VAT Registration in UAE.
Any person exceeding the annual VAT Registration threshold of 375,000 AED. At the end of any month is required to register for it Mandatory. The threshold should be monitored at
Exempt Supplies of VAT in UAE
The regulations define exempt supplies as supplies of goods and services on which VAT in UAE is not chargeable but also non-recoverable. Exempt supplies are the following: Financials Services Residential Building Bare
Who Should be registered in VAT?
A business must register for VAT if the taxable supplies and imports exceed the mandatory registration threshold of AED 375,000. Furthermore, a business may choose to register for VAT voluntarily
Who should be registered in GoAML Portal?
A DNFBP is anyone who engages in the following trade or business activities: When brokers and real estate agents complete transactions for the benefit of their clients in the purchase
Advantage of Financial Reporting
There are several benefits of creating a financial report for a firm. We can list them as follows: It improves the debt management of a firm. It helps in managing
Benefits of Financial Accounting
Following are some of the advantages related to financial accounting 1. Systematic maintenance of Business Records Companies need to keep a record of all transactions incurred for business purposes. Proper books
Internal Financial Audit Advantage
Streamline Your Operation A good auditor will really get under the skin of your business. In carrying out their audit work they are likely to be able to highlight any
Objectives of financial reporting
There are several objectives of making the financial report of a firm. Few can be listed as follows: It provides information on the credit and investment decisions made by the
What is Financial Reporting?
Financial reporting is the comprehensive account of all the business transactions, including expenses and income details. It shows the financial position of a firm over a specific period. It can