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Steps to Avoid VAT Penalties in UAE & Comply with New Regulations
VAT (Value Added Tax) has been implemented in the UAE in the year 2018. Right after its implementation, it has become crucial for the UAE businesses to prepare themselves towards this new taxation system and be “VAT Ready” to avoid penalties ...
VAT Return Filing – Quick Steps to Turn the Process into Success
VAT Return Filing – Quick Steps to Turn the Process into Success
Super-Effective Accounting Checklist for Exceptional Financial Growth of Business
In today’s competitive arena, a company needs to generate profitable results in order to be successful. Whether you’re running a small or a large business, it becomes essential to determine if the revenue earned by the company is more than the ...
Know About the Records You Should Maintain For VAT Auditing
All Businesses in UAE must be prepared for official and obligatory audits in 2019, as it has been one year since the VAT has been implemented in UAE. VAT auditing is conducted for all kinds of businesses to ensure the accuracy of accounting, ...
Is Outsourcing Your Bookkeeping Process the Best Option?
Bookkeeping is a real challenge for all types of business. From recording the economic activities of the company to summarizing the business transactions in an orderly manner all in which aid the survival of the organizational. Whether it is a ...
FTA Publishes Clarification on Bank Interest and Dividends
The Federal Tax Authority (FTA) has issued a publication to shed light on certain aspects of the VAT implementation, including Federal Law No. 7 of 2017 which covers the major aspects of tax procedures and Federal Decree-Law No. 8 of 2017 which ...