5 Tips for SME Bookkeeping If you are not a fan of playing with numbers and or you are not a professional accountant, bookkeeping is not going to be a fun-game for you. But identifying a specific path for your “small business bookkeeping”, early habits…
Food and drink for human consumption is usually zero-rated but some items are always standard-rated. These include catering, alcoholic drinks, confectionery, crisps and savoury snacks, hot food, sports drinks, hot takeaways, ice cream, soft drinks and mineral water. Restaurants must always charge VAT on everything…
The answer to above question is YES, as all other countries with similar tax system allow travelers to claim vat. Tourists to the UAE will also be able to claim back the VAT on purchases they make whilst visiting the country, according to a draft…
Fines for tax violation: So it’s time that we reached when non-compliance will cost a lot for doing business in Dubai – UAE. Fines are imposed for tax violations in UAE. That makes it clear that businesses can’t fool the system. The cabinet decided that…
Things you need to do to cater VAT in UAE: No one said that the shift from Tax-Free environment to “Taxed economy” will be a piece of cake. There lies a long list of deficiencies in the UAE economy that prevent the smooth transition.…
Most of the senior analysts are of the view that Dubai is experiencing a slow economic downfall. Dubai’s economy has kept the title of “Fragile Economy” for a very long time and it seems to be lingering with it to foreseeable future . While catering…
Outsourcing is the solution to “best in class ” and “cost effect” decision. When it comes make a financially viable decision one must consider 2 aspects: – Cost – Quality of the job While answering to the question , How a consultant manages to have…
With less than three months until the GCC implements value added tax (VAT), a survey taken last month from ACCA
Many businesses find it difficult to prepare for Vat, We at Ideal Accountants with 25 years of experience of VAT in Uk and Northern Ireland can do the best for you in least cost.
The final VAT regulations announced last month have helped clear the air for investors and companies in the UAE. Set to be introduced across the Gulf countries
