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All legal entities in the UAE having a taxable turnover of AED 375,000 or more in last 12 months must register for VAT and avail the TAX Registration Certificate.  The standard rate of VAT in the UAE is 5%, also some transactions are zero rated and some transactions are exempted from VAT. Generally, VAT is[...]

VAT Registration UAE Individuals and businesses making a taxable supply of AED 375,000 or more in the last 12 months will need to register for VAT in the UAE within 30 days from the date of achieving such turnover. This is a mandatory requirement and not registering for VAT within the required time will attract[...]

Accounting tracks revenue and expenses. Aside from monitoring the company’s finances, an accountant must provide strategic financial guidance. Bookkeeping services keep track of financial transactions and create financial statements including balance sheets and income statements. Outsourcing Bookkeeping and Accounting Services have a number of advantages, according to many executive directors. Importantly, providing such services should[...]