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3 Great benefits of outsourcing accounting and payroll activities. Saving time on processing: By outsourcing accounting and payroll tasks, you may gain more time and focus on adding value...
You can’t fly the aircraft of your airline business. You can’t work on the vehicles in your auto repair shop. You can’t cut the grass in your...
When submitting a Voluntary Disclosure for VAT returns, what information you must provide? Your personal information, such as; Your name Phone number Address And the VAT return period...
How long do VAT records need to be kept? Business owners should keep their records and books of accounts for at least 5 years after the fiscal year in...
Can businesses claim VAT on expenses incurred? VAT can be claimed by businesses in the following situations: If the company is VAT registered, they can claim a refund...
What exactly is the reverse charge? The conventional method of collecting VAT requires the seller of supplies or services to collect VAT from buyers and remit it to the...
There has been a lot of discussion about free zones and designated zones since the implementation of VAT. The Ministry of Finance has clarified some details about these...
This is intended to assist registrants in meeting their tax obligations. • The Decision has been in force since June 28, 2021. • The decision lowers several...
Excise Tax required in your business? Here’s how you can find out. According to UAE Federal Decree Law No. 7 of 2017 on Excise Tax, it is the responsibility...