TaxReady insights
67 articles / page 4 of 8
Practical guidance on UAE tax, accounting, reporting and business compliance.
Need to create a VAT-compliant invoice in the UAE but unsure about the exact format? You’re not alone. Thousands of businesses face penalties each year (up to AED 2,500 per invoice) simply because they missed a mandatory field or used the wrong invoice type. This guide provides everything you need: ready-to-use inv…
The United Arab Emirates introduced Value Added Tax (VAT) in January 2018 at a standard rate of 5%. However, certain transactions qualify for zero-rating, a special category that offers significant financial advantages while maintaining full VAT system participation. Zero-rated supplies in the UAE remain widely mis…
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 Tax Clearance Certificate in the UAE is an official confirmation issued by the Federal Tax Authority that a taxpayer has no outstanding federal tax liabilities at the time of issuance. Authorities, banks, and buyers commonly request it during company liquidation, VAT deregistration, corporate tax exit events, and…
The Federal Tax Authority (FTA) imposes a VAT late payment penalty in the UAE when a business fails to pay its VAT on time. From 1 January 2026, the UAE replaced the previous percentage-based VAT late payment penalties with an interest-based framework. Unpaid VAT is now subject to interest calculated at an annual r…
VAT deregistration in the UAE must be submitted to the FTA within 20 business days when a business stops taxable activities or annual turnover drops below AED 187,500. Failure to apply on time triggers penalties starting at AED 1,000, escalating to AED 10,000. This guide walks you through every FTA requirement, fro…
Running a business in the UAE means staying sharp on finances. Whether you’re launching a startup or growing an SME, keeping your books accurate is essential. That’s why outsourcing bookkeeping in the UAE has become a go-to solution for saving costs, improving efficiency, and accessing expert support. Signs It’s Ti…
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 […]
In the UAE’s VAT system, tax credit notes are essential tools that help businesses correct the value of a previously issued tax invoice. They apply when goods are returned, discounts are agreed after invoicing, or VAT has been misapplied. This article explains what tax credit notes are, when businesses must issue t…
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