First year of VAT in the UAE: 5 tips to safeguard your business from penalties

5 tips to safeguard your business from penalties

  The introduction of Value-Added Tax (VAT) in the UAE is part of the government’s strategy to diversify its revenue source, secure its national fund for the improvement of public services, and to reduce its dependence on oil.   The Federal Tax Authority (FTA) released a statement confirming that the number […]

Why bookkeeping should be a top priority for your business

CZTA_Blog-January-UAE-VAT-2019

The role of bookkeeping is equally important as running a business on a day-to-day basis. Perhaps, even more of a crucial role especially for startups that are still under a controlled and limited budget to work on. Not all entrepreneurs realise that organised financial records are an indispensable aspect of business that […]