Category: Blogs

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

This is a essential reminder regarding the recent announcement made by the Federal Tax Authority (FTA) about the grace period granted for tax registrants who have not yet updated their tax records in the EmaraTax (FTA Portal).The grace period applies to updates required for

In a significant update to corporate tax regulations, the UAE Ministry of Finance has announced the implementation of a 15% minimum tax on profits generated by large multinational enterprises (MNEs) operating in the country. This new tax rate will apply to financial years beginning

As we approach 2025, businesses in the UAE face a crucial shift in tax and accounting regulations. The country’s evolving framework presents both challenges and opportunities, and staying ahead of these changes is essential for maintaining compliance and fostering growth. Corporate Tax: What You

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

The beginning of a new year offers a unique opportunity to set clear financial goals and create a roadmap to achieve them. Whether you’re running a business, managing personal finances, or planning for long-term success, effective budgeting and forecasting can make all the difference.

📍 Get Registered (Jan 1, 2023 – Feb 28, 2025): A 26-month window to secure your corporate tax registration. Early birds set themselves up for success!🚀 Law in Effect (June 1, 2023): The Corporate Tax Law officially applies, align your finances and systems.📊 First

Not every business in the UAE is subject to corporate tax, and understanding these exemptions can help you navigate your tax obligations with ease. Here’s a quick rundown of who qualifies as Exempt Persons:✅ Government entities and government-controlled entities✅ Extractive and non-extractive natural resource

Imagine this: you’re sipping your morning coffee, reviewing business emails, when suddenly, an official notice lands in your inbox—a tax audit is coming your way. Cue the panic. While tax audits are a routine check, they can send even the most seasoned business owners

For decades, the UAE has been a beacon for foreign investors—zero corporate tax, a business-friendly environment, and the allure of shiny skyscrapers. But with the introduction of the UAE Corporate Tax (CT) in 2023, the landscape has shifted. Don’t worry, though; the UAE is