The UAE Economic Substance Regulations – How does it affect you.

The European Union, in March 2019, added UAE in their blacklist of non-cooperative tax jurisdiction, due to which Cabinet of Ministers passed resolution No. 31 of 2019 concerning Economic Substance Regulations. However, thanks to ESR, EU has now removed UAE from the blacklist. Economic Substance Regulations are set in place to […]

What is a Tax Agency and why is it vital for your business compliance?

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  Whether you are new to doing business in the UAE or not, you surely know that there are rules to follow and laws to understand in order to operate your business as smoothly as possible without unnecessary interruption.   The Value Added Tax (VAT) is still relatively new in the […]

Reconsideration: A time bound opportunity

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  Have you ever felt that you might have been wrongly penalised? Are you not satisfied with the Federal Tax Authority (FTA) decision? If yes, then CREATIVE ZONE Tax & Accounting can help you file a reconsideration form to request a review of the FTA’s decision.   Although FTA has multiple […]