A federal corporate tax (CT) in the UAE was announced by the UAE Ministry of Finance (MoF) on 31 January 2022. The new CT will come into effect after 1 June 2023. In the MoF’s press release and the Federal Tax Authority’s FAQs, UAE CT regime details are provided. […]
The key to being an entrepreneur is creating a business plan that helps you start and run your dream business. By understanding the basics of accounting for sole entrepreneurs, you can manage your finances properly without becoming a financial expert. 1. Business Registration Registering your business is the first […]
While UAE VAT is often considered a simple tax, the reality is different. In our previous UAE VAT returns articles, we talked about common mistakes made by businesses and what you need to know about the types of VAT in the UAE. In this post, we will cover some of the […]