IMPORTANCE OF VAT CONSULTANTS IN UAE
Value Added Tax (VAT) is an indirect tax imposed on the consumption or use of goods and services, which was introduced in the United Arab Emirates (UAE) on January 1, 2018. VAT filing is a process of reporting the VAT collected and paid during a specific period to the Federal Tax Authority (FTA) in the […]
TOP 5 REASONS WHY FINANCIAL DUE DILIGENCE IS ESSENTIAL FOR SUCCESSFUL BUYOUTS
what is financial due diligence Financial due diligence is a process of thorough examination and analysis of a company’s financial records, reports, and other financial data to evaluate the company’s financial health and identify any potential risks or issues that could affect its value. It is typically performed by a team of financial experts, such […]
THINGS YOU NEED TO KNOW ABOUT TRADE LICENSES IN UAE
What is a trade license? A trade license is a legal document issued by the Department of Economic Development (DED) in the respective emirate in the UAE that permits a company or individual to conduct business within the UAE. Types of trade licenses in the UAE: There are three types of trade licenses in the […]
A Guide for VAT Registration in UAE
Value Added Tax (VAT) was introduced in the United Arab Emirates (UAE) on January 1, 2018. VAT is a tax on the consumption or use of goods and services and is levied at each stage of the supply chain, from production to final consumption. If you are a business operating in the UAE and meet […]
WHY SHOULD YOU NOT AVOID ANNUAL EXTERNAL AUDITS ?
Credibility can get you far. When a person’s image outside of his friends and family is believed to be of a true and fair individual, he is said to be credible. The same is true for any business. When people outside the organization believe a corporation is reliable, it is considered to be credible. During […]
IMPORTANT FACTORS FOR YEAR – END FINANCIAL REPORTING
Financial reporting is the process of presenting financial information about a company to stakeholders such as investors, creditors, and employees. Financial reporting’s purpose is to provide transparency into a company’s financial situation and performance. It also assists management in identifying areas of strength and weakness and making informed decisions regarding the business’s direction. What is […]
HOW TO ADDRESS ERRORS IN VAT RETURNS
It is human nature to make mistakes, and while minor mistakes can be overlooked, repeated errors can be problematic, especially when filing a VAT return. It is critical that the return being produced adheres to the VAT laws and regulations. There are times when a person can make serious blunders while filing a VAT return […]
BACKLOG ACCOUNTING SERVICES IN UAE
Backlog accounting services in the UAE refer to the process of managing and organizing financial records that have accumulated over a period of time. This can include transactions, invoices, receipts, bank statements, and other financial documents. Backlog accounting services can be particularly useful for businesses that have fallen behind on their financial record-keeping, or those […]
How to Get a TRC (Tax Residency Certificate) in UAE
The Tax Residency Certificate (TRC) is a key document in the United Arab Emirates. This certificate gives users important details about their status as either a taxpayer or a non-taxpayer. Also, it describes numerous tax duties that apply to both individuals and organizations. What is a Tax Residency Certificate/ Domicile Certificate? A UAE Tax Residency […]
EXCISE TAX REGISTRATION SERVICES IN UAE
Businesses can now operate internationally and across international borders because of globalization. During the course of the commercial dealings, commodities and services are imported and exported. Nowadays, these commodities are subject to a variety of levies. The excise tax is one of these. It is a charge placed on the importation of certain items that […]
