Blog - Professional Accountants and Auditors

Understanding UAE Corporate Tax Law PAAC

UAE Corporate Tax

Posted on May 30, 2023
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Understanding UAE Upcoming Corporate Tax Law

Introduction: UAE has long been known as a business-friendly hub, attracting both local and international companies with its favorable tax environment. However, a significant development in the form of the UAE Corporate Tax Law is set to change the landscape. With its implementation slated for 1 June 2023, businesses operating in UAE will now be […]

Business

Posted on November 17, 2019
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PLANNING TO SET UP A BUSINESS IN A FREE ZONE

There are several differences between a mainland and a free zone. The main differences lie in the nature of ownership, extent of liability, involvement of UAE nationals as partners or agents and nature of trade and economic benefits that can be reaped. If you do not wish to partner with a UAE national or you [...]

Business

Posted on July 17, 2019
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PLANNING TO SET UP A BUSINESS ON THE MAINLAND

This section provides information about planning a business on the mainland in the UAE. Benefits of setting up a business on the mainland There are many benefits of setting up a business on the mainland. Some of them are: Flexibility to do business in any part of the UAE No limit on number of visas [...]

Posted on July 17, 2019
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UNITED ARAB EMIRATES ECONOMIC OUTLOOK

The non-oil sector continues to look sprightly: The PMI rose in October on the back of higher new orders at home and abroad, with employment increasing for the 18th straight month. However, as is the case across the Gulf region, oil production cuts have dented overall economic growth. In early November, the cabinet approved the [...]

Posted on January 9, 2017
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VAT BLOG

Finally VAT is here: According to the executive regulations on value added tax (VAT), the mandatory registration threshold is AED 375,000. This means that anyone with a turnover of AED 375,000 or more is required to register their business for VAT, the Federal Tax Authority (FTA) and Ministry of Finance (MoF) said in the recently [...]