Mostafa Nabil Everything You Need to Know About e-Invoicing in the UAE Introduction As the UAE moves towards a digital economy, the Electronic Invoicing System (e-Invoicing) has become mandatory for many businesses and government entities. This system not only ensures ta...
Mostafa Nabil Updated UAE VAT Penalties: What Businesses Must Know (2025 Official Update) 1. Overview of VAT Penalties VAT penalties are imposed in addition to the payable tax . They are designed to encourage timely registration, accurate reporting, and on-time payment. Penalties vary base...
Mostafa Nabil Avoid Costly VAT Mistakes: Understanding the Importance of Accurate VAT Filing in the UAE Small VAT Mistakes Can Lead to Big Penalties Even a small VAT mistake can cost a business over AED 3,000 in administrative fines. Common causes include late VAT filing , incorrect data entry, or misin...
Mostafa Nabil UAE VAT Updates 2025: What SMEs Must Know to Stay Compliant đź“Ś Key Amendments to VAT Executive Regulations The Federal Tax Authority (FTA) issued Public Clarification No. 40, introducing updates under Cabinet Decision No. 100 of 2024. These changes affect how b...
Mostafa Nabil Corporate Tax Filing Deadline Passed in UAE: Avoid Penalties with Professional Guidance Stay Compliant with UAE Corporate Tax – Deadline Update The Federal Tax Authority (FTA) of the UAE has recently emphasized the critical importance of timely corporate tax filing and payment . As of to...
Mostafa Nabil Arm’s Length Principle in UAE Corporate Tax: A Complete Guide for Businesses What Is the Arm’s Length Principle in UAE Corporate Tax? The Arm’s Length Principle (ALP) is a fundamental rule in the UAE Corporate Tax regime. It requires that transactions between related parties—s...
Mostafa Nabil Shareholder Remuneration and Corporate Tax (CT) in the UAE: A Complete Guide for Businesses With the UAE introducing Corporate Tax (CT) from June 1, 2023 , companies need to carefully manage shareholder remuneration to stay compliant and optimize their tax position. Understanding how salarie...
Mostafa Nabil Why Accounting Software is Essential for Businesses in the UAE Running a company in the United Arab Emirates (UAE) today requires more than just good products or services—it requires compliance, efficiency, and financial accuracy. With the introduction of Corpora...
Mostafa Nabil Year-End Closing Checklist for UAE Businesses: Are You Ready? As the financial year comes to an end, UAE businesses—whether large corporations or small startups—need to ensure their accounts are accurate, compliant, and ready for a fresh start in the new year. A...
Mostafa Nabil Cash & Petty Cash Management in UAE Businesses: Tips for Financial Control and Growth Effective cash and petty cash management is essential for UAE businesses , whether you run an SME or a startup. Managing day-to-day cash flows properly ensures operational efficiency, financial contro...
Mostafa Nabil Small Business Relief vs. Loss Relief in UAE Corporate Tax: Which Should You Choose? With the introduction of Corporate Tax (CT) in the UAE, business owners are looking for the smartest way to optimize their tax position. Two of the most important relief options available are: Small B...
Mostafa Nabil 5 Accounting Mistakes UAE Startups & SMEs Make (And How to Avoid Them) Running a startup or SME in the UAE is exciting, but financial mismanagement can quickly become a major obstacle. Even small errors in bookkeeping, VAT filings, or payroll can lead to fines, cash flow...