When a business is in its initial stages, VAT compliance can seem complex. One common question for new businesses is: Can VAT input be claimed before registration? Understanding when and how you can claim input VAT is critical for...
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The UAE, known for its luxury shopping experiences and tax-free policies, introduced a Value Added Tax (VAT) of 5% in 2018. However, to keep attracting tourists, the UAE offers a VAT refund system that allows visitors to reclaim VAT...
The introduction of corporate tax in the UAE has raised questions, particularly for businesses operating in free zones. While the UAE has long been considered a tax haven, changes in global economic policies and the need for revenue diversification...
Since introducing Value Added Tax (VAT) in the UAE on January 1, 2018, Dubai has implemented a robust VAT refund system for various categories of individuals, including tourists, businesses, and UAE residents. This guide will cover the process of...
Gratuity is a term used to describe the end-of-service benefits provided to an employee who has completed a certain period of service in the UAE. This benefit is calculated based on the employee’s basic salary and the number of...
Accounting is an essential function for businesses of all sizes, and it has become even more critical in the digital age. With technological advancements and changes in business models, accounting practices have had to evolve to keep up. However,...
As a business owner, choosing the right software can be a daunting task. With so many options available, it can be difficult to know which software is right for your business. In this article, we will discuss the key...
As a business owner, you’re always looking for ways to cut costs and increase your bottom line. One strategy that many entrepreneurs overlook is working with an accountant. While you may think of an accountant as simply someone who...
When it comes to managing the finances of your business, choosing the right accounting firm is critical. The right firm can help you save time and money, stay compliant with regulations, and provide valuable financial advice. Here are some...
As a small business owner, managing cash flow is essential to keep your business running smoothly. Cash flow is the amount of money that flows in and out of your business, including revenue from sales, expenses, and investments. Maintaining...