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Vat Registration Threshold Computation In Dubai, UAE
10 Jan 2020

Vat Registration Threshold Computation In Dubai, UAE

Value Added Tax or VAT is a tax on the consumption or use of goods and services levied at each point of sale. VAT is a form of indirect tax and is implemented in more than 180 countries around the world. The end-consumer is ultimately bearing the cost. Businesses collect and account for the tax on behal...

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How Vat Will Affect The Newly Registered Companies In The Light Of Expo 2020
06 Jan 2020

How Vat Will Affect The Newly Registered Companies In The Light Of Expo 2020

Dubai was selected as the titleholder to host The World Expo 2020 with the theme 'Connecting Minds, Creating the Future'. As of now, a total of 190 countries have confirmed their participation in the mega event. The international business exhibition is going to be hosted by Dubai from 20th October 2021 t...

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Reverse Charge Mechanism
26 Dec 2019

Reverse Charge Mechanism

CDA has been providing its skillful services to the business world for the last so many years fulfilling the needs of its clients with complete satisfaction. We can assist you deal with the VAT filing of your business in a better way and help you comply with the VAT rules on Reverse Charge Mechanism.

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Books of Accounts – Under VAT Scenario in Dubai
20 Dec 2019

Books of Accounts – Under VAT Scenario in Dubai

CDA provides highly qualified and experienced chartered accountants as tax advisers who have relevant industry specific experience in taxation complying with UAE Laws to prepare books of accounts and to meet the VAT filing requirements for your business. We are committed to provide the best VAT Advisory ...

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Bad Debts Adjustment Scheme Under Vat In Dubai
18 Dec 2019

Bad Debts Adjustment Scheme Under Vat In Dubai

VAT filing has become an outlandish situation for many businesses due to ignorance of the compliance to law and lack of proper guidance. Any wrong interpretation of the law will lead to any bizarre situation with hefty penalties, loss of goodwill and lack of peace of mind. CDA professionals will examine ...

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Dubai Expo 2020 And Its Effect In UAE Economy
16 Dec 2019

Dubai Expo 2020 And Its Effect In UAE Economy

Expo 2020 Dubai will definitely be an entryway into new markets for all businesses, offering them the chance to develop relationships with nations, multilateral organisations, corporations and educational institutions, as well as millions of visitors, reverberating Expo’s theme of ‘Connecting Minds, ...

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Advantages Of Part Time Accounting Services In Dubai
29 Nov 2019

Advantages Of Part Time Accounting Services In Dubai

CDA is a pioneer in providing part-time accounting services in Dubai and all over the UAE. It’s a team of highly competent and skilled accounting professionals. CDA offers categorically skilled and professional Part-Time Accountants who are cost effective for your company and in compliance with univers...

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How Does Vat Work In Uae?
18 Nov 2019

How Does Vat Work In Uae?

The United Arab Emirates Implemented Value Added Tax (VAT) on 1 January 2018 with a rate of 5 percentages on goods & services. VAT provides the country with a new basis of income, donating to the continued facility of high-quality public services in the future. It also helps the government move towards...

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The Accounting & Bookkeeping Requirements for Start-up Companies in UAE
21 Oct 2019

The Accounting & Bookkeeping Requirements for Start-up Companies in UAE

In the busy schedule, it may not always be possible to stay up to date with limited knowledge and resources. In this situation, outsourcing is a better option. Since your balance sheet, your bookkeeping and your cash flow forecasts often control your growth strategy, as a beginner, you may be in a dilemm...

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Role and Functions of Internal Auditors in UAE
04 Oct 2019

Role and Functions of Internal Auditors in UAE

An expert auditor can provide you with certified assistance and guide you in all your financial matters to tackle the turtle and gear up; for, the audit report delineates a clear-cut and comprehensive representation of the pecuniary stability of a company. Read more to understand the role and functions o...

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How VAT in UAE Will Affect the Common Man
04 Oct 2019

How VAT in UAE Will Affect the Common Man

The tax-free life of the citizens of the UAE came to an end on 31 December 2017 by the implementation of Value Added Tax by the Emirates. The GCC countries agreed to impose a rate of 5% tax on certain goods and services from 1 January 2018. Though the VAT rate is minimal compared to other countries in th...

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Why You Need a Professional Bookkeeper to Run a Business in UAE
03 Oct 2019

Why You Need a Professional Bookkeeper to Run a Business in UAE

The primary purpose of bookkeeping is to keep an entire and exact documentation of all the pecuniary operations in an arranged and organized mode. A book of account reflects the fiscal upshots of these operations or transactions.

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VAT Deregistration Penalty in UAE
03 Oct 2019

VAT Deregistration Penalty in UAE

Deregistration of VAT in the UAE means business in UAE cancels its VAT registration with the Federal Tax Authority (FTA). VAT deregistration in UAE is as important as registration for a VAT. There could be various reasons for canceling the registration for VAT in UAE. But such reasons should comply with ...

