With the launch of UAE Corporate Tax, thousands of businesses are now exposed to Transfer Pricing (TP) rules for the first time. The UAE follows international standards, especially the OECD
IFRS 15 affects how UAE businesses recognize revenue, especially service providers, construction companies, software firms, and trading companies. Correct revenue recognition is essential for: The 5-Step Model Common UAE Scenarios
The UAE VAT Law distinguishes between: Understanding the VAT rules for each is essential to avoid FTA penalties. In 2025, VAT audits focus heavily on free zone transactions. What Is
Free Zone companies can benefit from 0% Corporate Tax if classified as QFZP (Qualifying Free Zone Person). However, in 2025, the rules are stricter than ever. Who Is a QFZP?
Audit in the UAE (Free Zones + Mainland) reveal recurring issues among SMEs. Understanding these findings helps businesses prepare, avoid delays, and strengthen financial controls. Top Audit Findings 1. Incomplete
The Federal Tax Authority (FTA) has increased its VAT audit activity across the UAE. Even small mistakes — a missing TRN, incorrect invoice, or wrong input claim — can trigger
With the introduction of Corporate Tax (CT) in the UAE, business owners now face an important challenge — understanding which expenses are deductible and which are not. Getting this wrong
As the UAE’s Corporate Tax regime matures, the Federal Tax Authority (FTA) has begun planning targeted Corporate Tax audits. Being unprepared can result in heavy fines, reputational risk, and potential
UAE Corporate Tax returns must be based on accounting profits prepared under IFRS, adjusted according to tax law provisions. Many businesses mistakenly assume their IFRS profit equals taxable profit —
Leases are everywhere — offices, vehicles, equipment. Under IFRS 16, all these now appear on the balance sheet, transforming how businesses in the UAE present their financials. In 2025, understanding
