The demand for revision in the definition of MSME has been pending for a long. The low threshold in MSME definition has created a fear among MSMEs of graduating out of the benefits and hence killing the urge to grow. The new MSME registration process and definition have been simplified, clearing away any previous fears…
The United Arab Emirates (UAE) has long held a reputation for its attractive zero-tax policies, drawing businesses and workers from all corners of the world. However, in recent times, the UAE has made a noteworthy shift in its fiscal strategy. This is because of the new introduction of UAE corporate tax. This decision is seen…
UAE VAT is the only major tax that the United Arab Emirates has. VAT, or value-added tax, is a very popular form of tax type which is used in many countries. This article is all about how to file returns for UAE VAT. The UAE government has special provisions, under which UAE VAT returns can…
Wondering how the VAT system works in the UAE? You’ve landed in the right place, as VAT in UAE involves a learning curve to understand fully. This is a comprehensive blog on what VAT is and how it operates in the UAE. We also discuss VAT in UAE from a federal perspective and discuss the…
The United Arab Emirates (UAE) has a rather complex business structure. Unlike the simple four business structures in Australia, the UAE has eleven in total. Apart from the 11 legal forms of business in UAE, there are three more jurisdiction-based company structures. In this article, we will discuss all the 11 business structures and the…
Quickbooks is a well-known software for accounting. Other software adheres to the needs of a particular business perfectly or is simply better. In this article, we will explore the Quickbooks alternatives in UAE and comment on their relevance to your business. About Quickbooks Quickbooks is not restricted to a particular range of business models…
Handling accounts after the birth of VAT has been a difficult task for businesses in the UAE. What is the solution then? An accounting software. Accounting software manages all of your needs in one place over a remote or cloud environment. They are easy to operate, always available, and generally procurable. This…
Being a business owner is a big deal, no matter where you are in the world. Having said business in UAE the ultimate business hub of the world is an altogether different pride. There are so many aspects of a business a business owner has to worry about, the most important aspect is none other…
If you’re running a business in Australia, you’ve probably heard of the Business Activity Statement, or BAS for short. It’s not just another piece of bureaucratic jargon; it’s a crucial part of managing your finances. BAS is like a financial report card that Aussie businesses must submit regularly to the Australian Taxation Office (ATO). In…
Australia has a rather simple business structure. Unlike the rather complex 11-type business structures of UAE, Australia only has four main types of companies that can be formed. In this article, we will talk about all four of these business structures, how they operate and what are tax systems surrounding them. So let’s get right…