The Federal Tax Authority (FTA) of UAE has clarified penalties for taxpayers failing pay the due corporate tax for each month or part thereof shall be subject to a monthly penalty of 14 percent per annum. To avoid UAE corporate tax violation, businesses must pay their due corporate tax with in the deadline.
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In fast paced business environment, outsource accounting has become an important aspect of business, in fact it is a strategic choice for most of the companies in UAE. With the implementation of corporate tax regulation, VAT compliance and the increase in financial complexities..
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The UAE has introduced significant amendments to its VAT laws, exempting certain entities to boost its investment appeal and support continued economic growth. Among the changes, investment fund management services are now exempt from VAT.
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