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 […]
Stay Up-to-Date with the Latest VAT Guide on Input Tax Apportionment Read More »
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
Ministry of Finance issues decision on small business relief for corporate tax purposes Read More »
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
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
2023 Dubai Accounting Trends: Innovations and Insights Read More »
Are you feeling the entrepreneurial itch and considering starting your own business? It may be a leap of faith, but the benefits are numerous – no more 9-to-5 jobs, the freedom to work on your own schedule, and the potential to earn more than in a traditional corporate job, just to name a few. If
Top 7 Reasons Why you should start a business in Dubai? Read More »
[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
Frequently Asked Questions about Anti-Money Laundering Read More »
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
Mastering Business Auditing in Dubai: Top Tips and Why Hiring an Audit Firm is Essential Read More »
[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
[vc_row][vc_column][vc_column_text] Financial audits aim to increase the trustworthiness of a company’s financial status and performance. By utilizing financial audit services, a business can gain valuable insights that can help improve the company’s overall financial standing. Financial Statement Audit A financial statement audit is a comprehensive examination of a company’s financial records and disclosures, performed by
Financial Statement Audit Checklist Read More »
[vc_row][vc_column][vc_column_text]Importation of goods from outside the UAE into the UAE mainland is subject to VAT. The treatment of the same is however different depending on whether the importer is registered or not registered. When a VAT-registered person imports goods, he may, account for the VAT in the tax return (“VAT return”), rather than paying actually
Public Clarification: Importation of goods by agents on behalf of VAT-registered persons Read More »
