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My Taxman helps businesses understand UAE Excise Tax rules, identify risks early, and put in place robust systems that keep you on the right side of the law while protecting margins and reputation. Overview of UAE Excise Tax UAE Excise Tax is a federal tax introduced to discourage the consumption of products that are harmful to health or the environment. It applies across all Emirates, including Excise Tax in Dubai, and is administered centrally by the FTA through the EmaraTax platform. Current excise rates in the UAE include:100% on tobacco products, energy drinks, electronic smoking devices, and liquids used in them50% on carbonated drinks (excluding plain sparkling water)50% on any product with added sugar or sweeteners, including many soft drinks and concentratesExcise is typically charged at the point of import, manufacture, or release from designated... --- > Excise Tax Return Filing Services in UAE with accurate submission, compliance, and support for all taxable businesses.Call +971-543223140 ! - Published: 2025-11-20 - Modified: 2025-11-20 - URL: https://mytaxman.ae/excise-tax/excise-tax-return-filing-services-in-uae/ Sport programs Excise Tax Return Filing Services in UAE , Accurate, Compliant & Fast Excise Tax Return Filing Services in UAE Excise tax is one of the most crucial indirect taxes in the UAE. It applies mainly to products that are harmful to human health or the environment—such as tobacco, carbonated drinks, energy drinks, electronic smoking devices, and sweetened beverages. If your business manufactures, imports, or stockpiles excise goods, Excise Tax Return Filing is a legal requirement you must meet every tax period. At My Taxman, we provide end-to-end excise tax return filing services that ensure your submissions are 100% compliant with the Federal Tax Authority (FTA) regulations. From product classification and registration to documentation, calculation, and return submission ,we handle the entire process with precision so that your brand remains compliant and penalty-free. What is an Excise Tax Return Filing? Excise Tax Return Filing is the process through which businesses registered for excise tax declare their excise activities to the FTA. This includes reporting:Import of excise goodsProduction of excise goodsStockpiling of excise goodsMovement of excise goods within designated zonesExcise tax due for the periodThe return must be submitted monthly, and any delay or incorrect filing can result in strict financial penalties. Our experts ensure zero errors, timely submissions, and full compliance with UAE excise tax laws. Why Excise Tax Return Filing is Important in the UAE The FTA takes excise tax compliance seriously, and failure to file accurate returns may lead to:Heavy administrative penaltiesSuspension of your tax registrationPossible audits and investigationsBusiness... --- > Register for UAE excise tax registration fast. End-to-end FTA registration, filings, and compliance support for excisable goods.Call +971-543223140 ! - Published: 2025-11-18 - Modified: 2025-11-18 - URL: https://mytaxman.ae/excise-tax-registration-in-the-uae/ Sport programs Excise Tax Registration SERVICES IN UAE EXCISE TAX REGISTRATION Excise tax registration is the mandatory process by which businesses dealing with excisable goods are registered with the UAE Federal Tax Authority (FTA) to legally manufacture, import, stockpile, or release excisable products into the UAE market. Excise taxes in Dubai and across the UAE apply to specific goods deemed harmful to human health or the environment, and non-compliance can lead to heavy penalties, suspension of operations, and reputational risk. Excise applies before goods reach consumers, making timely and accurate registration critical for supply chain continuity and pricing strategy. What is Excise Tax in the UAE? The UAE excise tax is an indirect tax levied on certain products, such as tobacco, sweetened and energy drinks, electronic smoking devices, and liquids used in such devices. The tax aims to reduce harmful consumption, improve public health outcomes, and broaden government revenue. UAE excise tax rates are typically applied at import, manufacture, or at the point of release from designated zones into free circulation. Businesses handling such items must register for excise tax in the UAE before engaging in taxable activities. Who Must Register for Excise Tax? Importers of excisable goods into the UAE. Local manufacturers of excisable products. Stockpilers holding excisable goods for business purposes at the time excise becomes applicable. Persons releasing excisable goods from a designated zone. E-commerce and marketplace operators facilitating import or local supply of excisable goods (where liable under the law/contract). Distributors and wholesalers are storing excisable products pending... --- > Get your UAE Tax Residence Certificate fast with compliant EmaraTax filing, eligibility checks, and documents aligned to FTA rules for DTA reliefs - Published: 2025-11-12 - Modified: 2025-11-17 - URL: https://mytaxman.ae/uae-tax-residence-certificate-assistance/ Sport programs Tax Residence Certificate Services in UAE What is a Tax Residence Certificate? A tax residence certificate, also called a Tax Residency Certificate (TRC) or Tax Domicile Certificate, is an official document issued by the FTA confirming that an individual or entity is a UAE tax resident for a defined period, typically one financial year, for domestic law and treaty purposes. The certificate enables applicants to claim reliefs under the UAE’s network of double tax treaties by evidencing residency to foreign tax authorities or payers. 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A legal person is generally a UAE tax resident if incorporated, formed, or otherwise recognized under UAE law or if the place of effective management is in the UAE, subject to detailed criteria and guidance Benefits of a Tax Residence Certificate UAE A Tax Residency Certificate UAE (TRC) supports claiming reduced withholding tax... --- > Reduce risk and admin load with My Taxman. Get compliant Payroll Services In Dubai powered by robust controls. Contact us now +971-543223140 - Published: 2025-11-12 - Modified: 2025-11-17 - URL: https://mytaxman.ae/payroll-services-in-dubai/ Sport programs Payroll Services In Dubai | Accurate, Compliant, On‑Time Every Time Payroll Services In Dubai Payroll is one of the most sensitive functions in any organization in the UAE, touching salaries, benefits, visas, and statutory submissions that directly impact your people and reputation. 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Why Your Business Should Secure an ICV Certificate in Dubai & Abu Dhabi Enhance Probability of Tender Success : When bids are evaluated by public sector... --- > Read genuine clients testimonials showcasing real experiences, and trusted feedback about our services. See why clients recommend us. - Published: 2025-11-05 - Modified: 2025-11-14 - URL: https://mytaxman.ae/clients-testimonials/ My Taxman Reviews & Client Testimonials Tax Consultant As a startup founder, finding the right Tax Consultant in Dubai was crucial. My Taxman exceeded expectations with their personalized tax planning and excise tax compliance services. Their strategic advice on corporate tax helped us optimize our operations while ensuring compliance. Sarah Khalifa, Business Owner Corporate tax My Taxman provided outstanding corporate tax services, guiding us expertly through the complexities of UAE tax laws. 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Based on your business activity, you might need one of these types of licenses:Commercial License – To engage in buying and selling or trading of goods. Professional License – For service-based businesses such as consultancies, IT, or design companies. Industrial License – For manufacturing, production, or industrial activities. Tourism License – For travel companies, tour operators, and hospitality enterprises. Freelance Permit – For professionals who provide professional or creative services on a... --- > Get your Commercial Trade License Dubai with My Taxman. Expert guidance on Trade License Dubai requirements, process & costs. - Published: 2025-10-29 - Modified: 2025-11-17 - URL: https://mytaxman.ae/commercial-trade-license/ Sport programs Commercial Trade License Dubai—Your Gateway to UAE Business Success Commercial Trade License Dubai Starting a business in Dubai requires obtaining the proper legal documentation to operate legally and access the emirate's thriving commercial opportunities. A Commercial Trade License Dubai is your essential permit for conducting trading activities including buying, selling, importing, and exporting goods within the UAE and internationally. My Taxman provides comprehensive support throughout your entire license application process, from business name registration and activity selection to document preparation and final approval. Our experienced team understands Dubai's regulatory landscape and ensures your application meets all Department of Economic Development (DED) requirements efficiently. Whether you're launching a startup, establishing a trading company, or expanding operations, we deliver expert guidance that transforms the complex licensing process into a smooth, straightforward journey toward business success in Dubai. Understanding Commercial Trade License Dubai A Commercial Trade License is a legal document issued by the Department of Economic Development (DED) authorizing businesses to conduct commercial activities in Dubai. This license is mandatory for any company engaged in trading goods, whether locally or internationally, and serves as official validation that your business operates in compliance with UAE regulations. What Does a Commercial License Cover? Businesses holding a Trade License Dubai can legally conduct various commercial activities: Buying and selling goods across diverse product categories Importing products into the UAE for distribution or sale Exporting goods to international markets Operating wholesale and retail trading businesses Running brokerage agencies and commission-based services Providing commercial logistics and distribution... --- > Ensure compliance and transparency with expert external audit services in Dubai by certified auditors at My Taxman.Call +971‑543223140 today ! - Published: 2025-10-28 - Modified: 2025-11-19 - URL: https://mytaxman.ae/external-audit-services-dubai/ Sport programs External Audit Services Dubai, UAE My Taxman : Ensure Transparency. Strengthen Credibility. Build Trust External Audit Services With the fast-paced changing business landscape in Dubai, financial transparency and adherence to UAE regulatory requirements are crucial for sustainable growth and success. At My Taxman, our certified accountants, auditors, and tax experts offer extensive External Audit Services in Dubai that aim to enhance your business's financial credibility and integrity. What Is an External Audit? An external audit refers to an independent review of a company's financial statements made by a professional third-party auditor. The aim is to identify if the financial records report the company's performance correctly and do not contain material misstatements. With external auditing, companies acquire improved credibility among investors, banks, and regulatory bodies. It also provides assurance against non-compliance with UAE accounting standards and tax laws, facilitating the establishment of stakeholder trust and financial risk reduction for businesses. At My Taxman, we conduct thorough audits that give you a transparent, objective understanding of your organization's financial situation — allowing you to make data-driven, well-informed business decisions. Why Your Business Needs External Audit Services in Dubai Companies in the UAE make the most of professional audit services. Here's why an external audit is necessary:Legal Compliance : Most UAE jurisdictions and free zones require external audits as part of their regulatory environment. Our audit ensures compliance with all statutory obligations. Improved Credibility : A certified audit enhances stakeholder confidence — investors, lenders, and customers — by ensuring your company's accuracy in... --- > My Taxman offers expert Internal Audit Services in Dubai to enhance business performance, ensure compliance, and improve risk management. - Published: 2025-10-28 - Modified: 2025-11-15 - URL: https://mytaxman.ae/internal-audit-services-in-dubai-uae/ Sport programs Internal Audit Services Dubai, UAE Improve Business Performance with Internal Audit Services in Dubai The United Arab Emirates hosts a broad spectrum of commercial enterprises operating across Dubai and the other emirates. 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Highlighting operational inefficiencies... --- > Get clarity on UAE corporate tax deregistration under UAE Corporate Tax Law and how to deregister confidently.Call +971-543223140 for details. - Published: 2025-10-27 - Modified: 2025-11-19 - URL: https://mytaxman.ae/corporate-tax-deregistration-service-uae/ Sport programs Corporate Tax Deregistration Service UAE Corporate Tax Deregistration Welcome to My Taxman, your trusted partner for comprehensive services around corporate tax deregistration under the UAE Corporate Tax Law. If your business is winding down, restructuring, or no longer meets taxable thresholds, you need a reliable specialist to guide you through the process of deregistering for corporate tax. In this service page we’ll explore what deregistration means, why it’s important, who is eligible, the step-by-step process, our support services, and frequently asked questions to help you make an informed decision. What is Corporate Tax Deregistration? Under the UAE Corporate Tax Law, businesses that had registered for corporate tax may be required to formally exit the tax regime if they cease operations, are liquidated, merge, or otherwise stop being a “taxable person”. Deregistration means submitting an application to the Federal Tax Authority (FTA) under the online portal, filing the final tax return, settling any outstanding liabilities, and obtaining confirmation that the registration has been cancelled. In essence:You stop being registered as a taxable person for corporate tax. You cease future corporate tax filing obligations (assuming no further tax-liable activities). You avoid potential ongoing penalty risks from being registered while inactive. Why is corporate Tax Deregistration Important? Choosing to deregister when you no longer qualify or operate ensures your business remains compliant and avoids unnecessary costs. The key reasons include:Ending legal obligations: Once deregistered, you are no longer required to submit further corporate tax returns for that entity. Avoiding penalties: If you’re still... --- > Professional Audit Services in Dubai by My Taxman. Expert auditing firms offering statutory, internal, tax & financial audits. Ensure compliance today! - Published: 2025-10-27 - Modified: 2025-11-19 - URL: https://mytaxman.ae/audit-services-in-uae/ Sport programs Professional Audit Services In Dubai—Ensuring Compliance, Building Stakeholder Confidence Audit Services In uae Keeping proper financial books and being compliant with the regulations is the obligatory practice of any business within the UAE. My Taxman offers full Audit Services that conduct independent audits of your financial statements and instill more confidence in your stakeholders and ensure that your financial statements are fully compliant with the UAE Commercial Companies Law and the international standards. Our team of qualified auditors and accounting specialists have a wide experience of mainland firms, free zones, and various industries. No matter what type of auditing services, be it statutory audits, internal audits, tax audits or specialized compliance reviews, we provide high quality scrutiny, practical recommendations and planning ideas that can enhance your financial states. The best tax consultants in Dubai are able to turn auditing into a mandatory aspect of the business to a business asset Understanding Audit Services in Dubai Audit Services are the structured review as well as the validation of the company financial records, accounting procedures, and internal controls by professionally independent people. Such services will provide a true and fair