Category: Blogs

by legoassociate / on 15 August, 2025

UAE Makes It Easier to Fix VAT Return Errors | Voluntary Disclosures

From January 1, 2025, the Federal Tax Authority (FTA) has introduced a simpler way for businesses to correct certain VAT return mistakes through an updated Voluntary Disclosure process. Under the new rules, if the error doesn’t affect the amount of VAT you owe or
by legoassociate / on 21 July, 2025

UAE E-Invoicing Readiness Checklist for SMEs

Mandatory Compliance Starts: July 2026(for B2B and B2G invoices) 📌 1. Understand the Basics ✔️ Learn what e-invoicing is and how it works under the UAE DCTCE system✔️ Familiarize yourself with the PINT AE standard (UAE’s e-invoice format)✔️ Know that only Accredited Service Providers
by legoassociate / on 7 May, 2025

Important Update – UAE Offers Penalty Waiver for Late Corporate Tax Registration

An important update from the UAE Ministry of Finance and the Federal Tax Authority (FTA) regarding Corporate Tax registration. As part of their ongoing support for businesses during the initial implementation of the Corporate Tax regime, the authorities have introduced a penalty waiver initiative
by legoassociate / on 8 April, 2025

VAT Deregistration Process in UAE

The VAT Deregistration process is a formal request submitted to the Federal Tax Authority (FTA) by a taxable person or entity to cancel their VAT registration. This step is crucial when a business is no longer eligible or required to be VAT registered under
by legoassociate / on 19 March, 2025

UAE Input Tax Apportionment: Understanding VAT Deductions for Businesses

What is Input Tax Apportionment? Input tax apportionment refers to the process of dividing input VAT (Value Added Tax) between taxable and non-taxable supplies in accordance with UAE VAT laws. Businesses in the UAE that incur VAT on expenses must determine how much of
by legoassociate / on 16 December, 2024

Unlock Financial Clarity: Preparation of Key Financial Statements

Financial statements are the cornerstone of effective business management and decision-making. They provide a comprehensive view of your business’s financial health, helping you track performance, plan for the future, and meet legal and regulatory obligations. Here’s a closer look at the key financial statements