From June 1, 2023, the UAE is going to introduce corporate tax. Under the current guidelines, businesses that earn taxable profits of over AED 375,000 will pay 9% corporate tax. However, businesses with annual taxable income of less than AED 375,000 will have 0% corporate tax. In order to become an […]
The UAE has always been famous for its business-friendly policies. These policies attracted a heavy amount of foreign investment from large multinational corporations and investors. However, in order to diversify income sources other than tourism and oil, the UAE is implementing a new corporate tax (CT) from June 1, 2023. Federal […]
Financial forecasting and budgeting are both important tools for businesses to manage and allocate resources efficiently. If a business predicts future performance correctly and allocates resources properly as per budget, it can make well-informed decisions. In a growing and continuously changing economic environment, like that of the UAE, financial forecasting and […]