As a small business operating in the UAE, we are sure you have come across many situations that affect you on a daily basis. One of the most common complexities that many businesses face is when the VAT charged on goods purchased (input tax) is more than the VAT on the amount generated through sales …
Claiming Your VAT Refunds Made Simple: A Step-by-Step EmaraTax Walkthrough Read More »
The United Arab Emirates has been a longstanding business hub for budding entrepreneurs and established businessmen all across the globe, and the recent guidelines further enhanced its appeal. Moreover, these new regulations have also introduced additional requirements for businessmen and companies who set their businesses in UAE. The UAE has actively encouraged innovation and entrepreneurship. …
Guidelines you should know about new businesses in UAE Read More »
Owning a home, an apartment, or a piece of commercial property is not subject to a yearly tax in UAE. Additionally, VAT (Value-Added Tax) is not levied on commercial property transfers. Owning property in the UAE, however, will result in additional costs in the form of fees and charges. It\’s important to note that some …
Non-residents liable to pay taxes on income from real estate: New Tax Regime Read More »
The captivating sector of corporate tax in UAE where businesses bloom amidst a dynamic and diverse economic structure is a debatable topic to discuss on. In this Blog, you will get to learn more facts about the new corporate tax in UAE that was announced by the Ministry of Finance (MoF). Here are a few …
A complete guide to the new UAE corporate tax for individuals and businesses Read More »
Small industries are the backbone of a thriving economy and UAE is mindful of it and its importance. By implementing relief measures for various small businesses, the UAE government aims to attract entrepreneurs, foreign investment and have a growing economy. Understanding these reliefs and measures given to the small business owners, it helps to navigate …
Will a Freelance Professional be Subject to UAE Corporate Tax? As per the regulations of corporate tax in the UAE, any taxable income exceeding AED 375,000 will be subject to Corporate Tax. This tax system will also be applicable to freelancers and independent contractors in the UAE who work for themselves if their income goes …
Decoding Freelancing and Corporate Tax in the UAE: What You Need to Know! Read More »
Crypto exchanges have revolutionized the way we trade digital assets. But what about the tax implications? In this blog post, we\’ll explore the key points to understand about taxes on crypto exchanges. 1. Crypto Tax Basics: Cryptocurrency taxation is an important aspect to consider when engaging in crypto transactions. Understanding the difference between investing and …
Tax applicability on crypto exchanges :What You Should Know: Read More »
A UAE Tax Residence Certificate is an official document issued by the Federal Tax Authority (FTA) in the UAE. It serves as proof of tax residence in the country and is valid for one year, requiring renewal upon expiration. The objective of the UAE Tax Residence Certificate is to enable individuals and companies operating in …
Introduction: Forex transactions, involving the buying and selling of different currencies, have become increasingly popular in today\’s globalized world. As with any financial activity, understanding the tax implications associated with forex trading is crucial for individuals and businesses alike. In this blog, we will explore the tax applicability on forex transactions, shedding light on important …
