What records must businesses maintain for tax filing?
In accordance with the UAE Federal Tax Authority, companies in the UAE have to record their financial transactions for UAE tax filing every interval. Tax filing also referred to as VAT return filing...
What are the types of taxes in the UAE?
The United Arab Emirates has always maintained a tax-friendly environment in the country. Businesses for several years have taken advantage of this environment and flourished, but times are changing,...
Simple steps to file UAE VAT returns
Filling your UAE VAT returns is mandatory for companies across the country. Commercial entities and businesses must file their UAE VAT return on time to avoid any penalties. Tax liable companies must...
What are the benefits of a UAE Tax Agent?
Tax Agent is “An agent registered with the Authority, who is appointed by a person to act in his name and on his behalf regarding his tax affairs to represent him before the Authority and...
Why do you need an FTA tax agent in UAE?
Before understanding the need for an FTA tax agent in UAE, it is crucial to know who an FTA tax agent is. As per the Federal Law Number 7 of 2017 on Tax Procedures, a Federal Tax Authority Tax Agent...
Will companies in the UAE have to reissue tax invoices?
The Federal Tax Authority (FTA) recently clarified the exchange rates to be used for tax invoices which are raised in AED as well as in other foreign currencies. This was announced through VAT Public...
