Compliance

The True Cost of Tax Non-Compliance for UAE SMEs

The word “compliance” means the same for every business, irrespective of size. However, sometimes small businesses overlook key compliance responsibilities in the early stages. Businesses, especially the SMEs, in the UAE must understand the true cost of tax non-compliance. In addition to financial penalties, there are other risks, such as…
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Ramadan Business Operations in the UAE Tax & Accounting

Ramadan is a month of reflection and peace. However, religious or cultural obligations must not hinder or compromise professional responsibilities. In the UAE, during the month of Ramadan, working hours are reduced, and hence, every business must follow the specified timings. Therefore, business functions, specifically the accounting and tax departments,…
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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…
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