29
Jul 24
Taxation of Foreign Banks in Dubai
The new law brings changes in the taxation of foreign banks in Dubai. This blog highlights the key changes in the law.
08
Jul 24
VAT vs. Corporate Tax in the UAE
This blog provides key information on VAT vs. corporate tax in the UAE. This includes key differences and advantages and disadvantages.
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…
25
Jul 23
When Shall You Deregister for VAT in the UAE?
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…
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…