Author name: Pro Tax Accountant

Businesses operating in the UAE and registered for VAT must follow specific compliance requirements set by the Federal Tax Authority (FTA). However, when certain conditions are met, businesses can deregister from VAT. In this guide, we’ll explore the VAT deregistration threshold, VAT deregistration requirements, VAT deregistration process, and penalties for non-compliance. What is VAT Deregistration? […]

As a business owner, understanding tax losses and how to manage them effectively can have a significant impact on your financial strategy. If your company faces a bad year and incurs a tax loss, the good news is that you might be able to carry these losses forward to offset future taxable income. This blog

At Pro Tax Accountant, we understand the importance of maintaining compliance and fairness in business transactions, especially when dealing with related parties. One of the key principles guiding such transactions is the arm’s length principle. In this blog, we’ll break down the concept, its relevance, and how it impacts your business operations. What Is the

Navigating the complexities of corporate tax in the UAE starts with one critical calculation: determining taxable income. For businesses, understanding this process is essential to ensuring compliance with tax laws and avoiding costly errors. In this guide, we’ll break down everything you need to know about taxable income, as outlined in the “Determination of Taxable

Gross profit is a fundamental financial metric that shows how much money a company makes from its core business operations after subtracting the direct costs associated with producing its goods or services. It’s essentially the difference between a company’s revenue and its cost of goods sold (COGS). Why Gross Profit is Important for Businesses