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
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 —
The UAE is one of the world’s most attractive destinations for entrepreneurs, offering 100% foreign ownership, world-class free zones, and a competitive tax regime. But with opportunity comes responsibility —
In Art. 42 of the Regulations, financial services for the purpose of the exemption are defined as follows: a. The exchange of currency, whether effected by the exchange of banknotes or coins, by crediting
the vat treatment of this category falls amongst the categories left at the Discretion of the MEMBER STATES, THE AUTHORITY treats healthcare services as VAT Zero-rated provided certain conditions are
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
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
