A business’s net income is after all expenses, including taxes. Therefore, enterprises might need to minimize their taxation expenses to increase profit after tax figures. However, it is not as easy as we say. There is a need to strike a balance between compliance and ethics. In simple words, lowering taxation […]
Tax evasion and tax avoidance are two concepts widely used in taxation. Businesses or even individuals can save their tax liabilities through various techniques that are either tax evasion or tax avoidance. Even though these involve saving tax liabilities, there is a massive difference in terms of legality and ethical reflection. […]
With the introduction of a new corporate tax regime in the UAE, there are numerous taxation topics that are under debate. A very common topic is tax deductions. It is commonly known that not all expenses are allowed under corporate tax laws; however, it is not as simple as we say. […]