UAE Accounting Explained: From Bookkeeping to Taxes

Accounting and Bookkeeping

The minimum viable product should be something you are proud of when it is ready. Your pitch deck takes up your late nights. There’s a good chance that you don’t wonder, “Will my books balance?” at night. You need to find a technical cofounder or determine your cash runway before you […]

Reverse Charge Mechanism In UAE: How Does It Work?

    The UAE VAT Law states that the person making taxable supplies, i.e. the supplier, is responsible for levying, collecting and paying tax to the government. A registered supplier must charge VAT whenever he makes a taxable supply and pay VAT to the UAE government. The forward charge mechanism refers […]

The Holiday Season Is Here And so is The ESR Deadline

DEC21 ESR reminder

  One of the newest topics in the UAE business world is the Economic Substance Regulations which went into effect on 1st January 2019. However, despite passing a good time, firms and businesses are left with a dilemma because of inconsistent filings and different approaches used by different authorities. Consequently, UAE […]