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Why VAT Consultancy Services required for your business in UAE?
17 Sep 2019

Why VAT Consultancy Services required for your business in UAE?

A brilliant VAT consultant not only helps your business meet the required VAT standards but also provides inclusive solutions to run the business successfully and productively. A competent VAT consultant improves your business performance, operational efficiency, and VAT compliance.

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Business Advisory Services and its Effective Benefits on Business
10 Sep 2019

Business Advisory Services and its Effective Benefits on Business

Business Advisory Services are provided with the intention to support businesses to identify their strengths and overcome weaknesses in precise areas. These services give advice on business strategies like Budgeting and Cash Flow, Business Improvement and Transformation, Buying or Selling a Business, Pro...

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Benefits of Outsourcing Accounting Services for Your Business in UAE
30 Aug 2019

Benefits of Outsourcing Accounting Services for Your Business in UAE

There are several benefits of outsourcing accounting services for your business.It may be difficult for a business to manage the Accounting Activities within when compete with others and to comply with the legal requirements in the fast growing economy of the region. So Outsourcing Accounting Services ca...

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Importance of Tax Audit And Its Effect On Business
29 Aug 2019

Importance of Tax Audit And Its Effect On Business

​​​​​​​Tax is an enforced contribution to a state’s revenue, imposed by the government on workers' income and business profits, or added to the cost of some goods, services, and transactions. Taxation is a method by which governments back their overheads by imposing charges on citizens an...

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How a Qualified CFO can Bring Added Value to the Company
19 Aug 2019

How a Qualified CFO can Bring Added Value to the Company

CFO or the Chief Financial Officer is one among the strategic higher-ranking executives in any private concern and is imperative to an organization’s long-standing success. He is the one responsible for the financial actions of a company. In the past, the CFOs had to concentrate only on the financial o...

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The Digital Tax Stamp Scheme
19 Aug 2019

The Digital Tax Stamp Scheme

The Federal Tax Authority of the UAE has announced that from 1 August 2019 onwards, the sale or possession of any kind of cigarettes which do not bear the Red Digital Tax Stamp will be banned in the UAE domestic market.

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The Effect of UAE VAT Law in Real Estate Sector
07 Aug 2019

The Effect of UAE VAT Law in Real Estate Sector

The value-added tax law (VAT) @ 5% came into effect in the UAE from 1 January 2018. According to FTA (Federal Tax Authority) and DLD (Dubai Land Department), the impact of VAT on Real Estate in the UAE will be trifling, as about 85% of the components in the Real Estate are not exposed to tax.

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Tax Refunds for International Events & Seminars Conducted in UAE
19 Jun 2019

Tax Refunds for International Events & Seminars Conducted in UAE

On 16th June, 2019, the UAE Cabinet has approved the decision of tax (VAT) refunds for all international events and seminars conducted in the UAE. This decision specifies that the facilities operating in the seminars, conferences, or exhibitions sector are qualified for VAT refund imposed on the arrangem...

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Vat Refund Scheme for Tourist Visa holders
19 Jun 2019

Vat Refund Scheme for Tourist Visa holders

Good News! for tourists in UAE. Visitors and tourists can now claim VAT refund which they have paid on purchases during their stay in the country. Upon leaving, the tourists can reclaim taxes for their purchases from a fully electronic system or self-service kiosks. That means instead of going to an offi...

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When and Why You Need to Deregister VAT in UAE
02 Jun 2019

When and Why You Need to Deregister VAT in UAE

Here we will see the situations when you need to deregister VAT in UAE. Individuals and companies in UAE who registered with the FTA (Federal Tax Authority) for VAT (Value Added Tax) can deregister from

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VAT Refund Scheme for UAE Nationals
20 Apr 2019

VAT Refund Scheme for UAE Nationals

Under the UAE VAT Law, construction of any type of buildings is a taxable supply. Thus, when an individual build even a residential building, he needs to pay government tax for the construction related expenses which includes contractors’ bill, building materials, and so on.

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Business and Accounting Advisory Services , Proper VAT Planning & Execution, Effective Monitoring of Cash flow- How they can help a Business Succeed?
17 Jan 2019

Business and Accounting Advisory Services , Proper VAT Planning & Execution, Effective ...

Almost every business owner understands the need of keeping their financial books right. This is mostly due to the legal implications of failing to do so. For instance, in a region like United Arab Emirates, incompliance towards financial laws would invite serious issues to the company’s existence.

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5 Key Benefits of Outsourcing Accounting Activities
17 Jan 2019

5 Key Benefits of Outsourcing Accounting Activities

There is no doubt over that accounting activities are essential in every organization. It does not matter how small or big your organization is, you have to keep everything under transparent eyes. That is why you would have to enable consistent services of accounting and bookkeeping all along.

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Accounting Services – Taking Your Business To The Next Level
17 Jan 2019

Accounting Services – Taking Your Business To The Next Level

We often think accounting services are quite underrated. Not many business owners understand how useful they can be for their organization. To say the least, the right accounting services can take your business to a new level.

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