finzoryx Understanding the Reverse Charge Mechanism (RCM) Under UAE VAT: What Businesses Must Know In the UAE VAT system, the Reverse Charge Mechanism (RCM) plays a critical role in ensuring that VAT is properly accounted for when goods or services are purchased from abroad or from suppliers not re... Oct 6, 2025 0 394
finzoryx Disclose the Right Revenue Under Small Business Relief – Don’t Confuse Profit with Revenue! Many startups and small business owners in the UAE are rushing to file under Small Business Relief (SBR) — after all, it’s a lifesaver if your annual revenue is below AED 3 million. But here’s the cat... Sep 26, 2025 0 243
finzoryx 0% VAT on Export of Services in the UAE – Rules, Conditions, and Examples Under the UAE VAT Law, the general rule is that services supplied in the UAE are subject to 5% VAT . However, certain service supplies can be treated as exports and qualify for the 0% VAT rate . This ... Sep 22, 2025 0 1686
finzoryx Understanding Place of Supply for VAT in the UAE Understanding the place of supply is fundamental to ensuring correct VAT treatment in the UAE. It determines whether a transaction is subject to UAE VAT, treated as outside the scope, or considered an... Sep 15, 2025 0 300
finzoryx UAE Free Zone Corporate Tax Rules 2025: Key Updates and Business Impact The UAE’s Ministry of Finance has just announced Ministerial Decision No. 229 of 2025 , replacing the 2023 framework. This update brings greater clarity and flexibility for Free Zone companies, especi... Sep 8, 2025 0 271
finzoryx Entertainment Expenses under UAE Corporate Tax: Employees vs. Clients Entertainment costs — such as business dinners, staff parties, or hospitality — often cause confusion for founders and finance managers. Are they deductible for Corporate Tax purposes? The UAE Corpora... Aug 31, 2025 0 279
finzoryx 0% Corporate Tax in the UAE for Qualifying Free Zone Persons The UAE has introduced Corporate Tax with effect from 1 June 2023 under Federal Decree-Law No. 47 of 2022 on the Taxation of Corporations and Businesses . While the standard corporate tax rate is 9% ,... Aug 24, 2025 0 263
finzoryx Free Zone vs Designated Free Zone: Understanding VAT Treatment on Goods When it comes to UAE VAT, many founders and businesses assume that operating in a Free Zone automatically means “tax-free.” This is a common misconception. In fact, the VAT treatment of goods depends ... Aug 20, 2025 0 298
finzoryx Tax Invoice Requirements in the UAE: Are You Doing It Right? One of the most common mistakes we still see among businesses in the UAE is the incorrect use of tax invoices. Some companies that are not VAT registered continue to issue invoices showing “VAT” or ev... Aug 18, 2025 0 281
finzoryx Partner Withdrawals in the UAE: Salary, Drawings, or Management Fee? When you’re a partner in a UAE company and hold an investor visa , withdrawing money from the business works differently compared to employees on an employment visa. You are not required to be on the ... Aug 13, 2025 0 308
finzoryx Small Business Relief in UAE Corporate Tax: Who Gets It and How to Claim It Since the UAE introduced Corporate Tax, many small business owners and solo founders have been asking: “Do I really have to pay tax if I barely make AED 1 million a year?” The good news is: Not necess... Aug 5, 2025 0 303
finzoryx Understanding Record Keeping Requirements in the UAE: What Every Business Needs to Know In the evolving tax landscape of the UAE, maintaining proper records is not just good practice — it's a legal requirement. The Cabinet Decision No. (74) of 2023, on the Executive Regulation of Federal... Aug 2, 2025 0 576
