Expert knowledge for smarter decisions

Is vessel insurance zero-rated in the UAE? Understand how international transport, export of services, vessel use, recipient location and policy wording can affect UAE VAT.

UAE e-invoicing becomes mandatory in phases from 2027. Understand the deadlines, scope and practical steps businesses should take to prepare.

Bookkeeping is an essential cornerstone in the realm of running a business, no matter its scale. For young entrepreneurs embarking on their ventures or small business owners scaling up, the significance of bookkeeping cannot be understated, particularly in the context of corporate tax, VAT, and international taxation obligations.

Do you find managing accounts, tax calculations, and VAT consultancy Service compliance challenging for your business? If yes, you’re not alone. As new legislation emerges, accounting record retention becomes a crucial requirement for every business. The recording of invoices and others is essential for VAT return filing.

The UAE has historically been known for its tax-friendly environment, with no corporate or personal income taxes, no value-added tax (VAT), and no withholding taxes on dividends or interest. This has made the country an attractive destination for foreign investors.

In December 2022, the UAE ushered in a transformative era in corporate taxation through the introduction of the landmark Corporate Tax Law (Federal Decree-Law No. (47) of 2022 on the Taxation of Corporations and Businesses).