The Ministry of Finance has announced a new UAE Cabinet decision relating to ‘qualifying public benefit entities’, whereby Public benefit entities are exempted from the corporate tax. It’s noteworthy…
UAE Ministerial Circular on Corporate Tax Registration – Exemption
The UAE Ministry of Finance has issued a Ministerial decision No. 43 of 2023 Concerning Exception from Tax Registration for the Purpose of Federal Decree–Law No. 47 of 2022 on…
UAE Corporate Tax Small Business Relief
As mentioned under the “Article 21 – Small Business Relief” of the Federal Decree-Law No. 47 of 2022 Taxation of Corporations and Businesses (the “Corporate Tax Law”), the Ministry has…
RAK Digital Assets Oasis
Dubai introduced Virtual Assets and Related Activities (VARA) and now Ras Al Khaimah has come with RAK Digital Assets Oasis (RAKDAO) to help make it a mark in the world…
Electronic Commerce Supplies by Qualifying Registrants
From 1 July 2023, Qualifying Registrants are required to report supplies made through e-commerce in box 1 of the VAT Return based on the Emirate in which the supplies of…
Record Keeping Conditions for Electronic Commerce Supplies Made in UAE
The UAE Ministry of Finance today issued a Ministerial Decision on the criteria and conditions for electronic commerce for record keeping of the supplies made, introducing for some taxable persons…
Virtual Assets and Related Activities Regulations 2023
Dubai Government has released a new law on Virtual Assets and Related Activities (VARA). The Regulations set out a comprehensive Virtual Asset (VA) Framework built on principles of economic sustainability…
7 Reasons to Incorporate in Dubai: A blog on why it’s a great idea to start your company in Dubai as a business hub.
7 Reasons to Incorporate in Dubai: A blog on why it’s a great idea to start your company in Dubai as a business hub. One of the world’s most hospitable…
Why do you need to hire professional accountants or advisers when it comes to VAT registration in UAE?
Why do you need to hire professional accountants or advisers when it comes to VAT registration in UAE? Effective tax management is essential for any business. When a company falls…
Top 5 Benefits of Corporate Tax Planning in UAE: A blog about the benefits of corporate tax planning in UAE.
Corporation tax in UAE has one of the world’s most competitive corporation tax rates and is the lowest in the GCC, where Bahrain is presently the only member state without…
The Biggest Challenges Faced By UAE Auditors: A blog about the challenges that auditors face.
Due to the tight business rules in Dubai, every organization is serious about audits and frequently have its businesses audited. Auditing is essential for firms in Dubai to remain financially…
What Every Business Should Know About Taxes In UAE: A Comprehensive Look Into The Tax Laws of UAE.
One of the world’s most business-friendly nations is the United Arab Emirates. During the recent past there were few tax laws being proposed, so you must be familiar with them…