picture of the financial position of the company in financial statements and that these statements adhere to the relevant regulations and accounting standards. Audits in the UAE have several important roles:Compliance with the Law: Achieving the required standards of the UAE Commercial Companies Law. Financial Transparency: The right representation of business operations. Stakeholder Confidence: Equilibrium with the investors, banks, and business partners.... --- > VAT Consultancy And Advisory Services in Dubai. Expert VAT consultants ensuring compliance & FTA audit support. Call My Taxman today - Published: 2025-10-21 - Modified: 2025-11-19 - URL: https://mytaxman.ae/vat-consultancy-and-advisory-services/ Sport programs VAT Consultancy And Advisory Services—Expert VAT Consultants In Dubai for Complete Compliance VAT Consultancy And Advisory Services Staying compliant with UAE's evolving VAT regulations requires more than just basic knowledge—it demands expert guidance and strategic planning. My Taxman offers comprehensive VAT Consultancy And Advisory Services designed to help businesses navigate complex tax requirements, optimize their VAT position, and ensure ongoing compliance with Federal Tax Authority regulations. Our team of certified VAT consultants in dubai brings years of hands-on experience across diverse industries, providing personalized solutions that protect your business from penalties while maximizing legitimate tax benefits. Whether you need assistance with VAT returns, compliance audits, or strategic tax planning, we deliver expert support that transforms VAT from a burden into a managed business function. Understanding VAT Compliance in the UAE VAT Compliance is a critical responsibility for all registered businesses in the UAE, and the Federal Tax Authority has intensified enforcement measures in 2025. Non-compliance can result in severe penalties, reputational damage, and even business suspension What VAT Compliance Entails Maintaining full VAT Compliance requires businesses to:File accurate VAT returns monthly or quarterly depending on your tax period Submit returns through the EmaraTax platform using Form VAT 201 Maintain detailed financial records for at least five years Issue tax invoices that meet all FTA requirements Pay VAT liabilities before specified deadlines Respond promptly to FTA queries and audit requests Adapt to regulatory changes and law amendments Our VAT consultancy services in dubai ensure your business meets every requirement systematically and... --- > Professional VAT Return Filing In UAE services by My Taxman.Tax Consultants in Dubai ensuring accurate, timely filing & full VAT compliance. - Published: 2025-10-21 - Modified: 2025-11-19 - URL: https://mytaxman.ae/vat-return-filing-in-uae/ Sport programs Expert VAT Return Filing In UAE—Accurate, Timely & FTA-Compliant Support Every Month VAT Return Filing In UAE Filing accurate and timely VAT returns is a critical obligation for all VAT-registered businesses in the UAE. My Taxman offers expert VAT Return Filing In UAE services that ensure complete compliance with Federal Tax Authority regulations while optimizing your tax position. Our experienced Tax Consultants In Dubai handle the entire filing process, from data collection and validation to submission and payment coordination through the EmaraTax portal. Whether you file monthly or quarterly, our team ensures accuracy, prevents penalties, and provides strategic insights that protect your business interests. With comprehensive knowledge of Form VAT 201 requirements and FTA procedures, we transform VAT return filing from a complex burden into a streamlined, professionally managed process Understanding VAT Return Filing Requirements Every business registered for VAT in the UAE must file VAT returns with the Federal Tax Authority at regular intervals. This mandatory requirement applies regardless of whether you had transactions during the tax period—nil returns must still be submitted by the deadline. Who Must File VAT Returns? VAT Return Filing obligations apply to:All businesses with a Tax Registration Number (TRN) Companies with annual turnover exceeding AED 375,000 (mandatory registration) Businesses voluntarily registered with turnover between AED 187,500 and AED 375,000 Free zone companies conducting taxable activities Non-resident businesses making taxable supplies in the UAE Businesses engaged exclusively in exempt supplies are not required to register or file VAT returns. How To File VAT Return In... --- > Professional VAT Deregistration In UAE services by My Taxman. Expert guidance on how to cancel VAT registration & avoid penalties . - Published: 2025-10-21 - Modified: 2025-11-17 - URL: https://mytaxman.ae/vat-deregistration-in-uae/ Sport programs VAT Deregistration In UAE—Professional Support to Cancel VAT Registration Compliantly VAT Deregistration In UAE When your business no longer meets VAT registration requirements in the UAE, officially canceling your Tax Registration Number (TRN) with the Federal Tax Authority becomes a legal obligation. My Taxman offers expert VAT Deregistration In UAE services that ensure compliant, timely closure of your VAT obligations. Whether due to business closure, reduced turnover below mandatory thresholds, or cessation of taxable activities, our experienced Tax Consultants In Dubai manage the entire deregistration process through the EmaraTax portal. We handle documentation preparation, final VAT return filing, liability settlement, and FTA coordination to ensure smooth VAT Compliance throughout your exit from the VAT system. Professional guidance prevents penalties and ensures all regulatory requirements are met properly. Understanding VAT Deregistration VAT Deregistration is the formal process of canceling your business's VAT registration with the Federal Tax Authority. Once deregistered, your Tax Registration Number becomes inactive, and your business is no longer permitted to: Issue VAT invoices to customers Charge VAT on sales and supplies Claim input VAT recovery on business purchases File VAT returns with the FTA Maintain VAT-specific record-keeping requirements Deregistration officially concludes your VAT obligations and removes your business from the UAE's VAT system. Reasons For Deregistration Of VAT Understanding the reasons for deregistration of VAT helps determine if your business qualifies for this process: Mandatory Deregistration CircumstancesYour business must apply for VAT Deregistration In UAE within 20 business days if: Business Closure or Liquidation: Your company has... --- > Our UAE Corporate Tax Filing Services deliver accurate filings, strategic corporate tax planning, and seamless compliance in UAE.Contact Today ! - Published: 2025-10-21 - Modified: 2025-11-19 - URL: https://mytaxman.ae/uae-corporate-tax-filing-services/ Sport programs UAE Corporate Tax Filing Services—Expert Corporate Tax Filing & Advisory UAE Corporate Tax Filing Services If you operate a company in the UAE, navigating the complexities of corporate tax in UAE is now a critical business requirement. With Federal Decree-Law No. (47) of 2022 and recent guidelines from the Ministry of Finance, companies must comply with new corporate tax rules for financial years starting on or after 1 June 2023. That’s where our UAE Corporate Tax Filing Services come in: we deliver end-to-end support so your business stays compliant, optimizes liability, and avoids penalties. Let us take care of the tax paperwork—so you can focus on growing your business. What is Corporate Tax & Why It Matters Corporate Tax is a tax on the net profits of businesses and corporations. Under UAE law, this applies to juridical persons (companies) incorporated in the UAE, those effectively managed here, and foreign entities with a permanent establishment in the UAE. The standard rate for non-free-zone companies is 9% on taxable profits above AED 375,000. Profits below that threshold are taxed at 0%. Free zone entities may qualify for 0% on qualifying income if they meet certain regulatory requirements. Corporate tax in Dubai and in all other Emirates is a federal obligation, meaning businesses throughout the UAE need to register, file returns, and maintain records under the new regime. Failure to comply with corporate tax obligations can lead to penalties, interest, reputational damage, and strained cash flow. To avoid that, robust filing, planning, and... --- > Our UAE Corporate Tax Registration in UAE deliver accurate filings, strategic corporate tax planning, and seamless compliance in UAE. - Published: 2025-10-21 - Modified: 2025-11-17 - URL: https://mytaxman.ae/corporate-tax-registration-in-uae/ Sport programs CORPORATE TAX REGISTRATION -Ensure Your Business is Legally Compliant and Ready for Growth CORPORATE TAX REGISTRATION Corporate Tax Registration in UAE is now an essential step for every company operating in the Emirates. With the introduction of the UAE Corporate Tax Law, businesses must register with the Federal Tax Authority (FTA) to ensure compliance, avoid penalties, and maintain smooth business operations. Whether you’re a mainland company, free zone entity, or international branch, understanding and completing the corporate tax registration process correctly is vital for your business’s legal and financial standing. At My Taxman, we simplify the entire corporate tax registration process in UAE, ensuring your business meets all regulatory obligations efficiently and on time What is Corporate Tax Registration in UAE? Corporate Tax Registration in UAE is the process of enrolling a business entity with the Federal Tax Authority (FTA) for the purpose of complying with the new UAE Corporate Tax Law. Once registered, the FTA issues a Corporate Tax Registration Number (TRN), which is mandatory for tax filing, compliance, and correspondence with the authorities. This process applies to:Mainland companiesFree zone companiesForeign legal entities operating in the UAEIndividuals conducting business activities under a commercial licenseRegistration ensures your business is recognized by the FTA and compliant with corporate tax regulations. Understanding Corporate Tax in UAE Introduced in June 2023, the Corporate Tax in UAE applies to the net profits of businesses operating within the country. It marks a major step toward aligning the UAE’s economy with global standards, promoting transparency, and... --- > Expert VAT Registration Services In UAE by My Taxman. Fast, accurate VAT registration in Dubai with ongoing compliance support. Contact now! - Published: 2025-10-15 - Modified: 2025-11-19 - URL: https://mytaxman.ae/vat-registration-services-in-uae/ Sport programs VAT Registration Services In UAE—Get Registered Quickly & Compliantly with Expert Support Every Step of the Way VAT Registration Services In UAE Navigating VAT compliance in the UAE requires expert guidance and precise execution. Since VAT implementation in 2018, businesses exceeding the mandatory threshold of AED 375,000 must register with the Federal Tax Authority within 30 days. My Taxman offers comprehensive VAT Registration Services In UAE that streamline your entire registration process, from documentation to Tax Registration Number (TRN) delivery. Our experienced tax professionals ensure accurate applications, faster approvals, and complete FTA compliance, allowing you to focus on growing your business while we handle the complexities of VAT registration with precision and care. Understanding VAT Registration Requirements in the UAE The Federal Tax Authority has established clear guidelines for businesses operating in the UAE regarding VAT registration. Understanding these requirements is critical to maintaining compliance and avoiding penalties. Mandatory Registration CriteriaYour business must register for VAT Registration Services Dubai if any of the following apply:Annual taxable supplies and imports exceed AED 375,000 in the previous 12 months Expected taxable supplies will surpass AED 375,000 within the next 30 days You're a non-resident business making taxable supplies in the UAE Your business crossed the threshold and you have 30 days to complete registration Missing the mandatory registration deadline results in penalties starting at AED 10,000, making professional VAT Registration Services essential for timely compliance. Voluntary Registration BenefitsBusinesses with taxable supplies between AED 187,500 and AED 375,000 can opt for voluntary registration,... --- - Published: 2025-09-13 - Modified: 2025-09-14 - URL: https://mytaxman.ae/thank-you/ We’ve received your details and will be in touch soon. During your no cost trial, you’ll see how our services simplify compliance and accounting. © 2025 My Taxman. All Rights Reserved. Privacy Policy Terms and Conditions --- > Get a 3-month free accounting trial and experience seamless bookkeeping and financial management. Start your accounting trial today ! - Published: 2025-08-26 - Modified: 2025-11-14 - URL: https://mytaxman.ae/3-month-accounting-trial-at-no-cost/ Test our accounting services with a 3-month trial at no cost. Compare results before switching. No obligation, built for SMEs in the UAE. 3-Month Accounting Trial at No Cost Test our accounting services before you make a switch. No obligation. No risk. Book My No Cost Trial Our Services SERVICES FOR EVERY BUSINESS Taxation Excise Expert excise tax solutions designed to help businesses of all sectors in the UAE to comply, accurately, and efficiently. Taxation Corporate tax Providing expert corporate tax solutions in Dubai, we help you comply, minimize your liabilities, maximize your savings, and grow your business efficiently. Taxation VAT Compliance Dubai comprehensive VAT services, offering compliance, filing accuracy, hassle free refunds, and expert oriented solutions for the business success. Advisory Fund Raising Strategic fundraising solutions tailored to help businesses secure capital, attract investors, and achieve sustainable growth in competitive markets. Accounting & Bookkeeping Transfer pricing Transfer pricing services by experts to comply with, document accurately, reduce tax risk and align with international tax regulations for businesses. Advisory CFO Services Professional CFO services delivering strategic financial planning, cash flow management, risk assessment, and business growth support for success. © 2025 My Taxman. All Rights Reserved. Privacy Policy Terms and Conditions --- - Published: 2025-08-11 - Modified: 2025-10-18 - URL: https://mytaxman.ae/privacy-policy/ Privacy Policy IntroductionMy Taxman values your privacy and is committed to protecting your personal data. This privacy policy outlines how we collect, use, and safeguard your information when you engage with our website and services. Information We CollectWe may collect and process the following data:Personal Information: Name, email, phone number, and business details provided via contact forms. Financial & Tax Information: Necessary details for our taxation, accounting, and advisory services. Technical Data: IP address, browser type, and website usage details for analytics and security purposes. 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Use of Website2. 1 You agree to use the Website only for lawful purposes and in accordance with these Terms. 2. 2 Unauthorized access, modification, or distribution of Website content is strictly prohibited. 2. 3 We may suspend or terminate access to the Website if you violate any terms. 3. Intellectual Property Rights3. 1 All content on this Website, including text, images, logos, and software, is owned by My Taxman and is protected by applicable copyright and intellectual property laws. 3. 2 You may not reproduce, distribute, or use any content without prior written permission. 4. Disclaimer of Liability4. 1 The information provided on the Website is for general informational purposes only and should not be considered professional tax or legal advice. 4. 2 My Taxman is not liable for any errors, omissions, or reliance on the content provided. 4. 3 We do not guarantee uninterrupted or error-free operation of the Website. 5. 