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 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 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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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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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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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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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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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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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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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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