UAE VAT FILLING
UAE VAT Filing: A Complete Guide for Businesses in the UAE (2025) Since the introduction of Value Added Tax (VAT) in the United Arab Emirates in January 2018, UAE VAT filing has become one of the most important compliance requirements for businesses across the country. Whether you run a small trading company or a large […]
What is Backlog in Accounting
What is Backlog in Accounting? | Meaning, Causes & How to Manage It In the world of finance and business, accuracy and timeliness are everything. One common challenge faced by many companies—especially small businesses and startups—is the accounting backlog. But what is backlog in accounting, and why is it important to address it promptly? In […]
Best Accounting Practices
Best Accounting Practices for E-commerce Businesses in Dubai The e-commerce industry in Dubai has experienced rapid growth in recent years, fueled by a strong digital infrastructure, a thriving consumer base, and favorable government policies that support digital businesses. However, with growth comes the need for financial clarity and regulatory compliance. This is where accounting plays […]
Accounting Services for Real Estate
Accounting Services for Real Estate Companies in Dubai Dubai is one of the world’s most dynamic real estate markets. From luxury skyscrapers to residential communities, the emirate continues to attract global investors and developers. With billions of dirhams flowing through real estate transactions every year, financial accuracy, compliance, and transparency are more important than ever. […]
Tax Planning Services in Dubai
How Tax Planning Services in Dubai Help Businesses Save More Dubai has long been a global hub for business, investment, and innovation. With its strategic location, world-class infrastructure, and supportive government policies, the emirate attracts entrepreneurs and corporations from across the world. However, the introduction of new taxation systems—such as VAT in 2018 and corporate […]
Corporate Tax Return Filing in Dubai
Corporate Tax Return Filing in Dubai – Step-by-Step Guide With the introduction of corporate tax in the UAE, businesses in Dubai are now required to maintain accurate financial records and file annual tax returns with the Federal Tax Authority (FTA). Corporate tax return filing in Dubai is a mandatory process that ensures compliance with the […]
VAT Services in Dubai
VAT Services in Dubai – Registration, Filing & Compliance Explained Since the introduction of Value Added Tax (VAT) in the UAE in 2018, businesses in Dubai have been required to comply with tax regulations set by the Federal Tax Authority (FTA). VAT is a consumption-based tax applied at each stage of the supply chain, ultimately […]
Corporate Tax in Dubai 2025
Corporate Tax in Dubai 2025 – A Complete Guide for Businesses The UAE has long been recognized as one of the most business-friendly destinations in the world. With its strategic location, excellent infrastructure, and tax advantages, Dubai continues to attract global investors and entrepreneurs. However, with the introduction of Corporate Tax in Dubai 2025, businesses […]
What is Bookkeeping
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What is the Double Entry System of Bookkeeping
What is the Double Entry System of Bookkeeping: A Complete Guide for Beginners Bookkeeping plays an important role in the financial health of every business. Whether you are a student, entrepreneur, or accounting professional, it is necessary to understand what is double entry system of bookkeeping method to maintain an accurate financial records. This method, which […]
Corporate Tax in Dubai – What Your Business Needs to Know in 2025
As the UAE continues to evolve its regulatory framework to align with international standards, corporate tax in Dubai has become a critical subject for all business owners to understand. Whether you’re running a small startup or managing a large enterprise, the 2025 corporate tax landscape brings new responsibilities—and opportunities—for your business. What Is Corporate Tax […]
Top 5 Benefits of Outsourcing Payroll Services in Dubai
Managing payroll can be a time-consuming and complex task for businesses of all sizes. In Dubai’s fast-paced and highly regulated business environment, payroll processing must comply with local labor laws, WPS requirements, and timely salary disbursements. Many companies are now choosing to outsource payroll services to specialized firms like ProfiTrack Accounting & Management LLC to […]
Everything You Need to Know About VAT Registration in the UAE
Since its introduction in 2018, Value Added Tax (VAT) has become a crucial part of doing business in the UAE. Whether you’re launching a new venture or running an existing company, understanding the VAT registration process is essential to remain compliant with Federal Tax Authority (FTA) regulations. In this blog, we’ll walk you through everything […]
Top 5 Accounting Mistakes SMEs Make in Dubai – and How to Avoid Them
Dubai’s dynamic business environment offers immense opportunities for small and medium-sized enterprises (SMEs). However, navigating the financial landscape requires expertise and accuracy. At ProfiTrack Accounting & Management LLC, a trusted name in accounting services in Dubai, we’ve identified several common accounting mistakes that SMEs often make. As one of the best accounting firms in the […]
A Complete Guide to VAT in the UAE: How VAT Consultants Can Help Your Business
Value Added Tax (VAT) was introduced in the UAE in 2018 as part of the government’s strategy to diversify revenue sources. While VAT implementation has brought the UAE in line with global tax practices, it has also posed challenges for businesses trying to comply with regulations. This guide explores the essentials of VAT and the […]
Tax Service In Dubai
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What Is the Role of Accounting in a Startup’s Success?
It can be said that money management for any business is critical when it comes to the continuity of its operations. The use of accounting is essential for startups, as well as for the overall management of their finances and for meeting the legal requirements when it comes to bookkeeping. In the fast-growing startup environment […]
Maintaining Adequate Substance for Freezone Businesses
Maintaining Adequate Substance for Freezone Businesses profitrackaccounting.com August 30, 2024 Blog,Business & Finance,Corporate Tax,Freezone Accounting,Taxation In the dynamic environment of Freezone businesses, maintaining adequate substance is critical for ensuring compliance with the UAE’s Corporate Tax Law. This blog explores the requirements and practical steps for businesses to uphold adequate substance within a Freezone. What is […]
Is a Director’s Salary Deductible Under the UAE Corporate Tax Law?