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Stay informed and inspired with fresh content updated regularly. - Published: 2025-04-09 - Modified: 2025-11-14 - URL: https://mytaxman.ae/blog/ Blog | Latest Insights, Tips & Expert Articles Home Taxation Corporate tax UAE Corporate Tax Filing Services Corporate Tax Registration in UAE Corporate Tax Deregistration Service UAE VAT Compliance Vat Registration Services VAT Deregistration In UAE VAT Consultancy And Advisory Services VAT Return Filing In UAE Excise Tax Accounting Accounting & Bookkeeping Transfer pricing Advisory CFO Services Due Diligence Valuation assessment Fund Raising Audit Services Internal Audit Services In Dubai External Audit Services Dubai Blog Home Taxation Corporate tax UAE Corporate Tax Filing Services Corporate Tax Registration in UAE Corporate Tax Deregistration Service UAE VAT Compliance Vat Registration Services VAT Deregistration In UAE VAT Consultancy And Advisory Services VAT Return Filing In UAE Excise Tax Accounting Accounting & Bookkeeping Transfer pricing Advisory CFO Services Due Diligence Valuation assessment Fund Raising Audit Services Internal Audit Services In Dubai External Audit Services Dubai Blog Reach Us +971-543223140 Try Out Reach Us Home Taxation Corporate tax UAE Corporate Tax Filing Services Corporate Tax Registration in UAE Corporate Tax Deregistration Service UAE VAT Compliance Vat Registration Services VAT Deregistration In UAE VAT Consultancy And Advisory Services VAT Return Filing In UAE Excise Tax Accounting Accounting & Bookkeeping Transfer pricing Advisory CFO Services Due Diligence Valuation assessment Fund Raising Audit Services Internal Audit Services In Dubai External Audit Services Dubai Blog Home Taxation Corporate tax UAE Corporate Tax Filing Services Corporate Tax Registration in UAE Corporate Tax Deregistration Service UAE VAT Compliance Vat Registration Services VAT Deregistration In UAE VAT Consultancy And Advisory Services VAT... --- > Need corporate tax assistance in the UAE? Our experts offer end-to-end tax solutions, ensuring accurate filings and regulatory compliance - Published: 2025-01-30 - Modified: 2025-11-19 - URL: https://mytaxman.ae/corporate-tax/ Sport programs Corporate Tax In The UAE: Expert Services By My Taxman Corporate Tax in the UAE The United Arab Emirates has been a business destination for decades, with tax-friendly policies and a very competitive economy. In June 2023, the introduction of corporate tax was a significant step by the UAE towards aligning with international tax standards. This change is an important development in the nation's financial and regulatory landscape. We make this transition easier for companies at My Taxman. It is the ultimate guide to answering all questions about corporate tax in UAE, including not only the tax rates and requirements for registering your business, but also what to do to be fully compliant with the UAE corporate tax law without any inconvenience. Features What is Corporate Tax in UAE? Company tax or federal tax is commonly known as corporate tax, which is an immediate tax imposed on the net income or profits made by the companies. Corporate tax is applied across all the emirates of the UAE and is administered by the Federal Tax Authority (FTA). The UAE corporate tax system, introduced under Federal Decree-Law No. 47 of 2022, applies to companies registered in the UAE and to foreign companies conducting business in the country. Such a single tax system enhances transparency, compliance, and international tax-related standards, where My Taxman is a specialist. Tax Rates The corporation tax rate in the UAE is relatively low; thus, it is a favorable region for investors. Taxes Who is a Taxable Person? According... --- > Need VAT assistance in UAE? Our tax experts provide complete solutions, from VAT registration to returns filing and compliance management - Published: 2025-01-30 - Modified: 2025-11-19 - URL: https://mytaxman.ae/vat-compliance/ Sport programs Simplify VAT Compliance With My Taxman Your Trusted Partner For Accurate Financial Solutions. VAT Services In UAE Value Added Tax has applied across the UAE since 1 January 2018 at a standard rate of 5%, covering most goods and services. As an indirect tax, VAT affects nearly every transaction, making accurate registration, compliance, and reporting essential. At My Taxman, our VAT consultant in Dubai delivers end-to-end support—from VAT registration and compliance reviews to return filing, refund management, and ongoing advisory—so your business stays compliant and optimizes cash flow. VAT VAT Implementation in UAE The UAE introduced Value Added Tax to diversify government revenue and reduce reliance on oil. As a consumption tax, the cost is ultimately borne by the end consumer, while registered businesses act as intermediaries—collecting Value Added Tax on taxable supplies and remitting it to the Federal Tax Authority (FTA). My Taxman supports your Value Added Tax journey in Dubai and across the UAE, from registration and compliant invoicing to timely return filing and FTA correspondence. VAT in UAE Introduced in the UAE on January 1, 2018, Value Added Tax is applied at a standard rate of 5%. My TaxMan Types of Supplies under UAE VAT Law The UAE VAT law categorizes supplies into three main types:1) Standard-rated (5%): Most taxable goods and services supplied in the UAE. 2) Zero-rated (0%): Taxable at 0% with full input recovery. Examples include exports of goods and services (subject to conditions), international transportation, certain medicines and medical equipment, and the first... --- > Get reliable excise tax solutions in Dubai. From registration to reporting, our experts ensure full compliance and accurate filings. - Published: 2025-01-30 - Modified: 2025-11-21 - URL: https://mytaxman.ae/excise-tax/ Sport programs Stay Compliant And Stress-Free My Taxman Delivers Expert Excise Tax Services In UAE. Excise Tax Services We provide end-to-end solutions for businesses dealing with excise tax in the UAE. From compliance to registration and reporting to ensure proper tax reporting, our team of experts will provide the guidance you need to keep ahead of regulatory requirements and limit risks. The UAE added excise tax in October 2017 in a bid to better align with international best practices and favour the diversification of its sources of revenue. Excise Tax What Is Excise Tax? This is an indirect tax that is levied on certain products that have proven to be detrimental to health or the environment. Examples of such products in the UAE include carbonated beverages, energy drinks, and tobacco products. Such businesses that import or manufacture excise goods in the UAE are required to register for tax with the Federal Tax Authority (FTA). Excise Tax Rates Tobacco products, energy drinks, and electronic smoking devices - 100%, On carbonated and sweetened beverages - 50%. My Taxman Why Choose Us? Expertise in UAE Excise TaxThese tax laws and regulatory requirements, well, you can rely on the accuracy and reliability of our advice. Tailored SolutionsWe realize that each business is different. We are able to provide customized solutions to meet your specific operational and tax needs. Hassle-Free ComplianceWe cover all aspects of tax compliance from registration to reporting, so you can just get on with your core business. Proactive SupportWe keep you informed of... --- > Simplify your finances with our accounting & bookkeeping services in the UAE. Reliable, accurate, and hassle-free solutions for businesses - Published: 2025-01-30 - Modified: 2025-11-19 - URL: https://mytaxman.ae/accounting-bookkeeping/ Sport programs Your Trusted Partner In UAE For Expert Accounting & Bookkeeping Services - My Taxman Accounting & Bookkeeping Services Accurate financial records are important in today's changing business scenario for growth and compliance as well as for informed decision-making. My Taxman provides professional accounting and bookkeeping services in Dubai to help you ensure streamlined management processes for your finance and contribute towards the success of your business. This expertise is always guaranteed for meticulously maintained financial records, leaving the focus to the expansion of business. Bookkeeping What Is Bookkeeping? Bookkeeping is the systematic recording, classifying, and preserving of a business's financial transactions. It serves as the foundation of a strong accounting system because it ensures all financial activities are recorded correctly. Proper bookkeeping is important to know your business's financial health, track expenses, and prepare for audits and tax filings. Bookkeeping in Dubai Our bookkeeping services in Dubai are designed to cater to the needs of businesses in any industry. Benefits Who Can Benefit From Our Services? Our accounting and bookkeeping services in Dubai are available for:Small and Medium Enterprises (SMEs): Affordability and cost-effectiveness to manage finance and drive growth. Start-ups: All-around support to create solid financial ground. Large Corporations: Streamlining the processes involved in handling complicated accounting requirements. Freelancers and Sole Proprietors: Bookkeeping made simple, allowing for effective management of personal and business finances. Learn More Why It Matters While both accounting and bookkeeping are essentials of any business, they serve different purposes - Bookkeeping focuses on the proper and... --- > Avoid tax risks with professional transfer pricing services in UAE. Our experts help you with compliance, audits, and documentation requirements - Published: 2025-01-30 - Modified: 2025-11-19 - URL: https://mytaxman.ae/transfer-pricing/ Sport programs Comprehensive Transfer Pricing Solutions For Global Compliance And Optimization Transfer Pricing Services My Taxman is a company that specializes in providing you with the best transfer price solutions that fit your business. We are experts in international transfer pricing regulations and whether you are a multinational corporation or a local entity involved in cross-border transactions, we help you comply with these regulations and optimize your tax structure efficiently. The UAE's changing tax landscape requires proactive compliance with transfer pricing regulations. Transfer Pricing What Is Transfer Pricing? It is the pricing of goods, services or intellectual property exchanged between related entities within the same organization, especially between entities in different countries. For that, figuring out how profits and expenses are allocated across jurisdictions, and therefore how taxable income is apportioned across jurisdictions. Profit Allocation Avoids tax evasion by distributing profits equitably among different jurisdictions. Features Key Aspects Of Transfer Pricing In UAE: Economic Substance Regulations (ESR): In the UAE, entities must show economic substance for relevant activities. Country-by-Country Reporting (CbCR): CbCR is required of multinational corporations whose combined revenues exceed a specified threshold. Arm’s Length Principle: Transactions between related entities must be at market prices, just as transactions between independent parties. Documentation Requirements: To justify their pricing policies, businesses are required to maintain transfer price documentation such as master files and local files. Contact Benefits Importance Of Transfer Pricing: Compliance with RegulationsIt's rules have been implemented by governments around the world to close the gaps in foreign taxation and create fair... --- > Get expert CFO services in UAE for better financial management, strategic growth, budgeting, and long-term financial stability for your business - Published: 2025-01-30 - Modified: 2025-11-19 - URL: https://mytaxman.ae/cfo-services/ Sport programs Strategic Financial Insights Delivered - My TaxMan Offers Expert CFO Services In UAE. CFO Services Our comprehensive CFO services at My Taxman are tailored to support businesses in the UAE to thrive in an ever changing market by providing them with the financial strategies they need to succeed. In today’s fast moving and competitive business environment, robust financial management is critical to sustainable growth. CFO Advisory Services add strategic value to businesses in the form of revenue insights, operational efficiency and a road map to goal accomplishment. Services Needs Of CFO Advisory Services Here’s why businesses in Dubai and across the UAE are turning to CFO consulting services: Make sure your business has a well set financial roadmap aligned with the long term issues of the business. Get access to data driven insights and analysis to help you make informed business decisions. Find places where you can reduce costs without affecting or hindering the run or it’s efficiency. Scalability Strategies that support your business’s growth with scalability and sustainability. CFO What Are CFO Services? Chief Financial Officers (CFOs) services are a suite of financial management and advisory solutions provided by experienced Chief Financial Officers (CFOs). These services are for businesses that may not need a full time CFO but need high level financial expertise. It helps you with financial planning and budgeting, risk management, strategic decision making, and more to help you improve financial performance and grow. Contact Issues Challenges Addressed By CFO Services Our CFO services address these issues... --- > Looking for due diligence services in UAE? We offer expert financial, legal, and operational reviews to ensure transparency and minimize risks - Published: 2025-01-30 - Modified: 2025-11-19 - URL: https://mytaxman.ae/due-diligence/ Sport programs Secure Your Ventures With My Taxman - Reliable Due Diligence Services In The UAE Due Diligence Services In this present day and age business environment, there is a need to be able to make choices on information. And whether you are planning an acquisition, merger, or investment, it is critical to do so through this service. Specialized diligence services are what we offer to help businesses assess risks, uncover opportunities, and make data-driven decisions. We have the expertise to give you the insights you need to protect your interests and maximize value. Due Diligence What Is Due Diligence? This is a thorough examination of a business or asset to assess its commercial, financial, legal and operational features. It includes the review of the entire records, contracts, financial statements and other important indexed materials to risk and opportunities. Conducting this is vital for assessing the financial health of a business, finding out what can go wrong and who will be accountable. Financial Due Diligence Financial due diligence services that we offer are financial statement evaluation, cash flow, profitability, and overall financial stability. Issues Due Diligence Services Address Common Challenges The due diligence process can be challenging for many businesses. Our services help address these issues effectively:Incomplete Information: We make sure that we collect and review all the necessary data. Regulatory Compliance Risks: To prevent legal issues, our team confirms adherence to UAE rules. Hidden Liabilities: We find hidden financial and legal liabilities to protect your interests. Cultural Misalignment: We do our... --- > Get valuation assessment in UAE for your business. We provide reliable valuations to support mergers, acquisitions, and overall financial planning. - Published: 2025-01-30 - Modified: 2025-11-19 - URL: https://mytaxman.ae/valuation-assessment/ My Taxman Delivers Precise Business Valuation Assessment To Guide UAE Businesses Toward Strategic Decisions Business Valuation Assessment Dubai Valuation assessment is important to understand what a business is really worth when making decisions. We at My Taxman are experts in providing accurate and detailed business valuation services in Dubai. Our expert team provides precise and reliable valuations whether you are preparing for a merger, acquisition, or restructuring or want to know the value of your company. Accurate valuation assessment for informed financial and investment decisions. Valuation What Are Business Valuation Services? Business valuation services are a detailed analysis of the economic value of a business or a company. These services give you insights into a business’s assets, liabilities, market potential and overall financial health. Business valuation is crucial for:Investment decisions based on information. Merging, acquiring or selling. Raising the money or getting the investors. Whether making to resolve disputes or for estate planning. Uses Applications Of Business Valuation Assesment Services Our business valuation services Dubai cater to various scenarios, including:Mergers and