Author name: Consultzone

Corporate tax audits are essential to maintaining a company’s financial integrity. They ensure compliance with tax regulations and foster transparency in financial reporting. These audits involve a meticulous review of a company’s financial records and tax filings by relevant authorities to verify the accuracy of declared income, deductions, and payments.  While audits can sometimes create […]

Setting up a mainland business in Dubai is, therefore, a strategic step by the entrepreneurs towards tapping into the prosperous economy of the UAE. Mainland businesses offer the flexibility to operate all over the UAE and hence are allowed to operate on government contracts. The advantages of setting up a mainland business in Dubai are

The UAE has evolved as one of the most popular destinations for the international business community in recent years. Backed by world-class infrastructure, and powerful government initiatives, the United Arab Emirates attracts entrepreneurs and businesses from the world over. The country’s tax-free status undoubtedly has played a key role in this growing popularity. The UAE

The United Arab Emirates has for decades now been a strategic location for global business setups, including startups. The rise of the country as a commercial hub has largely been due to its world-class infrastructure, and the tax-free ecosystem. In 2018, the country introduced VAT and in 2023, the much talked-about Corporate Tax rate system

The world of UAE corporate tax is ever-evolving, making it crucial for businesses of all types and scales to understand it as never before. The UAE Ministry of Finance (MoF) introduced the UAE Federal Corporate Tax (CT) on January 31, 2022, and it became effective on June 1, 2023. Launching these new corporate tax regulations

Do you understand how timely tax registration can benefit your business?  In the UAE, corporate tax registration is crucial for businesses as it not only helps meet the legal requirements of the land but also ensures a healthy business ecosystem. Corporate tax registration in the UAE entails meeting specific timelines. Businesses must understand these timelines

The UAE Corporate Tax Law provides a unique structure for resident companies to consolidate their tax liabilities by registering as a Tax Group. The basis of this provision is Article 40 of the Corporate Tax Law, where at least two or more resident companies can register with the authorities as a single taxable person. On

Corporate tax rates do not affect business settings and investment choices. They are also closely tied to more significant economic trends. They act as signals of government strategies showcasing priorities like revenue collection, economic expansion and societal well-being. The variation in tax rates among regions reflects changes in economic ideologies transitioning from the era of

Dubai is becoming a lucrative hub for entrepreneurs, and myriad perks are associated with setting up a business in the region. Business is doing well throughout the United Arab Emirates, supported by the benefits the UAE Free Zones provide professionals. These areas are beautiful because of their tax advantages, freedom to repatriate capital and earnings,

Businesses are like marriages. As in the case of a marriage, you make an informed decision taking into consideration even minute details right from your nature and cultural compatibility to your would-be partner to your would-be in laws and their upbringing and environment. So is the case with setting up a business where you will