Blogs : Blog

The European Union’s review of the tax framework in the United Arab Emirates led to the UAE being listed as a non-cooperative jurisdiction for tax purposes, also known as the EU Blacklist. To address this, the UAE introduced the Economic Substance Regulations (ESR) to align with international standards and remove its name from the blacklist. Under the ESR, certain activities…

The United Arab Emirates is widely regarded as one of the prime locations for establishing and conducting business operations. With its progressive and growing economy, strategic location, access to diversified markets, strong cultural background, and favorable business environment, the UAE offers numerous advantages for entrepreneurs and businessmen. However, with the increasing influx of people and businesses, there has been a…

Ensuring VAT Compliance in the UAE: A Comprehensive Guide VAT compliance is a crucial aspect of running a business in the UAE. To avoid penalties and operate efficiently, businesses must adhere to the regulations set forth by the Federal Tax Authority (FTA). Here’s everything you need to know about conducting a UAE VAT health check to ensure compliance. What is…

Guide to VAT Return Filing in the UAE If you operate a business in the UAE, understanding the process of VAT return filing is essential. Here’s a comprehensive overview to help you navigate VAT filing procedures effectively. Overview of VAT Filing in UAE: For businesses registered for VAT in the UAE, filing VAT returns is a crucial step. This involves…

Here’s a simplified breakdown of how VAT collection operates in Dubai: Step 1: A farmer grows dates and sells them to a processing factory. The farmer charges VAT to the factory. Step 2: The factory processes the dates into date syrup and sells it to retail chains. The factory collects VAT from the retail chain. Step 3: The factory supplies…

Corporate Tax in the UAE: Understanding Calculation and Examples In January 2022, the Ministry of Finance in the UAE announced the introduction of Corporate Tax on business profits, effective from July 1, 2023, across all emirates. Definition and Calculation: Corporate tax is a direct tax levied on the net income or profit of corporations and entities from their business operations.…