Is a Director’s Salary Deductible Under the UAE Corporate Tax Law? profitrackaccounting.com August 14, 2024 Blog,Corporate Tax,Insight,Strategy,Taxation As businesses in the UAE adapt to the new corporate tax regime, a key area of focus is understanding which expenses are deductible when calculating taxable income. One common question that arises is whether a director’s salary is […]
The Ultimate Guide to Startup Accounting in Dubai
The Ultimate Guide to Startup Accounting in Dubai profitrackaccounting.com August 12, 2024 Blog,Business & Finance,Insight,Startup Accounting,Strategy Starting a business in Dubai is an exciting venture filled with numerous opportunities for growth and success. However, navigating the financial landscape can be daunting, especially for startups. At ProfiTrack Accounting, we understand the unique challenges faced […]
Understanding Qualifying Activities for Freezone Accounting
Understanding Qualifying Activities for Freezone Accounting profitrackaccounting.com August 5, 2024 Blog,Business & Finance,Freezone Accounting,Insight,Strategy,Taxation As a Freezone accounting firm, navigating the UAE’s corporate tax landscape is essential for providing your clients with the best advice and services. The recently published “Corporate Tax Guide for Free Zone Persons” sheds light on what constitutes qualifying activities, which […]
Understanding Public Tax Clarification on First Tax Period of a juridical person by FTA (CTP003)
Understanding Public Tax Clarification on First Tax Period of a juridical person by FTA (CTP003) profitrackaccounting.com July 31, 2024 Blog,Corporate Tax,Insight,Taxation The Federal Decree-Law No. 47 of 2022 on the Taxation of Corporations and Business, which applies to tax periods starting on or after June 1, 2023, establishes the framework for the Public Tax Clarification […]
Understanding the Implications of Black Points for Tax Agents in UAE
Understanding the Implications of Black Points for Tax Agents in UAE profitrackaccounting.com July 12, 2024 Blog,Corporate Tax,Insight,Taxation Tax agents play a crucial role in assisting businesses with their tax obligations, but what happens when they fail to meet the expected standards? Federal Tax Authority Decision No. 1 of 2024 introduces the concept of black points […]
VAT Public Clarification VATP037: Directors’ Services by Natural Persons
VAT Public Clarification VATP037: Directors’ Services by Natural Persons profitrackaccounting.com July 1, 2024 Blog,Corporate Tax,Insight,Taxation,VAT Introduction: VATP037 replaces the previous VATP031 to provide guidance on the VAT implications for natural persons performing the function of a Director on a Board of Directors, following the amendment of Article 3 of the Cabinet Decision No. 52 of […]
Understanding Manpower vs. Visa Facilitation Services
Understanding Manpower vs. Visa Facilitation Services profitrackaccounting.com June 27, 2024 Blog,Insight,Taxation,VAT In Dubai, businesses often encounter situations where employment visas are held by one entity while the employees work under the supervision and control of another entity. This creates challenges in distinguishing between manpower services and visa facilitation services, particularly regarding VAT treatment. Definitions and […]
Upholding Professionalism in Tax Agent Responsibilities: A Guide
Upholding Professionalism in Tax Agent Responsibilities: A Guide profitrackaccounting.com June 24, 2024 Blog,Insight,Taxation In the complex realm of taxation, the role of a tax agent is pivotal. These professionals bridge the gap between taxpayers and regulatory authorities, ensuring compliance while navigating the intricacies of tax laws and regulations. At Profitrack, we understand the importance of […]
Updates on Tax Refunds for Tourists Scheme: A Comprehensive Guide by Profitrack
Updates on Tax Refunds for Tourists Scheme: A Comprehensive Guide by Profitrack profitrackaccounting.com June 19, 2024 Blog,Taxation,VAT The Federal Tax Authority (FTA) in the UAE has established a robust mechanism for tourists to reclaim Value Added Tax (VAT) on their purchases. Over the years, several decisions have refined the Tax Refunds for Tourists Scheme to […]
Corporate Tax Registration Timeline: Key Dates and Procedures
Corporate Tax Registration Timeline: Key Dates and Procedures profitrackaccounting.com June 17, 2024 Blog,Corporate Tax,Taxation The Federal Tax Authority (FTA) of the UAE has outlined the timeline for the registration of taxable persons for corporate tax purposes under Federal Decree-Law No. 47 of 2022 on the Taxation of Corporations and Businesses. The following is a concise […]
Navigating Tax Compliance: The Role and Requirements of Tax Agents
Navigating Tax Compliance: The Role and Requirements of Tax Agents profitrackaccounting.com June 12, 2024 Blog,Insight,Taxation Tax compliance can be a complex endeavor for businesses, especially in the ever-evolving landscape of regulations and requirements. To navigate this terrain effectively, many businesses turn to tax agents for assistance. In this blog post, we’ll explore the definition of […]
Simplifying Corporate Tax Registration in the UAE: A Guide by Profitrack Accounting
Simplifying Corporate Tax Registration in the UAE: A Guide by Profitrack Accounting profitrackaccounting.com June 9, 2024 Blog,Corporate Tax,Taxation Navigating the landscape of corporate tax registration can be a daunting task for businesses. At Profitrack Accounting, we understand the complexities involved and are here to guide you through the process, ensuring compliance and efficiency. In this […]
Simplifying VAT and Corporate Tax in the UAE for Your Business
Simplifying VAT and Corporate Tax in the UAE for Your Business profitrackaccounting.com May 21, 2024 Blog The UAE’s business landscape is changing with the introduction of Corporate Tax (CT) alongside the existing Value Added Tax (VAT). While it might seem complex, understanding the basics can be straightforward. Here at Profitrack, we’re here to […]
