Mastering Accounting & Finance

UAE e-Invoicing Initiative: A New Step Toward Smarter Business and Compliance The United Arab Emirates (UAE) has always been at the forefront of innovation and modernization — from smart cities and digital payments to advanced government services. Continuing this journey, the government is now introducing the UAE e-Invoicing Programme, a national system that aims to […]

How Tourists Can Claim VAT Refunds and Shop Tax-Free in the UAE The United Arab Emirates (UAE) is one of the world’s most popular destinations for shopping. From luxury brands and gold jewellery to electronics and traditional handicrafts, the country offers something for every traveller. Since the introduction of Value Added Tax (VAT) in January

Your Business Guide to UAE Anti-Money Laundering (AML) Compliance Money laundering is a global challenge, and the UAE, being a leading financial hub, takes it very seriously. To fight money laundering and the financing of terrorism, the UAE has strict Anti-Money Laundering (AML) and Counter-Terrorism Financing (CTF) regulations. If you run a business, especially in

When the UAE introduced Corporate Tax from the financial year starting June 2023, many businesses started asking one key question: 👉 How do I know what part of my income is actually taxable? The answer lies in understanding Taxable Income. It is not the same as your accounting profit. Instead, it is calculated by starting

UAE Corporate Tax Penalties The United Arab Emirates (UAE) introduced corporate tax through Federal Decree-Law No. 47 of 2022, bringing a major shift in business operations. To ensure compliance and transparency, the UAE government has established administrative penalties for businesses that fail to meet tax obligations. These penalties are designed to encourage businesses to register