Free Zones of UAE and UAE Corporate TAX

Understanding the Distribution of Goods taxability   Qualifying Activities generate Qualifying Income, Qualifying Income makes a Free Zone Person as a Qualifying Free Zone Person and then only automatic eligible for 0% Corporate Tax Rate, whether the transaction is with another Free Zone entity or Non-Free Zone entity. One of the 13 Qualifying Activities is:… Continue reading Free Zones of UAE and UAE Corporate TAX

Backlog Accounting – A Vital Practice for Business Success in the UAE

Understanding Backlog Accounting   Definition and Scope: At its core, backlog accounting refers to the methodical process of reconciling and documenting financial transactions that have accumulated over a certain period but have not been processed in real-time. This encompasses a variety of financial entries such as invoices, expenses, and other monetary transactions that were delayed… Continue reading Backlog Accounting – A Vital Practice for Business Success in the UAE

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