Mastering Accounting & Finance

How DNFBPs Can Conduct Effective AML Risk Assessments in the UAE In the UAE, the government has taken a strong stance against financial crime. Under Cabinet Decision No. 10 of 2019 and Federal Decree-Law No. 20 of 2018, Designated Non-Financial Businesses and Professions (DNFBPs) are required to implement robust Anti-Money Laundering (AML) practices and at […]

Bookkeeping or Accounting? When running a business in the UAE whether it’s a startup, a small trading firm, or a company in a Free Zone managing your finances effectively is critical. Yet, many business owners struggle to understand the difference between bookkeeping and accounting, and more importantly, which one they actually need. This guide will

Understanding the De Minimis Rule: Key to 0% Corporate Tax in UAE Free Zones If you’re a business registered in a UAE Free Zone, understanding the de minimis requirements is essential to maintain your Qualifying Free Zone Person (QFZP) status and enjoy the 0% corporate tax rate on eligible income. This blog serves as your

Understanding the Taxable Person Status Under UAE Corporate Tax Law The UAE introduced Corporate Tax effective from June 1, 2023. While many believe this tax only applies to companies, it also applies to individuals (called “natural persons”) who earn income through Business or Business Activities in the UAE. This includes freelancers, consultants, influencers, small business

Raqeeb Programme UAE: Report Tax Violations Confidentially and Earn Rewards In the UAE, the Federal Tax Authority (FTA) is responsible for ensuring businesses and individuals follow tax laws. But with thousands of companies operating across the country, monitoring every activity is no small task. This is where the Raqeeb Programme comes in. Launched by the