The UAE promised a business-friendly tax system, so why are some Free Zone companies still getting taxed? What does the government mean by ‘qualifying income’?
As an entity operating in the UAE, you must be aware that UAE is no more tax free and with effect from June 2023, corporate
Being a business owner in the UAE, who is not aware of corporate tax? For the first time, businesses operating in the UAE are subject
A payroll management system is used to calculate employee wages, deductions, hours worked and tax withholding per pay period. It’s often closely integrated with time
In the hospitality industry, hotel accounting service is about tracking your cash flow across all areas of your property. It ensures all financial aspects of
If you’ve been around the world of business tech for a while, you’ve probably heard of ERP systems, those big software platforms that help businesses
For years, the UAE’s zero-tax reputation was an attraction for entrepreneurs and multinationals alike, offering opportunity, growth, and tax-free profits. But let’s now call it
UAE does not levy income tax on individuals. However, it levies 5% value added Tax (VAT) on the purchase of goods and services, levied at
Virtual Asset Service Provider is an entity or business that facilitates activities involving virtual assets, such as cryptocurrency transactions. Virtual Asset Service Provider (VASPs) include
The Restaurants typically use cash accounting, also known as the cash basis of accounting. This method records revenue when cash is received from customers and
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