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Criteria for VAT Mandatory Registration Criteria for VAT Mandatory Registration The GCC VAT Agreement has put in place certain regulations that businesses must adhere to avoid penalties and ensure smooth operations. If your business has had a taxable turnover of AED 375,000 or more (USD 100,000 or more) in the past 12 months or is […]
What is input and Output VAT: What is input and Output VAT? VAT paid by a business on purchases of goods or services used in its business operations. Businesses can claim input VAT as a credit against their output VAT liability, which is the VAT charged on sales of goods and services. Understanding Output VAT: […]
How to Register a Company in Dubai Welcome to the land of opportunities! Dubai, United Arab Emirates is the ideal destination for entrepreneurs like you who want to establish a thriving business in a profitable environment. Get ready to bask in the great benefits of the UAE, where you can enjoy 100% foreign ownership, ease […]
UAE Corporate Tax Rates UAE Corporate Taxation holds a crucial position in the world of finance, as it is a direct tax that is imposed on the taxable income of corporations and businesses. It is also sometimes referred to as ‘Corporate Income Tax’ or ‘Business Profits Tax’ in certain jurisdictions. The implications of this tax […]
UAE Individulas are not subject to income tax The United Arab Emirates (UAE) has been a tax-free haven for individuals and businesses for decades. Its favorable tax policies have attracted foreign investors and highly skilled professionals from all over the world. Recently, speculation has been that the UAE government is considering introducing income tax for […]
Documents Required for VAT Registration As a professional, you understand the importance of complying with the regulations and requirements set forth by governing bodies. One of these requirements, for businesses operating in certain countries, is VAT registration. Value Added Tax (VAT) is a tax on goods and services that is collected by the government. To […]
Condition of the VAT Registration Process Understanding the Condition of the VAT Registration Process By the VAT law and its corresponding regulations, as well as the GCC VAT agreement, specific criteria must be met to become a registered VAT entity. These criteria are outlined in Articles 7 and 8 of the executive regulations and elaborated […]
\ Invest in targeted online advertising In today’s fast-paced business world, advertising is a critical component of any successful marketing strategy. With the rise of digital marketing, online advertising has become increasingly important for businesses looking to reach their target audience. In this blog post, we will discuss the benefits of investing in targeted online […]
UAE Taxable Supplies UAE Taxable Supplies As businesses operating in the United Arab Emirates (UAE), it is important to understand the concept of taxable supplies and how they impact your financial obligations. The UAE’s tax system has undergone significant changes, and businesses need to stay up-to-date with the latest regulations to avoid non-compliance penalties. We […]
Identifying Business Needs and Goals Identifying Business Needs and Goals Running a business successfully requires more than just a great idea or product. To ensure that your business is on the right track, you must identify your business needs and goals. Identifying your business needs and goals is important because it helps you create a […]