Acquisitions (M&A): Guarantee fair valuations in negotiating and doing transactionsFundraising and Investments:Provide a credible valuation to get investors and raise money. Financial Reporting: Get accurate reports for the purposes of meeting regulatory requirements. Dispute Resolution: Eliminate the need to find fault in legal or financial disputes. Strategic Planning: Use those insights on valuation to plan on future growth and succession. Why Choose Us? The business ecosystem in Dubai requires precision and expertise in valuation services. At My Taxman, we... --- > Looking for funding? Our UAE-based fund raising services offer strategic advice, investor matchmaking, and capital solutions for business. - Published: 2025-01-30 - Modified: 2025-11-19 - URL: https://mytaxman.ae/fund-raising/ Transform Your Vision Into Reality With My Taxman - Expert Fundraising Services In UAE Fund raising Services My Taxman is a fund raising consulting firm that specializes in helping businesses and organizations raise the money they need to reach their goals. Our team provides tailored solutions whether you’re launching a new venture, expanding an existing business or supporting a charitable cause. We provide professional fundraising services for businesses and non profit organizations in the UAE. We are experts, so your fundraising campaigns are planned and executed strategically and efficiently. Fundraising What Is Fund raising? Fund raising is the act of raising money from individuals, businesses, or institutions to finance a particular project, campaign or organization. Fundraising is a strategic plan, communication, and process to create desired results. Types of Fundraising are - Corporate fundraising, individual fundraising, event based fundraising, Grant applications, and online fundraising. Fund raising Consulting Services Our experience guarantees that your fundraising initiatives are well thought out and successfully carried out. Features Fund raising Consulting Services: Strategic Planning: We create tailor made fundraising strategies that align with your goals and your audience. Donor Engagement: We help you find and build relationships with potential donors and sponsors. Campaign Management: We take care of everything from conceptualization to execution of your fundraising campaigns. Grant Writing: We help you prepare compelling grant applications to increase your chances of getting funded. Event Planning: We host fundraising events that generate enthusiasm for giving and foster community support. Why Choose Us? We have a... --- > Get expert tax advice from our experienced Tax Consultant. We specialize in corporate tax, VAT to help you stay compliant and efficient. - Published: 2024-10-16 - Modified: 2025-10-18 - URL: https://mytaxman.ae/about-us/ Explore Our Club About Expert Tax Consultant, Committed Success Welcome to My Taxman, your trusted partner in navigating the complexities of taxation. We are a premier tax consultant firm dedicated to providing innovative, reliable, and customized solutions for individuals and businesses. With years of experience and a team of expert tax consultant in Dubai, we have established ourselves as leaders in offering efficient and accurate tax advisory services. Contact Now Our Mission Empowering Businesses With Expert Tax Solutions For Seamless Compliance In Dubai At My Taxman, we are more than just a tax consultancy firm; we are your strategic partners in achieving financial clarity and compliance. Based in Dubai, our firm is powered by a team of highly skilled professionals who specialize in all aspects of taxation, from VAT and excise tax to corporate tax and international tax compliance. Mission We simplify tax complexities by providing reliable, transparent, and efficient consultancy services. Our goal is to help individuals and businesses navigate evolving tax regulations with confidence. Through accuracy and compliance, we ensure financial clarity, enabling our clients to optimize their tax strategies and achieve growth. Vision Our vision is to become the most trusted tax consultancy firm in Dubai, offering innovative and tailored solutions. We strive to empower businesses and individuals with financial confidence, ensuring compliance while fostering sustainable growth. Through expertise and dedication, we aim to set new standards in tax consultancy services. Core Values Our core values are rooted in integrity, reliability, excellence, innovation, and a client-centric approach. We prioritize transparency... --- > Start a business with expert tax consultant in Dubai - My Taxman. We provide tax planning & financial advisory services to help your business thrive. - Published: 2024-10-16 - Modified: 2025-05-10 - URL: https://mytaxman.ae/contact-us/ Request More Information Thanks For Choosing My Taxman Dubai. Fill your information and someone from our team will contact you shortly to answer any questions you have. Note: Please give us 24-48 hours to return your request. Your Information Your Trusted Tax Partner +971-543223140 Reach Us Expert Tax Guidance Offering professional advice on VAT, excise tax, corporate tax, and compliance. Tax Optimization Providing strategic solutions to minimize tax liabilities and maximize savings for business. Compliance Assurance Ensuring your business adheres to UAE tax laws, avoiding penalties, and staying audit-ready. Tailored Services Delivering customized tax consultancy to meet the unique needs of businesses in Dubai. --- > Your Tax Consultant in Dubai for tax planning, VAT, corporate tax, and financial advice. Ensure smooth tax compliance and optimize your business. - Published: 2024-10-03 - Modified: 2025-06-04 - URL: https://mytaxman.ae/ Let's Change Let’s change the game The Game Enrol Programs My Taxman Your Tax Consultant In Dubai For Compliance & Savings At My Taxman, we specialize in providing expert tax consultancy services tailored to businesses in Dubai. Call us Now Our Services SERVICES FOR EVERY BUSINESS Taxation Excise Expert excise tax solutions designed to help businesses of all sectors in the UAE to comply, accurately, and efficiently. Learn More Taxation Corporate tax Providing expert corporate tax solutions in Dubai, we help you comply, minimize your liabilities, maximize your savings, and grow your business efficiently. Learn More Taxation VAT Compliance Dubai comprehensive VAT services, offering compliance, filing accuracy, hassle free refunds, and expert oriented solutions for the business success. Learn More Advisory Fund Raising Strategic fundraising solutions tailored to help businesses secure capital, attract investors, and achieve sustainable growth in competitive markets. Learn More Accounting & Bookkeeping Transfer pricing Transfer pricing services by experts to comply with, document accurately, reduce tax risk and align with international tax regulations for businesses. Learn More Advisory CFO Services Professional CFO services delivering strategic financial planning, cash flow management, risk assessment, and business growth support for success. Learn More HIRING A PERSONAL CFO Hire a CFO in Dubai to optimize financial strategy, ensure compliance, drive profitability, and support growth. Expert leadership in corporate finance, taxation, and financial planning. 4. 5 ⭐ Google Rated Contact us for expert CFO services in Dubai—financial strategy, compliance, and growth-focused leadership. Hire us Now About Us Simplifying Tax Solutions We... --- --- ## Posts > What is due diligence? Discover due diligence services & consulting support in UAE for 2026. Call My Taxman at +971-543223140 for expert advice. - Published: 2025-11-21 - Modified: 2025-11-21 - URL: https://mytaxman.ae/why-due-diligence-matters-in-dubai/ - Categories: Due Diligence - Tags: Due Diligence, Due Diligence Consulting Services, Due Diligence Meaning, Due Diligence Services, Due Diligence Services Dubai, My Taxman, What is due diligence Due diligence is more than a legal or financial buzzword—it's a comprehensive review process that protects your UAE business from hidden risks before making major decisions. Whether you're planning an acquisition, investment, fundraising, or a new partnership in Dubai, understanding the process and consulting with the right experts can make the difference between growth and setbacks. With stricter legal, anti-money laundering (AML), and compliance rules being enforced across the UAE in 2026, leveraging high-quality services is now a business essential and a regulatory expectation. What Is Due Diligence? It refers to a series of investigations, reviews, and verification checks conducted before finalizing a business deal or a significant decision. It helps confirm facts, identify risks, and ensure that all information and documents are accurate and up to date. In 2026, due diligence services Dubai spans a broad range—from legal and financial matters to compliance, anti-fraud, data protection, and even environmental, social, and governance (ESG) practices. Types of Due Diligence In Dubai Financial : Examines financial statements, tax compliance, cash flow, assets, and liabilities to verify business viability. Legal : Reviews contracts, corporate filings, licenses, disputes, and intellectual property to uncover hidden claims or breaches. Compliance : Confirms regulatory adherence, AML, UBO reporting, and checks for any red flags or ongoing investigations. Operational : Assesses processes, key personnel, supply chains, IT systems, and operational risks. Commercial : Analyses the company’s market position, customer base, competitors, sales pipeline, and business model. ESG & Sustainability : Examines environmental, social, and governance practices—becoming increasingly... --- > Learn tax residency certificate for freelancer and consultants in the UAE, cut foreign withholding, and claim treaty benefits in 2026. - Published: 2025-11-18 - Modified: 2025-11-18 - URL: https://mytaxman.ae/tax-residency-certificate-for-freelancers/ - Categories: Tax - Tags: Freelance Tax Consultant, My Taxman, Tax Residence Certificate, Tax Residency Certificate For Freelancer, Tax Residency Certificate UAE, Tax Resident Certificate UAE, UAE Tax Residency Certificate Freelancers and independent consultants in the UAE can use a Tax Residency Certificate for freelancer to prove UAE tax residency and unlock double tax treaty benefits when billing foreign clients in 2026. The UAE’s domestic tax residency rules for individuals require either 183 days of presence or the 90‑day route with UAE ties, and a properly issued TRC is the document most overseas payers ask for to grant reduced or zero withholding at source. What is a Tax Residency Certificate (TRC)? A Tax Residency Certificate UAE is an official confirmation that a person or entity is a tax resident certificate UAE for a defined period, enabling access to double taxation agreement (DTA) benefits abroad. The certificate is issued for treaty or domestic purposes and includes validity dates aligning with the relevant 12‑month period, which foreign tax authorities typically require to assess treaty relief. Why freelancers need a TRC in 2026 Withholding relief: Many foreign clients can apply reduced or nil withholding on service payments if the payee provides a Tax Residency Certificate UAE for the relevant treaty year. Treaty claims: If withholding happened, a Tax Residence Certificate for freelancer supports a refund claim or foreign tax credit under the other country’s procedures, reducing double taxation on cross‑border income. Proof of residency: The Tax Residence Certificate attests UAE tax residency under domestic and treaty rules, reducing disputes over dual residency and supporting proper allocation of taxing rights. Who issues the TRC and how to apply The Federal Tax Authority manages the... --- > Learn what’s new for UAE Tax Residency Certificate 2026 with eligibility, process, benefits, and expert guidance from My Taxman. - Published: 2025-11-17 - Modified: 2025-11-19 - URL: https://mytaxman.ae/uae-tax-residency-certificate-for-2026/ - Categories: Tax - Tags: How to Get Tax Residency Certificate in UAE, Tax Residence Certificate, Tax Residency Certificate UAE, Tax Resident Certificate UAE, UAE Tax Residency Certificate The UAE Tax Residency Certificate has become one of the most essential documents for businesses and individuals seeking tax relief, double tax treaty benefits, and global compliance. As the UAE strengthens its tax framework with corporate tax, transfer pricing, and stricter reporting norms, the government has introduced several key updates to the tax residency certificate UAE process for 2026. In this detailed guide, we explain what’s new in 2026, eligibility updates, documentation changes, benefits, and how to get a Tax Residency Certificate in UAE easily with the help of My Taxman. What Is a UAE Tax Residency Certificate? A UAE Tax Residency Certificate, also known as a tax residence certificate or tax resident certificate UAE, is an official document issued by the UAE Federal Tax Authority (FTA). It confirms that an individual or company is a tax resident in the UAE and is therefore eligible for:Double Taxation Avoidance Agreement (DTAA) benefitsGlobal tax reliefReduced withholding tax in other countriesRecognition of UAE residency for international tax complianceFor investors, expats, and businesses operating globally, this certificate is a powerful tool to minimise taxes legally. Why the UAE Tax Residency Certificate Matters More Than Ever in 2026 With increased global scrutiny on cross-border taxation and the UAE's alignment with OECD guidelines, the Tax Residency Certificate has gained exceptional importance. In 2026, the UAE’s tax landscape includes:9% corporate taxTransfer pricing documentationCountry-by-country reportingEconomic substance regulationsStricter due diligence requirementsTo claim tax relief internationally, the TRC is becoming a mandatory compliance document. What’s New for UAE Tax Residency... --- > A guide for Dubai startups to cut taxes, choose free zones, use Small Business Relief, and optimize VAT with a trusted Tax Consultant Dubai. - Published: 2025-11-13 - Modified: 2025-11-17 - URL: https://mytaxman.ae/best-tax-consultant-dubai/ - Categories: Tax - Tags: Corporate Tax, Dubai Tax Consultants, My Taxman, Tax Consultant Dubai, Tax Consultant In Dubai, Tax Consultants In Dubai Launching a startup in Dubai is easier when the tax setup is right from day one, and the smartest path starts with a Tax Consultant Dubai who understands corporate tax, VAT, and free zone incentives tailored to early‑stage companies. The UAE corporate tax regime applies a 0% rate up to AED 375,000 of taxable income and 9% above that threshold, which creates real planning opportunities for founders if structure, compliance, and timing are handled precisely. Startups can also access Small Business Relief if revenue conditions are met, consider free zone status for 0% on qualifying income, and use VAT registration strategically to protect cash flow and reclaim input tax Why tax planning matters from day one Early tax choices determine whether you qualify for reliefs, how quickly you can reclaim VAT, and whether future funding rounds suffer from unexpected liabilities. Dubai tax consultants align your legal structure, free zone choice, accounting, and VAT registration timelines with the thresholds and definitions used by the Federal Tax Authority (FTA) and Ministry of Finance (MoF). Doing it right upfront reduces the risk of missed reliefs, non‑qualifying free zone income, or filing penalties later in the journey. Understand UAE corporate tax basics The UAE levies 0% corporate tax on taxable income up to AED 375,000 and 9% on taxable income above AED 375,000, as confirmed by Cabinet Decision No. 116 of 2022 and the official UAE Government portal. This progressive structure is explicitly designed to support small businesses and startups, giving early‑stage companies breathing... --- > Learn the VAT Deregistration process in UAE .EmaraTax , eligibility, 20‑day deadline, documents, steps, and final return requirements. - Published: 2025-11-10 - Modified: 2025-11-10 - URL: https://mytaxman.ae/vat-deregistration-process-in-uae/ - Categories: VAT - Tags: Cancel VAT Registration UAE, FTA emaratax vat deregistration, VAT Deregistration, VAT Deregistration Process in UAE If your taxable turnover has fallen below the threshold or your business has ceased taxable supplies, the UAE law requires you