Discover Trends Transforming Businesses With Crevaty

The landscape of business taxation in the United Arab Emirates (UAE) has undergone a significant transformation with the introduction of the corporate tax law. This new legislation has prompted small and medium-sized enterprises (SMEs) to reassess their tax strategies and ensure compliance.

Opening a bank account in the UAE is a crucial step for any business operating in the region. It provides a range of financial services that are essential for day-to-day operations, including receiving payments from customers, paying suppliers, managing salaries, and other financial transactions.

In today’s fast-paced business environment, cloud technology is playing a vital role in transforming the way small and medium-sized enterprises (SMEs) manage their accounting. By using cloud-based accounting solutions, SMEs in the UAE can streamline their accounting processes, reduce costs, and gain a competitive edge in the market.

Outsourcing the finance function has become an increasingly popular option for businesses looking to reduce costs, improve efficiency, and free up internal resources. In the UAE, many small and medium-sized enterprises (SMEs) are turning to outsourcing to help them manage their financial operations.

As a small or medium-sized enterprise (SME) in the UAE, managing your human resources (HR) can be a daunting task. From tracking employee information to managing payroll, HR operations require significant time and effort. This is where Human Resource Information Systems (HRIS) come in.

It is evident to all of us that the global pandemic has resulted in drastic changes in the world in different dimensions and this change has created a greater uncertainty about the future. Uncertainty is a risk, but it is also very exciting, isn’t it?

His Highness Sheikh Khalifa Bin Zayed Al Nahyan, President of the United Arab Emirates has issued the Federal Decree-Law No. 18 of 2022 on the Amendment of Some Provisions of the Federal Decree-Law No. 8 of 2017 on Value-Added Tax (VAT) effect on 1 January 2023 (Amended law). In accordance with the new law, many provisions have been amended.

Key commercial hub in the region, the UAE will introduce Corporate Tax (CT) in the middle of 2023, which contains transfer pricing regulations in order to be in par with international entities, as well as waiving red flag to Base Erosion and Profit Shifting (BEPS).

Key commercial hub in the region, the UAE will introduce Corporate Tax (CT) in the middle of 2023, which contains transfer pricing regulations in order to be in par with international entities, as well as waiving red flag to Base Erosion and Profit Shifting (BEPS).