TaxReady insights
9 articles
Practical guidance on UAE tax, accounting, reporting and business compliance.
Direct and indirect tax in the UAE now shape how companies price sales, record profit, recover input tax, and plan for growth. Direct tax applies mainly to business profit through corporate tax and, for some large multinational groups, top-up tax. Indirect tax applies to transactions through VAT and, in certain sec…
Deferred revenue and deferred expenses in the UAE often cause confusion because cash, revenue, and tax do not move at the same time. A business may receive payment today, recognize revenue later, and trigger VAT at a completely different point. To manage this correctly, it is essential to understand when customer c…
UAE excise tax is a federal indirect tax applied to specific goods such as tobacco products, vaping devices, energy drinks, and sweetened beverages. The tax is administered by the Federal Tax Authority through the EmaraTax platform and becomes payable when excise goods are imported, produced, or released for consum…
An FTA reconsideration request allows taxpayers in the UAE to formally challenge any decision issued by the Federal Tax Authority, including decisions related to Corporate Tax, VAT, Excise Tax, and administrative penalties. Under Article 29 of Federal Decree-Law No. 28 of 2022 on Tax Procedures, you must file your…
Gold taxation in Dubai depends on whether you are buying jewellery, trading investment-grade bullion, or investing as a UAE tax resident. You’ll pay 5% VAT on gold jewellery and retail purchases in Dubai. But here’s the kicker, investment-grade gold (99% pure or higher) gets zero VAT in business-to-business transac…
A Power of Attorney (POA) in the UAE is a notarized legal document that allows a person or business to act on your behalf in tax, legal, or corporate matters. Notarization is mandatory for legal validity. It must be in Arabic or bilingual and signed before a UAE notary. While TaxReady.ae does not issue or […]
Ultimate Beneficial Ownership (UBO) in the UAE identifies the natural person who ultimately owns or controls a company. Under Cabinet Resolution 58 of 2020, amended by Resolution 109 of 2023, every business must maintain a UBO register, file a UBO declaration, and update any change within 15 days. What Is an Ultima…
The ICV certificate is an official document issued under the UAE’s National In-Country Value (ICV) Program by the Ministry of Industry and Advanced Technology (MoIAT). It certifies a company’s contribution to the UAE economy through local spending, Emiratization, investment, and innovation, and is essential for com…
A Tax Residency Certificate UAE is an official document issued by the Federal Tax Authority (FTA) confirming an individual’s or company’s status as a UAE tax resident. It enables applicants to benefit from the UAE’s 146 Double Taxation Avoidance Agreements (DTAAs), securing treaty benefits and preventing double tax…
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