to apply for VAT deregistration process in UAE within a set timeframe through the FTA’s EmaraTax portal. Missing this window can lead to administrative penalties, and FTA will only close your VAT account after all returns and liabilities are settled. This practical guide explains the vat Deregistration process in UAE in simple steps, including EmaraTax navigation, required documents, timelines, and common errors to avoid. If you need hands-on help to FTA Emaratax vat Deregistration or want to cancel vat registration UAE with zero errors, speak to My Taxman for fast support at +971-543223140 What is VAT Deregistration? VAT deregistration services is the formal process of cancelling your VAT registration with the Federal Tax Authority when you no longer meet the legal requirements to remain registered. It’s done online through the FTA’s EmaraTax portal and becomes effective only after FTA approves the application and any final filings or dues are cleared. Who Must or May Deregister ? Must deregister: If you stop making taxable supplies and do not expect to make any in the next 12 months, you must apply to deregister. May deregister: If your taxable turnover for the past 12 months is below the voluntary threshold of AED 187,500 and you do not expect to exceed it in the next 30 days, you may be eligible to deregister. Other situations: Business closure, liquidation, mergers/acquisitions, or legal status changes... --- > Learn how to avoid VAT deregistration penalty UAE, steps, documents, and FTA fine vat deregistration. Call My Taxman: +971-543223140. - Published: 2025-11-10 - Modified: 2025-11-10 - URL: https://mytaxman.ae/how-to-avoid-vat-deregistration-penalty-uae/ - Categories: VAT - Tags: FTA Fine Vat Deregistration, VAT Deregistration, Vat Deregistration Deadline Penalty, VAT Deregistration In UAE, Vat Deregistration Penalty UAE If your business no longer meets VAT requirements, missing the deregistration deadline can quickly lead to fines—making VAT deregistration a critical compliance step, not an afterthought. In this guide, learn exactly how to avoid the Vat Deregistration Penalty UAE by following the FTA’s timelines, documentation rules, and final return requirements. The FTA requires deregistration within 20 business days once you become eligible, and late applications trigger monthly penalties up to AED 10,000. What is VAT Deregistration? VAT deregistration is the process of canceling your VAT registration (TRN) when you cease taxable activities or no longer meet the turnover thresholds for registration. The FTA allows deregistration via the EmaraTax portal once eligibility conditions are met. Who must deregisterYou stop making taxable supplies and do not expect to make any in the next 12 months. Your taxable supplies or taxable expenses are below the voluntary registration threshold and not expected to exceed it in the next 30 days. For voluntary registrants, deregistration is not allowed within the first 12 months from registration. Key thresholds to knowMandatory VAT registration threshold: AED 375,000 (annual taxable supplies and imports). Voluntary registration threshold: AED 187,500. The 20-business-day deadlineOnce you meet the legal conditions to deregister, you must apply within 20 business days. Missing this window leads to administrative penalties that accumulate monthly until capped. The VAT deregistration penalty in the UAE Penalty amount: AED 1,000 for the first month of delay, plus AED 1,000 for every additional month, capped at AED 10,000. The penalty accrues on... --- > Discover expert Accounting Services In Dubai for construction firms. Audit, compliance, payroll, VAT, cost control. Call My Taxman +971-543223140 - Published: 2025-11-07 - Modified: 2025-11-17 - URL: https://mytaxman.ae/accounting-services-in-dubai-for-construction-firms/ - Categories: Accounting - Tags: Accounting services, Accounting Services In Dubai, Accounting Services In UAE, Best Tax consultants in Dubai, My Taxman Running a construction firm in Dubai does not only need business insight and engineering expertise, but also outstanding financial discipline and adherence to the rules. Due to the rapid development of the UAE construction industry, driven by ambitious government projects, smart city initiatives, and the influx of foreign investment, businesses are becoming increasingly complex in their cost tracking, contract billing, VAT, and cash flow management. Professional Accounting Services In Dubai are necessary at this point. In this guide, learn to find the right accounting partner that can revolutionize your contracting business, make it compliant, and enable your growth. The Unique Financial Landscape of Construction Firms in Dubai The construction industry is among the most complicated industries in terms of financial management. Why? Projects are usually months or even years long and are paid in phases, with holdbacks and variable costs. Contractors need to deal with a large number of suppliers, subcontractors, and clients, each having different payment schedules and terms. Taxation in the UAE has become a strong compliance requirement, including VAT, Corporate Tax, and proper bookkeeping. Construction accounting is not merely the balancing of books, but rather granular project costing, risk analysis, and multi-site coordination. Management of these issues and their conversion into strategic benefits is handled by Accounting Services in Dubai, tailored to construction companies. Why Construction Companies Need Specialized Accounting Services It is no longer sufficient to do general accounting. Services needed by construction businesses include:Project-Based Cost Tracking: The outflows for materials, labor, permits, and equipment for... --- > Explore Dubai Corporate Tax updates, compliance rates, & digital filing ease. Trust My Taxman, UAE's best Tax consultants. Call +971-543223140. - Published: 2025-11-06 - Modified: 2025-11-11 - URL: https://mytaxman.ae/dubai-corporate-tax-2025/ - Categories: Corporate Tax - Tags: Best Tax consultants in Dubai, Corporate Tax, Corporate Tax in UAE, Dubai Corporate Tax, My Taxman, UAE Corporate Tax The economic environment in the UAE is rapidly changing, with the introduction of Dubai Corporate Tax and a culture of compliance steadily transforming business in the nation. The Federal Tax Authority (FTA) records that more than 640,000 companies have been registered under the UAE corporate tax regime, with the highest level of compliance in the country. For businesses in Dubai and the UAE, it is important to understand the new Corporate Tax regulations, digital filing solutions, and compliance measures to succeed in a competitive market. This is the ultimate guide to the complicated corporate tax landscape in the UAE, covering all the details your business needs to know and understand how UAE Corporate Tax compliance has become more user-friendly through technology, recent changes in regulations, and why hiring the Best Tax consultants in Dubai such as My Taxman can make sure that your tax payments are made with accuracy and business insight. Overview of Corporate Tax in the UAE and Dubai On June 1, 2023, the introduction of corporate tax in the UAE became a major turning point in the transition to formalised taxation to correspond to the global standards and economic diversification strategies. The tax rate is 9 per cent on taxable profits over AED 375,000, and smaller firms are taxed at 0 per cent on profits below this amount. Registration, filing, and payment are all done digitally via the FTA EmiraTax platform, making compliance easier and lessening administrative burdens. The compliance applies to all the mainland firms, free... --- > Learn UAE Excise Tax: new sweetened drinks policy, compliance, and why My Taxman is your Best Tax Consultant in Dubai. Call +971-543223140. - Published: 2025-11-03 - Modified: 2025-11-11 - URL: https://mytaxman.ae/uae-excise-tax-2025-your-complete-guide/ - Categories: Excise Tax - Tags: Best Tax consultants in Dubai, Excise Tax, Excise Tax UAE, My Taxman, UAE Excise Tax Dubai and the UAE have taken major strides towards modernizing their tax framework, with the UAE Excise Tax emerging as a crucial regulatory lever since its introduction in 2017. Used to curb consumption of products deemed harmful—including tobacco, energy drinks, sweetened beverages, and electronic smoking devices—excise taxation is designed to shift consumer behaviour and boost public health while supporting national revenue. The latest updates, announced in 2025, mean major changes for sweetened drinks: a new tiered system taxes beverages according to their sugar content, requiring businesses to review recipes and registration processes to stay compliant. Whether you’re a manufacturer, importer, retailer, or simply looking to understand how excise affects your operations in Dubai and the UAE, this guide offers everything you need to know about Excise Tax UAE, the essential legal updates, compliance challenges, and why My Taxman is your top advisor for all excise and tax matters. What is the UAE Excise Tax? UAE Excise Tax is an indirect tax imposed on goods that are harmful to health or the environment. Introduced in October 2017 and expanded over subsequent years, the UAE Excise Tax targets tobacco products, energy drinks, carbonated drinks, sweetened beverages, and electronic cigarettes or vaping liquids. The purpose is twofold: to discourage unhealthy consumption and generate revenue for public programs and infrastructure. Excise Tax applies to manufacturers, importers, stockpilers, and anyone releasing excise goods into the UAE market. Excise Tax Rates in the UAE (2025) Excise Good CategoryExcise Tax RateNotesTobacco & Tobacco Products100%Highest rate to discourage... --- > Expert Audit Services In Dubai & UAE. Statutory, external, internal audits from Top 20 Audit Firms. Best Tax Consultants in Dubai. - Published: 2025-10-29 - Modified: 2025-11-17 - URL: https://mytaxman.ae/audit-services-in-dubai/ - Categories: Audit Services - Tags: Audit Services, Audit Services In Dubai, Auditing Firms In Dubai, External Audit Services, Internal Audit Services, My Taxman In today's complex regulatory environment, professional Audit Services In Dubai have become essential for businesses seeking transparency, compliance, and financial credibility. Whether you're operating a mainland company, free zone entity, or international branch in the UAE, understanding audit requirements and selecting the right Auditing Firms In Dubai can make the difference between seamless operations and costly regulatory complications. With the introduction of corporate tax in 2023, enhanced VAT compliance requirements, and stricter free zone regulations in 2025, the demand for professional Audit Services In UAE has never been higher. This comprehensive guide explores everything you need to know about auditing in Dubai—from mandatory statutory audits to specialized services, choosing the right firm, and ensuring your business stays ahead of evolving compliance standards. Whether you're a startup entrepreneur, established SME, or multinational corporation, this guide provides actionable insights to navigate the UAE's auditing landscape successfully. What Are Audit Services? Audit Services involve the systematic examination and verification of a company's financial records, statements, processes, and internal controls by qualified professionals to ensure accuracy, compliance, and transparency. These independent assessments provide stakeholders—including investors, banks, regulatory authorities, and shareholders—with reliable assurance about the financial health and operational integrity of a business. Purpose of Professional AuditsThe primary objectives of Audit Services In UAE include: Regulatory Compliance: Ensuring adherence to UAE Commercial Companies Law, Federal Tax Authority (FTA) regulations, and industry-specific requirements Financial Accuracy: Verifying that financial statements present a true and fair view of the company's financial position Risk Management: Identifying financial and operational... --- > Maximize your taxes with professional Tax Plannings in UAE. Learn intelligent Corporate Tax Planning with My Taxman - Published: 2025-10-28 - Modified: 2025-10-28 - URL: https://mytaxman.ae/smart-tax-plannings-strategies-for-uae-businesses/ - Categories: Tax, Corporate Tax - Tags: Corporate Tax Plannings, My Taxman, Tax Planning, Tax Planning in UAE, Tax Planning Services In the ever-evolving financial landscape of the UAE, Tax Planning has become essential for businesses aiming to remain compliant while maximizing profitability. Whether you’re a start-up, SME, or a large corporation, proper Tax Planning in UAE ensures your business operates efficiently, legally, and strategically. My Taxman offers assistance to businesses in creating tailored Tax Plannings Services that are compliant with the UAE Corporate Tax Law, lower liabilities, and improve long-term financial performance. Allow us to show you how tax plannings can propel your business forward. What is Tax Planning and Why It Matters? It is the systematic organization of your finances so as to reduce tax burden in an efficient and legitimate way. It means looking at the sources of income, the expenses of business, investment, and company structure to stay within regulations while gaining the highest amount of savings. With the UAE embracing Corporate Tax as the axis of fiscal policy, Corporate Tax Plannings is no longer a choice—it's imperative. Benefits of Tax Plannings are:Lower net tax burdenImproved management of cash flowsCompliance with UAE Tax LawSustainability of business over the long termImproved profitability Understanding the UAE Corporate Tax Planning The UAE has implemented Corporate Tax at a standard rate of 9% on business profits above AED 375,000 from June 2023. Although the rate is modest, inefficient planning or non-compliance will entail substantial financial charges. Points to note:Taxable income is arrived at after the deduction of allowable business expenses. Free zone companies are eligible for exemption under certain conditions. Transfer... --- > UAE imposes 15% Tax On Multinational Companies from 2025. Expert guide on DMTT, compliance, planning & exemptions. Call My Taxman today! - Published: 2025-10-27 - Modified: 2025-10-27 - URL: https://mytaxman.ae/tax-on-multinational-companies-in-uae/ - Categories: Corporate Tax, Tax - Tags: Corporate Tax, Corporate Tax in UAE, My Taxman, Tax Advisors In Dubai, Tax Consultants In Dubai, Tax On Multinational Companies In UAE, UAE Corporate Tax The United Arab Emirates has entered a transformative phase in its tax landscape with the implementation of a 15% Tax On Multinational Companies effective January 1, 2025. This landmark reform aligns the UAE with the OECD's Pillar Two Global Minimum Tax framework, ensuring that large multinational enterprises (MNEs) pay a fair share of taxes while maintaining the country's competitive business environment. For businesses operating in the UAE—whether you're a global corporation, regional headquarters, or local enterprise working with MNCs—understanding the new Domestic Minimum Top-up Tax (DMTT) is crucial for strategic planning, compliance, and financial optimization. This comprehensive guide covers everything you need to know about UAE Corporate Tax for multinationals, including eligibility criteria, compliance requirements, penalties, exemptions, and actionable strategies to navigate this new regulatory landscape successfully. What Is Tax On Multinational Companies in UAE? The Tax On Multinational Companies refers to the UAE's newly implemented Domestic Minimum Top-up Tax (DMTT), a supplementary tax mechanism designed to ensure large multinational enterprise groups pay a minimum effective tax rate of 15% on their UAE operations. Key Features of the DMTT:Effective Date: Applies to fiscal years beginning on or after January 1, 2025 Tax Rate: 15% minimum effective tax rate on profits Global Framework: Aligns with OECD Pillar Two GloBE (Global Anti-Base Erosion) Model Rules Revenue Threshold: Targets MNEs with consolidated global revenues of €750 million or more Qualifying Status: The UAE DMTT has received OECD Transitional Qualified Status, meaning it meets international standards This reform represents the UAE's commitment to international... --- > Learn how VAT on services provided outside the UAE. Understand zero-rated, out-of-scope, and 5% VAT rules