The introduction of Value Added Tax (VAT) in the UAE in 2018 marked a significant shift, as the country had never previously applied a federal tax on goods and services. This led to understandable confusion among businesses and residents about how VAT works and what compliance involves. Since then, one of the most common queries has been about the Tax Registration Number (TRN), what it is, how...
Running a business in today’s business world is about much more than just making sales or keeping accounts updated. Businesses are expected to be transparent, well-managed, and compliant with the law. This is where the internal audit plays a crucial role. Rather than being just a compliance exercise, internal audit helps organisations understand how well their processes, controls, and...
0 Commentarios
0 Acciones
833 Views
0 Vista previa
A VAT audit in the UAE is a formal review conducted by the tax authorities to verify whether a business is complying with the country’s VAT laws and regulations. During a UAE VAT audit, authorities examine financial records, VAT returns, invoices, and supporting documents to ensure that VAT has been correctly calculated, collected, reported, and paid.With the UAE’s VAT framework...
0 Commentarios
0 Acciones
601 Views
0 Vista previa
Healthcare is a vital sector, and understanding how taxation applies to it is equally essential for providers, clinics, hospitals, and patients alike. VAT on healthcare services is designed to balance public revenue needs while ensuring essential medical services remain accessible and affordable. In the UAE, the VAT framework treats healthcare differently from many other sectors, with specific...
VAT can feel confusing on its own, and when you add financial services to the mix, things get even trickier. VAT in UAE applies to most goods and services, but financial services don’t always follow the same rules. That’s because many of these services involve interest, margins, or complex fee structures, so the VAT treatment is a little different from regular transactions.If...
Corporate taxation in the UAE has transformed the business landscape, and one of the most beneficial frameworks introduced under the new tax regime is the corporate tax group concept. This arrangement allows eligible companies to be treated as a single taxable entity, making tax filing and compliance more efficient.In a guide to corporate tax groups in the UAE, we explore how forming a UAE...
0 Commentarios
0 Acciones
100 Views
0 Vista previa
Dubai is a fast-growing business hub where trust and transparency matter a lot. To stay compliant and build confidence with banks, investors, and authorities, businesses need clear and accurate financial records. This is where external auditing becomes important. An external audit checks your financial statements, finds risks early, and confirms that everything follows UAE rules and...
0 Commentarios
0 Acciones
124 Views
0 Vista previa
Enhance your business efficiency and performance with Shuraa Tax’s Operational Audit Services in Dubai, UAE. Our expert auditors help you evaluate your company’s processes, identify inefficiencies, and ensure compliance with UAE regulations.With years of experience across multiple industries, Shuraa Tax provides businesses with comprehensive operational audit services to streamline...
0 Commentarios
0 Acciones
138 Views
0 Vista previa
Corporate tax has transformed the business landscape in the UAE, bringing the country in line with global transparency and tax standards. Whether you operate a multinational company, a free zone entity, a small consultancy, or a freelance business, understanding the UAE Corporate Tax Registration rules is essential for staying compliant and protecting your license.The new tax framework is...
0 Commentarios
0 Acciones
173 Views
0 Vista previa
Value Added Tax (VAT) is now a regular part of running a business in Saudi Arabia. Since it was introduced, VAT has applied to most goods and services, which means almost every business needs to understand how it works. Even if you are starting a new company or already running one, knowing the basics of VAT is important to avoid mistakes and stay on the right side of the law.VAT registration in...
0 Commentarios
0 Acciones
166 Views
0 Vista previa
Value Added Tax (VAT) compliance in the UAE is crucial, but so is ensuring you don't overpay. If your business has incurred more VAT on purchases and expenses (Input Tax) than it has collected on sales (Output Tax), you may be entitled to a refund from the Federal Tax Authority (FTA).At Shuraa Tax, we are your team of knowledgeable and qualified accountants, auditors, and tax advisors,...
Corporate tax registration for offshore companies has become a crucial compliance step for foreign investors operating in the UAE. With the country’s evolving tax framework and growing emphasis on transparency, understanding how Offshore corporate tax registration in the UAE works can help businesses avoid penalties and maintain smooth operations.Whether you’re managing...
0 Commentarios
0 Acciones
942 Views
0 Vista previa
You can reclaim 85% of the VAT you paid through the VAT Refund in Dubai and the UAE. Importantly, this process does not incur the AED 4.80 fee per Tax-Free Dubai Tag. Furthermore, the VAT Refund Procedure automatically calculates the total refund amount, which helps ease the process for travellers and businesses. Overall, this scheme is designed to make it easier for visitors and residents to...
0 Commentarios
0 Acciones
175 Views
0 Vista previa
Accurate inventory records are essential for any business, whether you run a warehouse, retail outlet, or manufacturing unit. A Stock Audit ensures your books match the actual physical stock, helping you maintain control over your inventory and detect any discrepancies before they impact your finances.At Shuraa Tax, we understand the importance of maintaining accurate inventory records for your...
0 Commentarios
0 Acciones
251 Views
0 Vista previa
As the UAE continues to attract multinational enterprises (MNEs), tax complexities are becoming increasingly significant. With the introduction of Corporate Tax effective from June 1st, 2023, companies must comply with Transfer Pricing regulations to ensure transparency, fairness, and prevent double taxation.At Shuraa Tax, we provide Transfer Pricing Advisory Services in Dubai designed to help...
0 Commentarios
0 Acciones
320 Views
0 Vista previa
Running a construction business in the UAE comes with unique financial challenges, including managing project costs and supplier payments, as well as tracking labour expenses and equipment investments. That’s where accounting services for construction companies make a real difference. With the best construction bookkeeping, businesses can stay on top of their budgets, ensure accurate cost...
0 Commentarios
0 Acciones
310 Views
0 Vista previa
The DMCC audit deadline plays an essential role for businesses operating in the Dubai Multi Commodities Centre, ensuring each company maintains transparency and financial accountability. Under DMCC regulations, every licensed entity must submit its annual DMCC audit report prepared by an approved auditor.This isn’t just a formality; your audit filing confirms that your books are accurate,...
0 Commentarios
0 Acciones
643 Views
0 Vista previa
The UAE introduced corporate tax in 2023, marking a major shift for businesses across the country. This move aimed to align the nation with global standards and strengthen its rapidly growing economy. Since then, one key topic many businesses continue to ask about is corporate tax in mainland vs freezone companies.Although both operate under the same tax law, the rules differ. Mainland...
0 Commentarios
0 Acciones
503 Views
0 Vista previa
Documents required for VAT registration will be submitted to the Federal Tax Authority (FTA) via a web portal. To obtain the Tax Registration Number (TRN) for the firm, several conditions for VAT registration in the UAE must be met.If a company’s taxable supply and imports surpass the statutory registration level of AED 375,000, it must register for VAT. Furthermore, a company may...
0 Commentarios
0 Acciones
429 Views
0 Vista previa
The UAE has long been known as a tax-free business hub, attracting entrepreneurs and investors from across the globe. But over the years, things have changed – first with the introduction of Value Added Tax (VAT) in 2018, and then Corporate Tax in 2023. Even with these updates, the UAE still offers one of the lowest tax rates and most business-friendly environments in the world.In 2025,...
0 Commentarios
0 Acciones
501 Views
0 Vista previa
Chinese
English
Arabic
French
Portuguese
Deutsch
Turkish
Dutch
Italiano
Russian
Romaian
Portuguese (Brazil)
Greek