BLOGS Accounting & Bookkeeping

Accounting & Bookkeeping

FTA’s VAT Administrative Exceptions in UAE
FTA’s VAT Administrative Exceptions in UAE

Businesses in the UAE sometimes cannot follow VAT procedures exactly. Systems change, contracts m...

Tax Invoice Under VAT in UAE
Tax Invoice Under VAT in UAE

A tax invoice is the basic proof of a taxable supply in the UAE. It shows what was sold, who was ...

How Owner Drawings Work in Sole Establishments (An...
How Owner Drawings Work in Sole Establishments (An...

In the UAE, a lot of sole establishment owners mistakenly treat business funds as a personal sala...

Profit Distribution Rules Across UAE Business Stru...
Profit Distribution Rules Across UAE Business Stru...

Profit distribution in the UAE depends entirely on your business structure. Learn how LLCs, priva...

FTA Audit Checklist for UAE Businesses | Simple St...
FTA Audit Checklist for UAE Businesses | Simple St...

A VAT audit in the UAE is a formal review of your tax returns and records by the Federal Tax Auth...

How to Calculate Excise Tax in UAE?
How to Calculate Excise Tax in UAE?

Excise feels small on paper but heavy when it comes to cash calculations. The excise tax in UAE p...

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