with My Taxman’s expert guidance. - Published: 2025-10-24 - Modified: 2025-10-24 - URL: https://mytaxman.ae/vat-on-services-provided-outside-the-uae/ - Categories: VAT - Tags: My Taxman, VAT, vat on overseas services, VAT on Services, VAT Services, vat services in Dubai What Is VAT and How It Works in the UAE VAT on Services is a consumption tax applied at each stage of the supply chain, but ultimately borne by the end consumer. The UAE implemented VAT on January 1, 2018, at a standard rate of 5% on most goods and services. Some supplies, however, fall into special categories:Zero-rated (0%): For example, exports, certain international services, and sectors like education or healthcare. Exempt: Financial services, residential leases, bare land, and local passenger transport are typically exempt. When a supply is zero-rated, a business can recover input VAT (VAT paid on purchases related to providing that service). In contrast, with exempt supplies, input Value Added Tax generally cannot be reclaimed. Domestic vs. International Service SuppliesDomestic services (i. e. , provided within the UAE) are taxed at 5%. International services (i. e. , provided to clients outside the UAE) may be zero-rated or out-of-scope, depending on the Value Added Tax rules, especially the “place of supply” principle. The “Place of Supply”: Why It Matters The “place of supply” determines where a service is considered to have been provided for Value Added Tax purposes. This is a critical factor in deciding whether Value Added Tax applies — and at what rate. Under Article 29 of the UAE VAT law (Federal Decree-Law No. 8/2017), the default rule is that the place of supply is where the supplier is based. However, Article 30 provides important exceptions: certain types of services may have a different place of... --- > Easily cancel your VAT registration in UAE. Learn eligibility, documents, and FTA steps with My Taxman experts.Contact today at +971-543223140 . - Published: 2025-10-22 - Modified: 2025-11-10 - URL: https://mytaxman.ae/how-to-cancel-vat-registration-in-uae/ - Categories: VAT - Tags: Deregistration, My Taxman, Vat Registration, VAT Registration in UAE When you are conducting business in the UAE and realize that you no longer need to remain VAT registered, you should be aware of how to cancel your VAT registration in UAE adequately. The concept of deregistering off of VAT (i. e. notifying the Federal Tax Authority (FTA) that you are no longer a taxable person) is not merely a form that needs to be filled in but to ensure that all of your liabilities have been clarified, your records modified and that you are obligated to do so. Get a no hassle step-by-step process with Let My Taxman. 1. When Should You Consider Cancelling VAT Registration? There are two main scenarios:Mandatory deregistrationYou need to apply to deregister because:Your company has totally ceased to provide taxable goods or services. This is because your taxable supplies (including imports) that you had in the previous 12 months were less than AED 187,500 and that you do not anticipate that you could reach it in the next 30 days. Voluntary deregistrationShould you still wish to continue with your business, but would prefer to deregister, then you can do so provided:The amount of your taxable supplies during the past 12 months is below AED 375,000. Note: In the case you registered on a voluntary basis, then you cannot submit a deregistration application within 12 months of registration. 2. Are You Eligible For VAT Registration in UAE? Before you fill in the application, make sure that you satisfy one (or more) of the following eligibility... --- > Expert guide to VAT Audit in UAE. Learn FTA audit process, requirements, penalties & preparation tips. Professional VAT Audit Services. - Published: 2025-10-17 - Modified: 2025-10-17 - URL: https://mytaxman.ae/vat-audit-in-uae/ - Categories: VAT - Tags: My Taxman, VAT Audit, VAT Audit In UAE, VAT Audit Services, VAT in UAE, What Is VAT Audit Since the introduction of Value Added Tax in 2018, the Federal Tax Authority (FTA) has intensified its audit activities to ensure businesses across the UAE comply with VAT in UAE regulations. A VAT Audit is not merely a routine check—it's a comprehensive examination of your business's tax records, VAT returns, and compliance practices that can significantly impact your operations if you're unprepared. With new VAT audit protocols taking effect in March 2025, understanding the audit process has become more critical than ever for businesses of all sizes. Whether you operate a startup, SME, or large enterprise in Dubai, Abu Dhabi, or any UAE emirate, this comprehensive guide will equip you with everything you need to know about VAT Audit Services, preparation strategies, compliance requirements, and how to navigate FTA audits successfully. What is a VAT Audit? A VAT Audit is an official inspection conducted by the Federal Tax Authority to verify that businesses are accurately charging, collecting, and remitting the 5% VAT on taxable supplies while following all regulatory requirements. According to Federal Decree-Law No. 47 of 2022 on the Taxation of Corporations and Businesses, the FTA has the authority to conduct comprehensive audits of commercial records, information, and data related to businesses conducting taxable activities. The audit process involves:Examination of VAT returns for selected periodsCross-checking returns against invoices and accounting recordsReview of input tax claims and output tax calculationsVerification of tax invoice complianceAssessment of record-keeping practicesAnalysis of VAT refund claims and adjustments Types of VAT Audits in UAE The... --- > Looking for CFO Services Dubai? My Taxman offers expert CFO advisory services, accounting solutions & financial planning for UAE businesses. - Published: 2025-10-16 - Modified: 2025-10-16 - URL: https://mytaxman.ae/cfo-services-dubai/ - Categories: CFO Services - Tags: CFO Accounting Services, CFO Advisory Services, CFO Services Dubai, CFO Services For Small Business, CFO Services UAE, My Taxman Running a successful business in Dubai's competitive landscape requires more than just operational expertise—it demands strategic financial leadership that can navigate complex regulations, optimize cash flow, and drive sustainable growth. CFO Services Dubai has emerged as a game-changing solution for businesses across the UAE, offering access to C-suite financial expertise without the substantial costs associated with hiring a full-time Chief Financial Officer. Whether you're a startup navigating your first year, an SME scaling operations, or an established enterprise seeking financial transformation, professional CFO advisory services can be the difference between surviving and thriving in today's dynamic business environment. Understanding CFO Services in the UAE Market What Are CFO Services? CFO Services UAE encompass a comprehensive suite of financial leadership solutions designed to provide businesses with strategic guidance, financial planning, compliance management, and performance optimization. Unlike traditional accounting or bookkeeping services, CFO advisory services focus on forward-looking strategies that align financial decisions with your business objectives. These services include:Financial planning and budgetingStrategic decision supportCash flow managementRisk assessment and mitigationRegulatory complianceFundraising and investor relationsMergers and acquisitions supportPerformance analytics The Evolution of CFO Services in DubaiThe business landscape in Dubai has witnessed a significant transformation in how CFO services are delivered and consumed. Traditional full-time CFO appointments have given way to flexible, outsourced models that provide the same level of expertise at a fraction of the cost. This shift has been accelerated by: Introduction of UAE's corporate tax regimeStricter VAT compliance requirementsGrowing complexity of financial regulationsNeed for specialized knowledge Modern CFO accounting services... --- > Discover expert accounting services in UAE. Get comprehensive bookkeeping, tax compliance, and financial solutions for your Dubai business. - Published: 2025-10-15 - Modified: 2025-10-15 - URL: https://mytaxman.ae/accounting-services-in-dubai/ - Categories: Accounting - Tags: Accounting And Bookkeeping Services In Dubai, Accounting services, Accounting Services In Dubai, Accounting Services In The UAE, My Taxman Selecting the right accounting services can determine whether a business thrives or struggles in the competitive UAE market. With the introduction of corporate tax regulations, VAT compliance requirements, and evolving financial reporting standards, businesses across Dubai and the broader Emirates need more than basic bookkeeping—they need strategic financial partners who understand local regulations and global best practices. My Taxman offers comprehensive accounting services that combine technical expertise with industry-specific knowledge, helping businesses maintain compliance while optimizing their financial performance. Why Professional Accounting Services Matter in the UAE The UAE business environment has undergone significant transformation since the introduction of Federal Corporate Tax through Decree-Law No. 47 of 2022. Accounting services in UAE now require professionals who can interpret complex tax laws, maintain audit-ready records, support accurate tax filing, and advise on structuring and optimization strategies. Modern accounting extends far beyond data entry—it encompasses strategic advisory that helps businesses navigate regulatory requirements while identifying cost-saving opportunities and growth pathways. Businesses operating in Dubai face unique challenges including mandatory VAT registration, corporate tax obligations, and jurisdiction-specific compliance requirements that vary between mainland, free zone, and offshore structures. Professional accounting and bookkeeping services in Dubai provide the technical foundation needed to meet these obligations while freeing business owners to focus on core operations. The right accounting partner transforms financial management from a compliance burden into a competitive advantage. Key Services Offered by Leading Accounting Firms Corporate Tax Compliance and PlanningThe UAE corporate tax framework applies a 0% rate on taxable income up to... --- > Discover the top 10 tax advisors in Dubai for 2025. Compare corporate tax, VAT & excise tax consultants & find the best tax advisors in Dubai. - Published: 2025-10-11 - Modified: 2025-11-17 - URL: https://mytaxman.ae/top-10-tax-advisors-in-dubai/ - Categories: Tax - Tags: Corporate Tax Advisors, My Taxman, Tax Advisors In Dubai, Tax Advisory Services, Tax Advisory Services Dubai, Tax Consultants In Dubai, Top 10 Tax Advisors In Dubai, Top 10 Tax Consultants In Dubai Tax Advisors In Dubai are playing a crucial role in today’s fast-evolving business environment, especially as the UAE tightens regulations around Corporate Tax, VAT, and Excise Tax compliance. With new tax laws, global reporting requirements, and evolving economic landscapes, choosing experienced Tax Advisors in Dubai can make the difference between business success and costly compliance mistakes. Whether a startup or an established company, having access to reliable Tax Advisory Services Dubai supports tax planning, risk management, and financial growth. If you’re searching for “Tax Advisor Near me” or “Tax Consultants In Dubai” offering customized advisory, transfer pricing, valuation, due diligence, and fundraising, this list of the top 10 firms for 2025 will help you make an informed choice. Read on, compare services, and feel free to contact My Taxman at +971-543223140 for a confidential consultation. Top 10 Tax Advisors In Dubai 1. Shuraa Tax AdvisorsShuraa Tax stands out for its deep expertise in UAE Corporate Tax, risk management, VAT advisory, tax planning, and transfer pricing. Renowned for a client-centric approach, their team delivers tailored tax solutions and training, ensuring businesses remain compliant and efficient. Their comprehensive portfolio includes VAT, transfer pricing, and risk management, with strong technology support and regulatory insight for swift compliance. 2. Farahat & Co. Consistently ranked among the top Corporate Tax Advisors in Dubai, Farahat & Co. combines decades of local experience with technically sound tax solutions for both multinational and SME clients. They are known for effective corporate tax advisory, payroll and HR solutions, trademark... --- > Discover professional tax advisory services in Dubai with My Taxman. Specialized corporate tax advisory, excise tax compliance & transfer pricing. - Published: 2025-10-10 - Modified: 2025-10-15 - URL: https://mytaxman.ae/tax-advisory-services-dubai/ - Categories: Tax - Tags: Corporate Tax Advisory Services, My Taxman, Tax Advisory Services, Tax Advisory Services Dubai, Tax Compliance And Advisory Services, Tax Consultants In Dubai, Top 10 Tax Consultants In Dubai Navigating the complexities of tax regulations in the UAE requires expert knowledge and precise planning. Tax Advisory Services are essential for businesses across Dubai and the wider UAE to ensure they comply with constantly evolving tax laws while optimizing their financial position. At My Taxman, our dedicated team of experts provides comprehensive advisory and consulting services tailored to your business needs. From Corporate Tax Advisory Services to VAT Compliance, Excise Tax advisory, CFO services, and beyond, we help businesses minimize risks and maximize efficiency. Reach out to us at +971-543223140 to discuss your tax advisory needs. What Are Tax Advisory Services? Tax Advisory Services refer to professional consulting aimed at helping businesses and individuals manage their tax obligations efficiently. The purpose is twofold: to ensure compliance with the law and to strategically plan finances to reduce tax liability within legal boundaries. Key elements of tax advisory include:Tax Planning: Structuring business operations and transactions to optimize tax outcomes. Compliance: Ensuring timely and accurate filing of tax returns and reports. Risk Management: Identifying and mitigating tax audit risks and disputes. Regulatory Updates: Keeping clients informed about new tax laws and policies. Strategic Advisory: Providing CFO-like financial advice to align tax strategy with business goals. Why Corporate Tax Advisory Services Are Vital in the UAE The introduction of the UAE Corporate Tax Law in 2023 marked a major shift in the taxation landscape. Corporate Tax Advisory Services assist companies in understanding and adapting to these changes by offering:Guidance on Tax Registration: Advising on... --- > Learn the complete 2025 guide for VAT deregistration in UAE. Discover reasons for VAT deregistration and process to cancel VAT registration. - Published: 2025-10-09 - Modified: 2025-11-11 - URL: https://mytaxman.ae/vat-deregistration-uae-2025-complete-guide/ - Categories: Tax, VAT - Tags: How to Cancel VAT Registration in UAE, My Taxman, Reasons For Deregistration Of VAT, Value Added Tax, VAT, VAT Deregistration, VAT Deregistration In UAE, VAT in UAE, Vat Registration VAT Deregistration Services in UAE is the formal process by which a business cancels its VAT registration with the UAE Federal Tax Authority (FTA). When your business deregisters, it officially stops charging VAT on its sales, and can no longer reclaim VAT on its purchases. This step is crucial for businesses that no longer meet the mandatory VAT registration thresholds or have ceased taxable activities. Understanding when and how to deregister ensures compliance and helps avoid penalties, which can be significant if the process isn’t handled timely and correctly. In the UAE, VAT deregistration can be mandatory or voluntary depending on the circumstances. For example, if your annual taxable supplies drop below AED 187,500, you may be required to deregister. Alternatively, you may choose to deregister voluntarily if your sales fall below AED 375,000 but do not drop below the mandatory threshold. The deregistration process is done online via the EmaraTax portal, where you submit your application along with supporting documents such as financial statements or proof of business closure. This guide provides clarity on why VAT deregistration might be the right move for your business, the step-by-step procedure