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 0 406 Blogs
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 0 367 Blogs
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 0 386 Blogs
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 0 358 Blogs
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 0 420 Blogs
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 0 410 Blogs
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 0 422 Blogs
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 0 405 Blogs
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 0 674 Blogs
finzoryx Understanding UAE Corporate Tax Registration Deadlines UAE businesses must register for Corporate Tax with the Federal Tax Authority (FTA) within specific deadlines outlined under law. These timelines vary depending on when your trade license was issued a... Jul 30, 2025 0 381 Blogs
Ghulam Qasim Will AI Replace Tax & Accounting Consultants? With the rise of tools like ChatGPT, many business owners and startup founders are asking: “Do I really need a consultant anymore, or can I just ask AI?” It’s a fair question — and one we get often at... Jul 29, 2025 0 383 Blogs
finzoryx Do You Really Need to Register for VAT in the UAE? Let’s Clear the Confusion Value Added Tax (VAT) in the UAE has been around since 2018, yet many business owners still find themselves confused — “Do I need to register?” “What if I am under the threshold?” “What if I only sell... Jul 28, 2025 0 412 Blogs