In the United Arab Emirates (UAE), a normal invoice is a document that a business issues to its customers for the sale of goods or services. A normal invoice typically includes the name and address of the business, the date of the invoice, a unique i...
Read More
In the United Arab Emirates (UAE), a simplified tax invoice is a document that a registered business issues to its customers for taxable supplies of goods or services. The simplified tax invoice must include the following information: Name, address, ...
Read More
Here is a general overview of the requirements for setting up an LLC with two directors in the different free zones in Dubai: Dubai Airport Free Zone (DAFZA): A minimum of two directors is required to set up an LLC in DAFZA. The directors must be nat...
Read More
Here are 10 key points to consider while setting up a business in Dubai: Choose a suitable business structure: It is important to choose a business structure that is appropriate for your business and aligns with your business goals and objectives. Ch...
Read More
The cost of forming a limited liability company (LLC) with two directors in Dubai mainland and the various free zones in Dubai can vary significantly, as it is influenced by a number of factors, such as the business activity you choose, the location ...
Read More
There are many business setup consultants in Dubai who can assist you with the process of setting up a business in the city. Here are a few examples: Taxhelp.ae: Taxhelp.Ae is a global business consulting firm that offers a range of services to help ...
Read More
A limited liability company (LLC) is a type of business structure that is popular in Dubai, as it offers the benefits of limited liability protection to the owners of the company. Here is a general overview of the process of forming an LLC in Dubai m...
Read More
Setting up a business in Dubai can be a complex process, as it involves various legal and administrative steps that must be completed. Here are the general steps that you will need to follow to set up a business in Dubai: Choose a business structure:...
Read More
The Economic Substance Regulations (ESR) in the United Arab Emirates (UAE) are a set of rules that were introduced in 2019 to ensure that companies operating in the UAE have economic substance in the country. The ESR apply to a range of companies tha...
Read More
The United Arab Emirates (UAE) is a thriving hub for business development, attracting both local and foreign investors. This is due to the country’s proactive government, favorable economic policies, and entrepreneurial culture. The UAE also of...
Read More
The cost of business registration in the United Arab Emirates (UAE) can vary depending on a number of factors, including the type of business structure you choose, the location of your business, and the sector in which you operate. Here are some esti...
Read More
here are more than 40 free zones in the United Arab Emirates (UAE). Free zones are special economic areas in the UAE that offer tax-free and regulatory-free environments for businesses. Companies operating in free zones are required to have 100% fore...
Read More
There are several options for business registration in the United Arab Emirates (UAE). These options include: Limited liability company (LLC): LLCs are the most common type of business structure in the UAE. They are similar to corporations in other c...
Read More
The United Arab Emirates (UAE) is a popular destination for entrepreneurs looking to start a business, thanks to its favorable business environment and strong economic growth. The country is home to a diverse range of industries, including finance, t...
Read More
Value Added Tax: Value-added tax (VAT) is a type of consumption tax that is levied on the sale of goods and services. It is a tax on the value added to a product or service at each stage of the supply chain, from production to final sale to the consu...
Read More
The simple answer to is VAT applicable on services in UAE is, Yes VAT (Value Added Tax) is applicable. Let us now understand in detail about applicability of VAT. What is VAT? The Federal Tax Authority official website has defined VAT as: “Valu...
Read More
Looking for Reliable Value Added Tax Consultant in Dubai we at taxhelp.ae offer complete range of advisory services at affordable prices.
Read More
This article explains how VAT is charged on sale of Fixed Assets in UAE. Capital Asset Scheme is also defined.
Read More
This articles explains the process to obtain tax residency certificate in uae
Read More
The Income statement is one of the most important part of financial reporting or financial statements of an Organization. This is the statement that reflects the profits and Losses Company has made over a specified period of time. The basic concept o...
Read More
Taxhelp.Ae in Partnership with Digits Financial Solutions offers reliable Internal Audit Services across UAE. A reliable Internal Audit not only make positive contribution to the effective management of organization but also help them identify on tim...
Read More
This is the first video of accounting for beginners series. In this video we have explained what is accounting equation? What are Assets, Liabilities and Equity. For complete videos subscribe to our You Tube Channel. Video Tutorial – Accounting...
Read MoreIn this Video we have explained in detail about what is value added tax? and how it works? This is the first video of value added tax education series. Subscribe our you tube channel for more videos.
Read More
Before explaining in details let us understand one very important point that is VAT implications will only arise where the consideration paid is as a result of supply of goods and services. No supply no VAT and the transaction will fall outside the s...
Read More
Before going to the discussion let’s understand when VAT is applicable. VAT is a tax that is imposed on import or supply of goods and services. Or in other words in order for an income VAT is applicable only when it is in return of some supply of Goo...
Read More
Why it is important to determine date of supply for independent directors? The answer to the question is very simple because VAT needs to be accounted for in the same month or quarter where the date of supply falls. Possible Scenarios: Director Free ...
Read More
Article will explain in detail about VAT treatment of farm houses and Farm land for the purpose of understanding. Tax Treatment of Different Types of Land: Bare land – Tax Treatment : Exempt from VAT – Article 52 of Cabinet Decision 0f 2017 Residenti...
Read More
Relevant Section of Law: Article 34 of the Cabinet Decision No. 52 of 2017: Certain means of transport The supply of the means of transport shall be subject to the zero rate in the following cases: A supply of an aircraft that is designed or adapted ...
Read More
Relevant Section of law: Article 59 of Cabinet Decision No. 52 of 2017: Tax Invoices Summary: In all cases where taxable supply is made it is mandatory to issue tax invoice. There are two type of tax invoices acceptable. (i) Normal Tax Invoice (ii) S...
Read More
Relevant Section of Law: Article 53 of the Cabinet Decision No. 52 of 2017: Non Recoverable Input Tax Summary: VAT on Incidental or Genuine Entertainment expenses is recoverable. Whereas if the hospitality itself becomes an end itself or reason to at...
Read More
Federal Tax Authority issued Public clarification regarding use of exchange rate that was a question of great concern for business engaged in import and export activities: Relevant Reference to the Law: Article 69 of Federal Decree-Law No. (8) Of 201...
Read More