to follow, common reasons for deregistration, and crucial deadlines to keep in mind. Staying informed on this process is vital to ensure your business remains compliant and avoids fines. For expert assistance, tax consultants in Dubai like My Taxman can simplify your deregistration journey and handle the technicalities for you. Get professional VAT deregistration assistance . What is VAT Deregistration? VAT... --- > Learn everything about VAT on construction services in UAE, its rates, exemptions, and compliance in 2025. - Published: 2025-10-08 - Modified: 2025-10-18 - URL: https://mytaxman.ae/vat-on-construction-services-in-dubai/ - Categories: Corporate Tax, Tax - Tags: Benefits of Credit Notes, Credit Note, My Taxman, Tax credit note, UAE VAT Rules on Credit Notes, VAT credit note, VAT in UAE, VAT on Construction Services, vat on construction uae​ The UAE heavily relies on the construction industry in the context of economic growth. The sector is very important in the development of the country in residential high-rise buildings, as the commercial buildings. However, the construction services taxation has changed dramatically as the UAE enacted the VAT (Value Added Tax) in 2018. VAT on construction services is a vital thing that needs to be understood especially by the developers, contractors, subcontractors and property owners. The My Taxman guide is a clear overview of how VAT is applied to the construction industry, registration requirements, tax, and a roadmap of fulfilling the same by 2025. VAT Construction Services in the UAE? The VAT on construction services may be defined as the 5% value added tax levied on the supply of goods and services in the construction sector including building materials, labor, design, and supervision. The UAE Federal Tax Authority (FTA), indicated that the majority of construction activities (commercial or residential) are liable to VAT, unless mentioned otherwise. In simple terms, as a contractor or developer, providing services related to construction, you are forced to charge and collect VAT on what you have provided. Applicability of VAT in the Construction Industry In the UAE, VAT is implemented under the condition of the kind of the project and the nature of supply. And now feel through the circumstances:1. Commercial PropertiesThe commercial buildings are 5 % value added tax construction and sale. These are offices, malls, warehouses and industrial units. The developers are allowed to... --- > Understand what a credit note is, when to issue it, its format, VAT rules, and benefits. Learn how MyTaxMan helps you stay compliant and error-free - Published: 2025-10-07 - Modified: 2025-10-18 - URL: https://mytaxman.ae/what-is-a-credit-note/ - Categories: Corporate Tax, Tax - Tags: Benefits of Credit Notes, Credit Note, My Taxman, Tax credit note, UAE VAT Rules on Credit Notes, VAT credit note A credit note (or credit memo) is a formal document issued by a seller to a buyer to adjust or reduce the value of a previously issued invoice. Rather than cancelling the original invoice, the credit notes amends it, reflecting changes such as returned goods, billing errors, discounts, or service reductions. It ensures both parties’ accounting and tax records remain accurate. In the world of business, accounting, and taxation, precision is everything. Mistakes in e-invoicing, returns, or post-sale discounts can lead to disputes, cash flow issues, or noncompliance with tax authorities. One tool that helps correct such errors is the credit notesIn effect, a credit notes acknowledges that the original invoice was overstated—whether due to returns, cancellations, discounts, or errors—and adjusts the buyer’s liability accordingly. It acts as an audit trail for both parties and ensures accounting transparency. From a tax standpoint, in regimes like VAT, issuing a credit notes ensures that sales tax or VAT figures are corrected in both the supplier’s and recipient’s books, thereby keeping tax reporting legitimate. Legal & Regulatory Framework (With Special Emphasis on VAT) In tax regimes that levy sales tax or VAT credit notes are more than bookkeeping tools—they are legally significant adjustments. For example, in the UAE’s VAT system, the Federal Tax Authority (FTA) prescribes precise rules and formats for Tax Credit Notes. Here are key regulatory points (which may apply differently in your country or jurisdiction):It must refer to the original invoice (by number, date, and supply reference) to create a... --- > Everything about UAE Domestic Minimum Top-Up Tax (DMTT): applicability, calculation, compliance, and planning for multinationals. - Published: 2025-10-06 - Modified: 2025-10-06 - URL: https://mytaxman.ae/domestic-minimum-top-up-tax/ - Categories: Corporate Tax, Tax - Tags: Domestic Minimum Top-Up Tax, My Taxman, Tax Consultants In Dubai, Top-Up Tax In The UAE, UAE DMTT The introduction of the Domestic Minimum Top-Up Tax (DMTT) is a major step in the UAE’s journey to align with global tax regulations—especially the OECD’s Pillar Two rules. Effective from financial years starting on or after 1 January 2025, the DMTT aims to ensure that large multinational enterprises (MNEs) operating in the UAE pay at least a 15% minimum effective tax rate, closing the gap on low-taxed profits and curbing profit shifting. If your business is approaching the EUR 750 million global revenue mark, or if you advise MNEs, understanding Top-Up Tax in the UAE and DMTT compliance has become vital. This comprehensive guide will demystify the law, walk you through compliance steps, and share how expert Tax Consultants in Dubai can help optimize, plan, and future-proof your tax strategy. For immediate expert help, call +971-543223140. What is the Domestic Minimum Top-Up Tax (DMTT)? The DMTT is a tax imposed on low-taxed UAE entities within large multinational groups to ensure that profits earned in the UAE are subject to at least a 15% effective tax rate. This aligns with the OECD/G20’s BEPS 2. 0 "Pillar Two" initiative, preventing base erosion and profit shifting by large conglomerates. Key Features of UAE DMTT:Applies to MNEs with globally consolidated revenues of EUR 750 million+ in two of the last four fiscal years. Effective January 1, 2025. Ensures a minimum 15% effective tax rate (ETR) on UAE-sourced profits. DMTT is calculated on profits generated within the UAE, using methodologies aligned with the OECD ‘GloBE’... --- > Discover everything about UAE Corporate Tax Penalty in 2025, Corporate Tax Non-Compliance risks and fines. - Published: 2025-10-04 - Modified: 2025-10-04 - URL: https://mytaxman.ae/uae-corporate-tax-penalty/ - Categories: Corporate Tax, Tax - Tags: Corporate Tax Non-Compliance, Corporate Tax Penalties, My Taxman, Tax Consultants In Dubai, UAE Corporate Tax Penalty The UAE has introduced a corporate tax regime starting from 2024, marking a pivotal transformation in its taxation landscape. Businesses operating within the UAE must now ensure full compliance with the Federal Decree-Law No. (47) of 2022 on Corporate Tax, or face strict penalties. Lack of compliance, commonly termed Corporate Tax Non-Compliance, can lead to heavy financial penalties and negative impacts on a company's reputation. In this detailed guide, you will learn everything about the UAE Corporate Tax Penalty, including types of penalties, deadlines, consequences, recent government penalty waivers, and how expert Tax Consultants in Dubai can help businesses avoid fines and operate efficiently. For reliable tax advice tailored to your needs, contact My Taxman at +971-543223140. Understanding the UAE Corporate Tax Law and Penalties The Corporate Tax Law applies to all business entities in the UAE unless exempted by specific provisions. Penalties are enforced by the Federal Tax Authority (FTA) to ensure strict compliance. The penalties are set out under Cabinet Decision No. (75) of 2023, which governs fines related to violations of the Corporate Tax Law and the Tax Procedures Law. Key Penalties for Corporate Tax Non-ComplianceLate registration penalty: AED 10,000 flat fee for failure to register for corporate tax within the prescribed deadline. Late filing or non-filing of tax returns: AED 500 per month for the first 12 months of delay, escalating to AED 1,000 per month from the 13th month onwards until the return is filed. Failure to keep or maintain accurate records: AED 10,000 for... --- > Learn the updated process of VAT Return Filing in the UAE in 2025. Step-by-step guide to file VAT return and expert advice from My Taxman. - Published: 2025-10-02 - Modified: 2025-11-06 - URL: https://mytaxman.ae/vat-return-filing-in-uae-complete-2025-guide-for-businesses/ - Categories: VAT, Tax - Tags: File VAT Returns, How To File VAT Return In UAE, My Taxman, Tax Consultants In Dubai, VAT Compliance, VAT Return Filing, VAT Return Filing In UAE For any business operating in the UAE, VAT Return Filing is not just a regulatory requirement—it's a foundation for healthy cash flow, good reputation, and legal operation. With regular FTA updates, precision in VAT return filing in the UAE and understanding the process has never been more critical. In this ultimate guide, discover the rules, the step-by-step process, documentation, penalties, advanced tips, and how expert tax consultants in Dubai ensure seamless compliance for your company. What is VAT Return Filing in UAE? VAT Return Filing in the UAE refers to the formal process where VAT-registered businesses report all taxable transactions, purchases, sales, and VAT collected and paid to the Federal Tax Authority (FTA) for a defined tax period. The report—submitted through the FTA's EMARATAX portal using Form VAT201—captures output VAT (on sales), input VAT (on business-related purchases), and special transactions like reverse charges, imports/exports, exempt supplies, and zero-rated supplies. Accurate VAT reporting allows the FTA to determine whether a business owes money to the government or can reclaim VAT paid on expenses. This process forms the backbone of UAE’s robust VAT compliance regime, which enhances business transparency, strengthens public finances, and builds trust with investors and customers alike. Who Must File VAT Return in UAE? All VAT-registered entities must participate in VAT return filing in UAE. Compulsory Registrants: Businesses with taxable annual turnover exceeding AED 375,000 must register for VAT and file regular returns. Voluntary Registrants: Businesses and individuals with taxable turnover between AED 187,500 and AED 375,000 can opt... --- > Learn everything about the Tax Registration Number (TRN) in UAE for 2025. Step-by-step guide to obtain your TRN, requirements and its benefits. - Published: 2025-10-01 - Modified: 2025-10-01 - URL: https://mytaxman.ae/tax-registration-number-in-the-uae/ - Categories: Tax, Tax Consultant UAE - Tags: Corporate Tax Compliance, Excise Tax, How To Get Tax Registration Number In UAE, My Taxman, Tax Consultants In Dubai, Tax Registration Number, Tax Registration Number UAE, VAT Compliance In today’s dynamic business environment in the UAE, obtaining a Tax Registration Number (TRN) is essential for every business owner. Whether you are a startup or an established entity, getting your TRN ensures compliance with UAE’s tax laws, primarily VAT and Corporate Tax regulations. This comprehensive guide explains everything about the Tax Registration Number, how to get it, eligibility, benefits, and how expert Tax Consultants in Dubai can help simplify the process. For personalized assistance, call us at +971-543223140. What is a Tax Registration Number (TRN)? A Tax Registration Number (TRN) in the UAE is a unique 15-digit identifier issued by the Federal Tax Authority (FTA) to businesses and individuals registered for tax purposes. This number is essential for any taxable entity, allowing it to comply with VAT, Excise Tax, and Corporate Tax laws. The TRN format consists of three parts: the first three digits represent the FTA, the middle nine digits are a unique identifier for the business, and the last three are check digits to verify authenticity. Businesses must display the TRN on all tax-related documents such as invoices, credit notes, and receipts to validate their tax registration and demonstrate compliance with UAE regulations. Without a TRN, businesses cannot legally charge VAT or file tax returns, which can lead to penalties and fines. Why is the TRN Important for Businesses? The TRN is critical for several reasons:Legal Compliance: It is a mandatory legal requirement for businesses that surpass specified turnover thresholds to register and obtain a TRN to... --- > Discover the latest UAE E-Invoicing ministerial decisions, timelines, and how the Electronic Invoicing System enhances VAT compliance. - Published: 2025-09-30 - Modified: 2025-09-30 - URL: https://mytaxman.ae/the-new-e-invoicing-ministerial-decisions/ - Categories: Tax, VAT - Tags: E Invoice Meaning, E-Invoicing, Electronic Invoicing System, My Taxman, Tax Consultants In Dubai, VAT, VAT Compliance The UAE Ministry of Finance has recently announced two critical ministerial decisions that define the scope, obligations, and implementation timeline of the Electronic Invoicing System (E-Invoicing) in the country. This landmark move is set to transform the way businesses handle invoices and comply with VAT regulations, bringing enhanced transparency, speed, and accuracy. But what exactly is e-Invoicing, and why is it vital for every business operating in the UAE? In this blog, My Taxman breaks down everything you need to know about the new E-Invoicing framework, its impact on VAT compliance, and how your business can prepare to embrace this digital shift seamlessly. What is E-Invoicing and Why is it Important? E-Invoicing, or electronic invoicing, refers to the creation, issuance, transmission, and storage of invoices in a structured electronic format instead of traditional paper or PDF versions. It enables automated processing using machine-readable data formats like XML or JSON, making invoice management more efficient and reducing manual errors. The e invoice meaning goes beyond a simple digital copy—it ensures real-time reporting and validation of invoice data with the tax authority, which helps in tightening VAT compliance, minimizing fraud, and speeding up tax collection. The UAE’s Electronic Invoicing System mandates all VAT-registered businesses to adopt e-Invoicing in phases, a significant step towards modernizing the country’s tax ecosystem. Key Highlights of the UAE’s Electronic Invoicing System The UAE Ministry of Finance (MoF) issued two important ministerial decisions in September 2025, formally setting the scope, obligations, and phased implementation schedules for the mandatory... --- > Discover Dubai gold VAT refund process, eligibility, and tips for tourists to claim VAT refund smoothly and efficiently.Contact at +971-543223140 . - Published: 2025-09-29 - Modified: 2025-10-18 - URL: https://mytaxman.ae/vat-refund-on-gold-in-dubai/ - Categories: Tax, VAT - Tags: Corporate Tax, Excise, My Taxman, Tax Consultant In Dubai, Tax Evasion, Tax Evasion Penalties, VAT, VAT Refund, VAT Refund on Gold Buying gold from Dubai's Gold Souk or from one of its many jewelry stores is a unique experience. You have an opportunity to purchase beautiful gold items and enjoy great prices at the same time. As an added bonus, travelers can enjoy a VAT refund for eligible gold purchases, making it even more cost-effective. This guide provides comprehensive information on VAT gold refunds, including the refund process, criteria, and procedures, to ensure visitors receive the best value for their purchases What is VAT Refund? In Dubai, Value-Added Tax is a 5% tax applicable to all goods and services, including gold jewelry and coins. As an incentive for tourists, the Dubai Government allows visitors to reclaim the VAT incurred on purchases. Why Claim VAT Refund on Gold? To save a cool 5% on the purchase of gold jewelry, coins, and bars. Increase the value of gold gifts and investments. To benefit from Dubai's global reputation for gold and for gold purchases. Eligibility for VAT Refund To claim a Value-Added Tax refund on gold, tourists must meet the following criteria. The purchaser must not be a UAE resident The purchase must be made from a vendor signed on to Dubai's Tax Refund for Tourists schemeGoods have to be exported out of the UAE and can't be consumed within the country. All documents