Mastering Accounting & Finance

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

Taxable Income is Determined Under UAE Corporate Tax Law 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

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

Guide to VAT Deregistration When running a business in the UAE, you may at some point need to cancel your VAT registration. This is known as VAT deregistration. The Federal Tax Authority (FTA) has set clear rules and processes for businesses to follow, making sure everything is smooth, transparent, and supported by digital services through

UAE Corporate Tax: File Before the September 30, 2025 Deadline The UAE’s corporate tax regime has introduced a new compliance landscape for businesses across the country. With the first corporate tax return due by September 30, 2025, for companies following the January–December financial year, staying compliant is now more important than ever. This article highlights