As the United Arab Emirates (UAE) has now implemented the corporate tax on profits above AED 375,000 (applicable from June 1, 2023), commercial entities around the country are now gearing up to adapt their accounting and reporting to conform to the new tax regulations. The…
Dubai has developed as a global business hub with entrepreneurs and multinational firms as well as small and medium-sized entities (SMEs) flocking to it from around the world. Strategically positioned on a global map with investor-friendly policies and a thriving economy, the emirate presents a…
The United Arab Emirates (UAE) implemented Value Added Tax (VAT) in 2018 as part of its overall goal to diversify its economy and minimize dependence on oil income. All businesses operating in the country have been subject to certain VAT compliance practices ever since and…
