Submitting VAT returns in the UAE can seem complex and daunting, but it doesn't have to be. This guide covers everything you need to know about UAE VAT returns, from understanding their importance and role in the UAE's tax framework to providing step-by-step...
Running a small business in the UAE has become a tad more complex with the recent introduction of a federal Corporate Income Tax. But, there's a silver lining - a range of tax relief strategies designed to lighten the load for small businesses. We are here to share...
Ever wondered how the Excise Tax influences trade and business in the United Arab Emirates (UAE)? Introduced in 2017, the Excise Tax significantly impacts consumer behaviour, business strategies, and trade dynamics in the UAE. When you're familiar with this form of...
Are you feeling overwhelmed by the seemingly complex world of accounting? Don't worry! The key to cracking the code lies in getting to know two fundamental terms - debit and credit. They're not just dry accounting terms but the basic building blocks that dictate the...
Are you looking to boost your business's profitability and operational efficiency? This comprehensive guide to cost accounting is what you're after, as we will fully explain cost accounting. Properly implementing cost accounting can help you make informed decisions,...
Imagine accurately gauging your business’s performance and financial health and making informed decisions to fuel its growth. That's the advantage of knowing the basics of business accounting. Yet, many entrepreneurs find this area challenging and often overwhelming....
Do you know the real difference between your gross income and your net income? Or how these terms don't just impact your salary, but also your business finances, real estate, and investment strategies? Many folks don't fully grasp these crucial financial concepts,...
You may have noticed that investing is a hot mess of risk, reward, and complex financial jargon! If you have been interested in investing or are considering setting up your own business, one such piece of jargon you may have stumbled across is the term SPV or Special...
Running your own business is awesome but tracking income and expenses for tax purposes? Less so... This accounting task, though dreary at times, plays a foundational role in maintaining your business's financial health and managing tax liabilities. When corporate tax...
Ever wondered how high-value transactions in Dubai, especially in the real estate sector, run so smoothly and securely? It's mainly due to a vital part of the UAE's financial system - the Escrow Account. So what is an Escrow account in Dubai? Read on to find out!...
Are you planning to do business in Dubai or import goods into this global city? If so, you'll need to get to grips with the Dubai import tax. For instance, did you know that the actual tax can vary depending on certain conditions or goods? Let's explore the legal...
If you're doing business in the United Arab Emirates (UAE) or planning to invest there, understanding double taxation is crucial. Double taxation occurs when the same income is taxed by two different countries or both at the corporate and personal levels. It can...