Corporate Tax Law The UAE’s new corporate tax law (CT ) will take effect on 1 June 2023 All businesses in the UAE (including Free Zone companies) are required to file tax returns with the Federal Tax Authority (FTA), irrespective of whether they are liable to pay any tax and even if they earn no…
Accounting and Bookkeeping In-house vs Outsourced Bookkeeping and accounting are two functions which are extremely important for every business organization. In the simplest of terms, bookkeeping is responsible for the recording of financial transactions whereas accounting is responsible for interpreting, classifying, analyzing, reporting, and summarizing the financial data. Bookkeeping and accounting may appear to be…