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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  

What Is Cost-Volume-Profit (CVP) Analysis?   Cost-Volume-Profit (CVP) Analysis is a financial planning tool used by businesses to understand the relationships between costs, sales volume, and profits. This analytical technique helps managers make informed decisions about pricing, production levels, and resource allocation. CVP analysis is based on several key assumptions and concepts: Fixed and Variable

As Dubai cements its position as a global business hub, maintaining financial accuracy and compliance is no longer a luxury—it’s a necessity. Audit firms play a pivotal role in helping businesses adhere to UAE corporate tax laws, navigate VAT regulations, and manage financial risks effectively. In this article, we uncover Dubai’s top 30 audit firms,

If you’re considering doing business in the UAE, understanding corporate tax registration costs is crucial. With the introduction of a corporate tax in the UAE, businesses must navigate a new tax landscape that can impact their profitability and operations. In this blog, we’ll break down everything you need to know about the corporate tax registration

Introduction   In the world of corporate finance, recapitalization stands out as a vital strategy for businesses seeking financial stability, growth, or restructuring. Whether you’re an entrepreneur, a CFO, or a curious reader, understanding recapitalization can provide key insights into how companies adapt to financial challenges. But what does recapitalization really mean, and why is