Author name: RM112

Staying Compliant: Essential Tips for Surviving a Tax Audit by the FTA in the UAE

Stay ahead of the game with our tax audit tips for businesses in the UAE! Don’t wait for the Federal Tax Authority (FTA) to come knocking – ensure your financial information, accounting records, and VAT returns are accurate and up-to-date. The Federal Tax Authority (FTA) in the UAE conducts tax audits by thoroughly examining a

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All you need to know about the Corporate Tax Implications on UAE Free Zones

In terms of Corporate tax for UAE free zone companies have a distinct tax implication compared to juridical persons or individuals in the UAE. It is important to understand the differences between these categories of taxpayers and how Free Zone Persons can take advantage of the corporate tax system. Below is a comprehensive guide on

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Stay Up-to-Date with the Latest VAT Guide on Input Tax Apportionment

The UAE Federal Tax Authority (FTA) issued a new VAT Guide in March 2023, which provides updated guidance on Input Tax Apportionment methods. The guide replaces the previous version and includes changes in line with the UAE Federal Decree-Law No. 8 of 2017 on VAT and its amendments. The updated guide aims to help taxable

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Ministry of Finance issues decision on small business relief for corporate tax purposes

Great news for small businesses in Abu Dhabi! On April 6, 2023, the Ministry of Finance in Abu Dhabi, UAE issued Ministerial Decision No. 73 of 2023 to provide Small Business Relief under Federal Decree-Law No. 47 of 2022 on the Taxation of Corporations and Businesses, also known as the Corporate Tax Law. This decision

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Unlocking the Benefits of Tax Residency Certificate in the UAE: A Comprehensive Guide to Obtaining It

Are you a taxpayer in the UAE tired of constantly being asked to provide a Tax Residency Certificate? Do you feel unsure about what this document even means? No need to worry, as Elevate is here to provide you with all the essential information about this obscure document in the simplest way possible. Looking to

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2023 Dubai Accounting Trends: Innovations and Insights

Stay ahead of the curve in the dynamic world of accounting with these top trends to watch out for in Dubai in 2023. For auditing companies in Dubai, accounting practices have undergone a significant transformation due to changing customer demands, business needs, and technological advancements. To remain competitive in the market, it is crucial for

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Frequently Asked Questions about Anti-Money Laundering

[vc_row][vc_column][vc_column_text] Money laundering is a global threat that affects everyone, from individuals to businesses and governments. The practice involves disguising the proceeds of crime as legitimate funds, making it difficult for law enforcement agencies to trace and seize them. Anti-money laundering (AML) laws and regulations have been put in place to combat this issue, but

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Mastering Business Auditing in Dubai: Top Tips and Why Hiring an Audit Firm is Essential

Dubai is known for its bustling economy and business opportunities. As a result, many businesses require auditing services to ensure they comply with regulations and maintain their financial health. However, preparing for an audit can be a challenging and time-consuming task. In this blog, we will discuss the top tips for business auditing 7 Useful

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Unlock the Benefits of Business Setup in Dubai with Elevate – Your Trusted Business Setup Consultant in UAE!

[vc_row][vc_column][/vc_column][/vc_row][vc_row][vc_column][vc_column_text] If you came across this article while searching for business setup services in Dubai or UAE, you’ve arrived at the right place. As an experienced business setup consultant in Dubai, Elevate can guide companies from around the world in establishing their operations in Dubai or other parts of the UAE, whether in the mainland

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