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Introduction In today’s dynamic and fast-changing business environment, companies face increasing challenges related to transparency, compliance, and efficiency. Among the tools that help address these
Accounting is one of the fundamental pillars of any organized economic activity. It is the language that reflects a company’s performance through numbers and financial
1. General Definition Value Added Tax (VAT) is an indirect tax imposed on the import and supply of goods and services in the United Arab
First: Definition of Sole Proprietorship A sole proprietorship is an entity wholly owned (100%) by a natural or legal person. A sole proprietorship does not
VAT Treatment of the Real Estate Sector Definition of Real Estate Real estate includes land, buildings, structures, and engineering works permanently attached to the land.
1. Introduction and Overview This system was established to enable UAE Nationals to reclaim the Value Added Tax (VAT) paid on the costs of constructing
1. Legislative Background – The Federal Corporate Tax Law No. 47 of 2022 imposes a federal tax on the profits of companies and businesses in
1. Who is a Natural Person? A natural person refers to any living human being, whether residing in the UAE or abroad, who conducts business
Small Business Relief under the UAE Corporate Tax Law What is Small Business Relief? Small Business Relief is an optional provision under the UAE Corporate
Corporate Tax Definition Corporate Tax is a federal tax imposed on the net profits earned by businesses. Applies to companies and natural persons conducting business