VAT Health Check in the UAE: How to Avoid FTA Penalties in 2025
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
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
Since the introduction of Value Added Tax (VAT) in the UAE in 2018, businesses have had to adapt to a new era of tax compliance. Now, as we step into
The UAE introduced Economic Substance Regulations (ESR) in 2019 to align with global standards set by the OECD and EU. These rules ensure that companies conducting certain activities in the
Since the introduction of Value Added Tax (VAT) in the UAE in 2018, many businesses and individuals have asked a key question: Can I get a VAT refund? The good
The UAE has entered a new era of taxation. With the introduction of Corporate Tax (CT) in June 2023, the country moved from being a tax-free haven to a jurisdiction
Running a small or medium-sized enterprise (SME) in the UAE is exciting, but it also comes with challenges — one of the biggest being accounting and financial compliance. With the