19
Apr 24
The Role of Tax Consultants for UAE Businesses
The role of tax consultants is important for every business nowadays. In this blog we give key insight for UAE businesses.
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…
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.…
01
Feb 23
UAE VAT Updates: 13 Key Changes in 2023
There have been some changes to specific provisions of the UAE Value Added Tax (VAT) regime announced by the UAE Ministry of Finance. The Federal Decree-Law No. 18 of 2022 introduces 24 changes. VAT is a type of indirect tax based on general consumption. Most countries impose VAT on most…
22
Sep 22
5 Common UAE VAT Misconceptions
While UAE VAT is often considered a simple tax, the reality is different. In our previous UAE VAT returns articles, we talked about common mistakes made by businesses and what you need to know about the types of VAT in the UAE. In this post, we will cover some of…
01
Aug 22
UAE Free Zone Companies Are Not Tax-Free
Many investors and business owners choose to do business in UAE because of its tax free regime (not fully, though!). Following the release of the UAE VAT Law Framework, many businesses have been asking about VAT on free zones. This underlines the importance of the VAT framework. The UAE free…
30
Jun 22
UAE Compliance: Is Your Business Concerned?
UAE authorities are constantly implementing new regulations. It is true to say that starting a new business in the UAE has just gotten a bit more challenging with regulatory requirements at every stage. However, it is meant to keep the UAE as the safest place to conduct business. Hence, new…
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…
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…
