During a VAT audit, the FTA reviews the records behind a business’s sales, purchases, expenses, invoices, and VAT returns. The Federal Tax Authority (FTA) can
Financial Records are of immense importance, especially for businesses because they are imperative evidence of all the cashflows and transactions. For a business operating in
VAT filing in Dubai can be very hectic especially if business lack professional support. A Dubai business may have hundreds of sales invoices, supplier bills,
For a VAT-registered business in the UAE, VAT return filing is a regular compliance task. The return itself may take a short time to submit
Every business, new or already established, need a proper accounting function to ensure proper financial management. Businesses now have two ways, either outsource their accounting
The words bookkeeping and accounting are used interchangeably. The two areas are related, but they are not the same. Bookkeeping usually means recording and sorting
Being a business in DMCC has one obvious strength – the companies are operating in one of the well-established free zones of Dubai with access
The UAE E Invoicing system is to be rolled out in a phased approach. Pilot adoption began already on 1 July 2026, while mandatory adoption
The e-invoicing UAE timeline has been modified, but the important 2027 deadline is still in place. On 10th May 2026, the Ministry of Finance of
Business Bay has become one of Dubai’s most active commercial districts. A 2021 report from Dubai Economy recorded 17,893 operating businesses in the area, with
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