Filing your VAT return in the UAE isn’t just a routine accounting task. It’s a compliance responsibility that can make or break your business’s financial health. Despite clear rules from the Federal Tax Authority (FTA), many business owners still get it wrong. Missed deadlines, incorrect entries, and overlooked documentation are all too common, and they…
Thousands of UAE businesses have registered for VAT since 2018, but only a fraction realise that deregistration is just as critical as registration. If your company has ceased operations, dropped below the VAT threshold, or is no longer making taxable supplies, ignoring the VAT deregistration process can become an expensive mistake. Failing to apply within…
In today’s fast-changing business world, especially in the UAE, staying compliant with regulations isn’t just about following rules. It’s about protecting your business and building trust. After the UAE was officially removed from the FATF Grey List in early 2024, the country reinforced its commitment to fighting money laundering (ML) and terrorism financing (FT). This…
Bookkeeping is the lifeline of any business. It ensures that your finances are in order, your taxes are accurate, and your decisions are based on facts, not guesswork. Yet, many small businesses and freelancers in the UAE still struggle with bookkeeping mistakes that lead to penalties, poor cash flow, and missed growth opportunities. The reality…
When it comes to corporate tax compliance in the UAE, many businesses assume that if they pay on time, they’re safe. The reality is very different. The Federal Tax Authority (FTA) is not just looking at whether you’ve paid your dues; it’s watching how you register, record, classify, and report. This is where silent mistakes…
If you run a business in Dubai or anywhere across the Emirates, you’ve probably heard about anti-money laundering in the UAE. The rules can feel overwhelming, especially with constant UAE anti-money laundering updates and detailed AML compliance requirements in the UAE. But here’s the truth: AML is not just about regulations, it’s about protecting your…