Why Cloud Accounting preferred- The Future of Accounting?
Is your company still using spreadsheets or desktop software for accounting? Well, it may be time that you consider upgrading to a cloud-based accounting system; Gone are the days of computerized accounting, the upgraded version of traditional accounting. Today cloud accounting has massively contributed to the way accounting operates in
Profit Margin Scheme under UAE VAT
Value Added Tax (VAT) is generally charged on the full value of goods and services. However, for businesses dealing in second-hand goods, antiques, and collector’s items and article 53 goods, charging VAT on the entire selling price can lead to tax cascading –where VAT is effectively charged multiple times on the same item. To address this,
Advance Pricing Agreements under UAE Corporate Tax
Advance Pricing Agreements under UAE Corporate Tax With the introduction of Corporate Tax in the UAE, transfer pricing compliance has become a critical area for businesses dealing with related parties. To provide certainty and reduce disputes, the UAE has introduced the Advance Pricing Agreement (APA) programme, a structured mechanism that allows
Mechanism for Calculating Sugar and Sweeteners in Concentrated Products
With the increasing regulation of sweetened drinks under the UAE Excise Tax regime, the Federal Tax Authority (FTA) has issued Decision No. 10 of 2025, introducing a standardised mechanism for calculating the percentage of sugar and other sweeteners in certain concentrated products. This Decision becomes particularly relevant where existing guidelines are unavailable or have been proven
New Rules for Excise Tax Deductions in the UAE
The Federal Tax Authority (FTA) has issued Decision No. 11 of 2025, introducing additional cases where Excise Tax already paid on excise goods may be deducted, along with specific controls and conditions for claiming such deductions. This Decision is effective from 1 January 2026 and is particularly relevant for manufacturers, warehouse keepers, and businesses dealing in excise goods, especially sweetened drinks and
Cabinet Decision No. 198 of 2025 Analysis of Amendments to the UAE Excise Tax
In a continuous effort to modernize the national tax framework, the UAE Ministry of Finance recently issued Cabinet Decision No. 198 of 2025. This decision introduces pivotal amendments to the existing Executive Regulation (Cabinet Decision No. 37 of 2017). Effective from January 1, 2026, these changes focus on enhancing procedural
