAT health check” is an audit of a company’s VAT compliance and reporting procedures and processes. The VAT health check (VHC) aims to find areas where the business could do better and ensure it follows all the right VAT rules, regulations, and procedures.…

Compliance

Corporate Tax Registration Deadlines

Audit Requirements in the UAE

AML Compliance for Jewelers in the UAE

Tax Evasion and Tax Avoidance: Key Differences

Understanding Corporate Tax in the UAE: Your FAQs

Group and Restructuring Reliefs in the UAE Corporate Tax

Impact of Corporate Tax on SMEs in the UAE

Risk-Based AML/CFT Approach in the UAE: Key Elements

Penalties for Violations of Tax Laws in the UAE

VAT Health Check in the UAE: Key Information

Role of De Minimis in Corporate Tax UAE

Fintech – The Future of Finance

Managing Corporate Tax Losses for UAE Businesses

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