MOF Levy Federal Corporate Tax in UAE from June 2023

MOF Levy Federal Corporate Tax in UAE from June 2023 On 31st January 2022, the Ministry of Finance announced a federal corporate tax on business net profits that will take effect in June 2023. The taxes on corporate profits will be applicable to the financial year beginning on or after June 1, 2023. The regulatory […]

FTA Launches A New Excise Tax Reporting Requirement

On 22nd November 2020, the Federal Tax Authority (FTA) launched a new excise tax reporting requirement for business entities in the UAE. In this announcement, authorities stated that businesses need to submit an opening stock declaration from 1st January 2021 to 31st January 202, submissions will be accepted. The latest provision is especially for the […]

How to Find Best Auditing Services in Dubai?

Every business registered in the UAE must conduct an audit by following UAE laws to generate revenues. It verifies the books of records, due taxes and claimed refunds and many more other financial or non-financial matters. There are multiple types of audit such as Internal audit, external audit, Statutory audit, excise tax audit, Financial audit, […]