In our business structures in South Africa guide, we’ve explained the different types of company formations that are legal in South Africa. In this article, we will talk mainly about sole proprietorship. This includes, what it means, how to register for it, and the several technicalities surrounding it. So let’s get started with our South…
If you’re new to the business scene in South Africa and find yourself scratching your head over all the different legal business structures and their consequences, starting a new business can feel like a pretty daunting task. You see, before you even dive into the nitty-gritty of running a company, the very first step is…
A tax invoice is like a detailed receipt given by a seller to a buyer. It shows what was purchased, its price, and the necessary tax information. This document is crucial for proper tax reporting. As VAT is the major tax in the UAE, in this article, we’re going to understand what a tax invoice…
Previously, in our UAE corporate tax guide, we’ve talked about what corporate tax in the UAE is and how it works. In today’s UAE corporate tax guide, we’ll learn how you can calculate it as a business owner. If you’re a business owner in the UAE, it’s crucial to know how to calculate your UAE…
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…