The Importance of Tax Registration Number (TRN) In The UAE As of 09 November 2022 by AccountAbility Team INTRODUCTION On January 1, 2018, the introduction of VAT brought in a new era of economic change in the taxation system in the UAE. Since then, the companies that are operating in the GCC (Gulf Cooperation Council) are subject to …
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The Various Types of VAT Services in the UAE As of 09 November 2022 by AccountAbility Team When it comes to running a business, there are a lot of moving parts – and taxes are one of the most important aspects to consider as it is mandatory for certain companies that fall within the threshold to comply …
The New UAE Corporate Tax Regime Highlights As of 09 November 2022 by AccountAbility Team The UAE continues to draw business owners and entrepreneurs from around the world, as its advantageous tax benefits prove highly attractive. As of June 1st, 2023, corporate taxes for businesses that meet specific criteria in the Emirates will be set …
The Amendments to the VAT Law in the UAE As of 09 November 2022 by AccountAbility Team The Value-Added Tax (VAT) system is constantly changing and evolving in the UAE. Therefore, it is very important to know any amendments that may occur and affect the business processes. Effective January 1, 2023, there have been specific modifications to …
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