VAT on Commercial Properties in the UAE

As clarified by the FTA, leased commercial properties in the UAE are not considered a supply during its sale; therefore, it will not be taxable. As mentioned by the governmental entity,  VAT has a limited impac...

Developing an Omnichannel Strategy

In order for a customer to, inevitably, make a purchase of a certain product, then he/she needs to cover 20-30 touchpoints of that specific brand before such a conviction is made. What does this mean for you, as the business owner or owner of the brand? It mea...

Building an E-Commerce Website

According to a recently released infographic by Amazon, e-commerce in the Arab world has been growing faster than any other region. In light of the growing e-commerce threat to physical retailers, retailers sho...

4 benefits of hiring a part-time CFO

Let's face it, many small to medium-sized companies don't have complex financial needs yet; therefore, there is no real need for a CFO right? Well, wrong! A full-time CFO might not be the answer, which is why i...

Filing for VAT Returns in the UAE

The federal tax authority just posted an infographic on how to file for VAT, consisting of four steps. Before filing for VAT, companies should make sure they have all tax returns requirements: Value of supplies of goods and services made within the per...

Tax Reporting in the UAE

Yesterday was the first day that the FTA enabled companies to complete their first ever tax report.  This was only open to companies with a Monthly Tax Period. Along with the opening up Tax Reports, the FTA ...

Federal Tax Authority’s VAT Workshop

Last week we attended a VAT Session with the FTA, and below are some of the takeaways that might be related to your business. So far, 300,000 UAE businesses have registered.  There are a number of busine...

Government crackdown on companies taking advantage of VAT

Prior to the implementation of VAT, retailers were urged by the government not to increase prices in the name of VAT. But that hasn't been enough till now to prevent businesses from using the new VAT law as a pretext to increase their prices. Of course, UAE re...

How digitization changed sales

The days of face to face selling are over!  All sales personnel pack up your bags! Well, that might be extreme, but it’s unfortunately not 100% false either.  People and companies are no longer reliant on Sa...