relevant to the claim process have to be kept and presented. Step-by-Step VAT Refund Process for Gold Shop at Participating Stores : Go to authorized shops that participate in the... --- > Learn how the UAE prosecutes tax evasion & what penalties apply. See 2025 FTA updates, waiver conditions, and compliance controls. - Published: 2025-09-26 - Modified: 2025-10-18 - URL: https://mytaxman.ae/tax-evasion-uae-penalties/ - Categories: Tax - Tags: Corporate Tax, Excise, My Taxman, Tax Consultant In Dubai, Tax Evasion, Tax Evasion Penalties, VAT The UAE treats tax evasion as a criminal offense, with prison terms and fines up to three times the amount evaded, alongside steep administrative penalties for late registration, late returns, missing records, and obstructing audits. This makes robust compliance a business-critical priority in 2025. The Federal Tax Authority (FTA) has also intensified enforcement and public communications, urging timely returns and payments to avoid penalties, while launching targeted waivers for specific first-period registration failures under strict conditions. Tax evasion undermines trust, invites criminal prosecution, and can jeopardize licenses, banking relationships, and investor confidence in the UAE's tightly governed tax framework. This guide explains tax evasion and non-compliance risks across Corporate Tax, VAT, and Excise, outlines applicable penalties and recent updates, and shares practical controls to keep operations compliant and audit-ready in 2025. For expert, end-to-end compliance, speak to My Taxman at +971-543223140 for Corporate Tax, VAT, Excise, CFO services, accounting, transfer pricing, valuation, due diligence, and fundraising support. What does tax evasion mean in the UAE? Definition: Deliberate actions to avoid paying due tax, such as hiding income, falsifying records, or obstructing the Federal Tax Authority (FTA), are criminal offenses under the Federal Decree-Law on Tax Procedures, separate from administrative non-compliance like late filing. Examples: Intentionally not paying payable tax, understating revenue to avoid registration or thresholds, issuing tax invoices without registration, submitting false information, or destroying records required by law. Penalties: Prison and/or a fine of not less than the evaded tax and up to three times that amount; additional... --- > Learn how to file your UAE Corporate Tax returns on time. Discover deadlines, transfer pricing thresholds, connected person rules from My Taxman. - Published: 2025-09-25 - Modified: 2025-09-25 - URL: https://mytaxman.ae/corporate-tax-returns/ - Categories: Tax, Corporate Tax, VAT - Tags: Corporate Tax, Corporate Tax Registration, Corporate Tax Registration in the UAE, Corporate Tax Returns, My Taxman, Tax Consultant In Dubai The UAE's Federal Tax Authority (FTA) has released comprehensive guidance on Corporate Tax returns, which is crucial for businesses preparing to file their UAE Corporate Tax return in 2025 and beyond. This guide clarifies filing deadlines, contents of the return, schedules, reporting obligations, and what taxpayers need to do to stay compliant. This blog covers everything you need to know about Corporate Tax returns in the UAE, including filing timelines, transfer pricing rules, connected persons disclosure, and important practical steps. For expert help with your Corporate Tax returns and full tax advisory services, contact My Taxman at +971-543223140. Why UAE Corporate Tax Returns Matter UAE Corporate Tax applies at 9% on taxable income exceeding AED 375,000. Filing Corporate Tax returns is compulsory for all taxable persons, including companies, certain natural persons, and free zone businesses. The FTA requires Corporate Tax returns to include detailed schedules based on the taxpayer's profile and elections. Failure to file correct Corporate Tax returns on time may attract penalties and disrupt business operations. Understanding the New Corporate Tax Return System Modular Return StructureThe Corporate Tax return on the EmaraTax portal includes up to 20 schedules. Only relevant schedules appear, depending on the taxpayer's registration details, elections, and activities. This modular approach helps tailor the return to each business's specifics. Transfer Pricing & Related Party ReportingDisclosure is mandatory when aggregate related-party transactions exceed AED 40 million. Separate disclosure is required for any transaction category exceeding AED 4 million. Connected persons' benefits must be reported if aggregate... --- > Learn how to complete Corporate Tax Registration in the UAE.Understand corporate tax requirements, free zone rules documents & avoid penalties. - Published: 2025-09-23 - Modified: 2025-09-23 - URL: https://mytaxman.ae/corporate-tax-registration-in-the-uae/ - Categories: Tax, Corporate Tax, VAT - Tags: Corporate Tax Registration, Corporate Tax Registration in the UAE, My Taxman, Tax Consultant In Dubai, UAE VAT Exemptions, VAT Exempt, VAT Exempt Supplies List, VAT Exemption UAE As the new system of corporate tax registration (Federal Decree-Law No. 47 of 2022) is now active in the UAE, knowledge of corporate tax registration in the country is imperative to all businesses, regardless of whether they are located in the mainland or in a free zone. EmaraTax portal forms the compliance channel. This guide will be created by My Taxman and will clarify what corporate tax registration is, who should register, what documents are required, how the registration is performed through EmaraTax, what peculiarities of free zones are required, and what timeframes and results should be expected. With this advice, you will be able to evade fines and stay within the bounds of the UAE law. What is Corporate Tax Registration? Definition & Purpose: Corporate tax registration is a process whereby a taxable entity obtains a Corporate Tax Registration Number (CTRN) issued by the Federal Tax Authority (FTA) of the United Arab Emirates, thus meeting its statutory requirement under the corporate tax law. This is done to make the entity a taxable person under the law. Legal Authority: Federal Decree-Law No. 47 of 2022, relating to the Taxation of Corporations and Businesses, will take effect on 1 June 2023 and will be applicable to fiscal periods beginning on or after that date. Who Needs to Register for Corporate Tax in UAE All Juridical Persons: This group consists of companies registered in the UAE, both on the mainland and in Free Zones. Registration is a mandatory requirement even when an... --- > Learn all about UAE VAT exemptions and the difference between exempt vs zero-rated VAT in UAE with updated rules, examples & guidance. - Published: 2025-09-22 - Modified: 2025-09-22 - URL: https://mytaxman.ae/uae-vat-exemptions/ - Categories: Tax, VAT - Tags: Difference Between Exempt And Zero Rated VAT In UAE, My Taxman, Tax Consultant In Dubai, UAE VAT Exemptions, VAT Exempt, VAT Exempt Supplies List, VAT Exemption UAE Value Added Tax (VAT) has been a key part of the UAE’s tax framework since January 1, 2018. While most goods and services are taxed at the standard rate of 5%, there are important categories that either enjoy UAE VAT exemptions or are zero-rated. If your business provides or deals with VAT exempt supplies—or you are unsure whether a supply is exempt or zero rated—you need clear, up-to-date guidance. At My Taxman, we specialise in helping businesses navigate VAT, corporate tax, transfer pricing, accounting, and more. In this article, we’ll explain the VAT exemption UAE rules, provide a VAT exempt supplies list, clarify the difference between exempt and zero rated VAT in UAE, including recent updates, implications for businesses, and plenty of examples. If you want personalised guidance, call us now at +971-543223140. What Are “VAT Exempt” and “Zero-Rated” Supplies? DefinitionsVAT Exempt Supplies / VAT Exemption UAEExempt supplies are those goods or services that are outside the scope of VAT. That means no VAT is charged on these supplies, and the supplier cannot recover input VAT (i. e. , VAT paid on purchases, expenses) related to those supplies. Zero-Rated VAT SuppliesZero-rated supplies are technically still taxable supplies, but with a VAT rate of 0%. The supplier charges 0% VAT (so the customer pays no VAT) but can recover input VAT on expenses linked to those supplies. Why the Distinction MattersInput Tax Recovery: If you supply zero-rated items, you may claim credits for input VAT; exempt supplies do not allow that.... --- > Corporate Tax Rules: Understand UAE ministerial decisions impacting free zone companies—qualifying vs excluded activities. - Published: 2025-09-20 - Modified: 2025-09-30 - URL: https://mytaxman.ae/uae-free-zone-companies-corporate-tax-rules/ - Categories: Tax, Corporate Tax - Tags: Corporate Tax, Corporate Tax Rules, Free Zone Companies, Ministry Of Finance, My Taxman, Tax Consultant In Dubai Recently, the UAE Ministry of Finance released two important ministerial decisions meant to introduce clarity and long-term guidance to the implementation of corporate tax rules for free zone companies. These landmark decisions—Ministerial Decision No. 229 of 2025 about qualifying and excluded activities, and Ministerial Decision No. 230 of 2025 with respect to recognized price reporting agencies—are crucial in deciding the scope of corporate tax relief and liabilities for free zone companies. This blog will deconstruct the major points of these decisions, their impact on free zone companies, and why businesses in the UAE's changing corporate tax regime need to comprehend these updates. Understanding the Corporate Tax Rules for Free Zone Companies The UAE corporate tax law, which was published in June 2023, levies a 9% standard rate on business profits, subject to some provisions allowing firms in specific free zones to benefit from a 0% tax rate on qualifying income. Relief is subject to firms satisfying rigorous conditions, including activity types, compliance with regulatory requirements, and adherence to the guidelines provided by the Ministry of Finance. The recent ministerial decisions further clarify and operational framework for free zone companies to optimize their corporate tax status. Ministerial Decision No. 229 of 2025: Qualifying and Excluded Activities This decision revokes the earlier 2023 decision and thoroughly amends the definition and list of activities that are eligible for the preferential rate of 0% corporate tax for free zone companies. The main highlights are:Expanded Qualifying Activities: The definition of qualifying commodity trading has been... --- > How to get a Tax Residency Certificate in UAE via EmaraTax: eligibility, 183-day rule, required documents, fees, timelines, and rejections. - Published: 2025-09-19 - Modified: 2025-09-19 - URL: https://mytaxman.ae/how-to-get-a-tax-residency-certificate-in-uae/ - Categories: Tax - Tags: Federal Tax Authority UAE, How To Get Tax Residency Certificate In Dubai, My Taxman, Tax Consultant In Dubai, Tax Residency Certificate, Tax Residency Certificate In UAE A Tax Residency Certificate in UAE (also known as Tax Domicile Certificate), an official document, is issued by the Federal Tax Authority (FTA) to determine UAE tax residency for domestic and treaty purposes, with relief under Double Taxation Avoidance Agreements (DTAAs). The certificate helps companies and people to reduce or exempt withholding taxes on cross-border income such as dividends, interest, and royalties based on the specific treaty, promoting cash flow and compliance outcomes. Submissions are made online via the EmaraTax platform, where users select certificate type, upload documents, pay fees, and receive digital issuance once they've been approved. In the 2024–2025 revisions, the FTA rendered timing rules, eligibility, and fee levels for TRCs more detailed, with domestic and treaty categories distinguishable, with different rates for registrants and non-registrants, and optional printed reports. With greater inspection of physical presence and substance, proper preparation of robust documentation and aligning the 12 months with travel and finance records is essential to a problem-free approval. My Taxman's end-to-end support streamlines eligibility determination, documentation, EmaraTax filing, and clarifications, thereby facilitating faster issuance and ensuring correct treaty usage. What is a Tax Residency Certificate in UAE? A Tax Residency Certificate is an FTA-issued certificate confirming that a person (individual or company) is a tax resident in the UAE for a specified period, used domestically and to access DTAA benefits in the foreign jurisdiction concerned. The FTA issues three certificate types via this service: TRCs for treaty purposes, TRCs for domestic purposes, and Commercial Activities Certificates, each... --- > Discover how to secure a Tax Clearance Certificate in the UAE. Learn step-by-step application, & why it’s crucial for businesses in 2025. - Published: 2025-09-17 - Modified: 2025-09-18 - URL: https://mytaxman.ae/tax-clearance-certificate-uae/ - Categories: Tax - Tags: Federal Tax Authority UAE, My Taxman, Tax Clearance Certificate, Tax Clearance Certificate UAE A Tax Clearance Certificate (TCC) UAE is an essential certificate for businesses and individuals who wish to enjoy smooth compliance with Federal Tax Authority (FTA) directives. In an age of tightened regulation and technological advancement, it is an assurance that all tax payments—VAT, Corporate Tax, and Excise Tax—have been remitted without arrears or fines. Whether the company is closing down, restructuring, acquiring government contracts, or transferring ownership, the TCC is basic proof of financial solvency and legal compliance. Without it, the outcome is severe delays, like rejected applications, delayed business transactions, and even fines. Government agencies, banks, and investors increasingly demand this certificate to confirm tax compliance. For professionals and business people, possession of a TCC not only generates confidence but also ensures smooth operations in all legal and financial dealings in the UAE's dynamic business environment. What is a Tax Clearance Certificate? A Tax Clearance Certificate (TCC) UAE is an official confirmation by the Federal Tax Authority (FTA) that an individual or company has settled all overdue taxes, VAT, Corporate Tax, and Excise Tax. The certificate not only covers current tax liability but also removes any penalties, fines, or arrears in filings. It is a requirement for business closure as well as major changes, such as a change of ownership or disposal of assets. It acts as an insurance against future compliance problems or regulatory delays. Who needs a Tax Clearance Certificate in the UAE? Tax Clearance Certificates are not just for closures or liquidations; they are compulsory in:Company... --- > Discover everything about VAT on Gold in UAE —rules, exemptions, zero-rating, refunds, and reverse charge mechanism explained by My Taxman. - Published: 2025-09-16 - Modified: 2025-10-25 - URL: https://mytaxman.ae/vat-on-gold-in-uae/ - Categories: Tax, Excise Tax, VAT - Tags: Federal Tax Authority UAE, Gold Tax in UAE, Sales Tax in Dubai, VAT Exemption, VAT in Dubai, VAT on Gold in UAE, Vat Registration, VAT Registration UAE Recently, the UAE has implemented some changes regarding VAT on Gold in UAE, which is expected to enhance its status as a major trading center of precious metals in the world. These changes are important to businesses dealing in gold, platinum, silver, or jewellery, particularly those dealing in it wholesale or in investment-grade products. Gold has been a special part of the UAE economy, whether it is glittering jewellery shops in Dubai Gold Souk or massive bullion trading centres. Since the implementation of Value Added Tax (VAT) in 2018, individual buyers and jewellery businesses have been forced to learn how VAT on Gold in UAE and the Emirates in general functions. What Are the Recent Changes in VAT on Gold in UAE ? The UAE has a standard VAT rate of 5 % on goods and services, including gold. It has also introduced a new VAT exemption for some high-purity gold, silver, and platinum transactions between VAT-registered businesses. Exception: This exemption is not applicable to retail sales (end consumers), or to products that are of a purity less than specified, unless standards are satisfied. What is the significance of the Exemption on VAT on Gold in UAE? The new regime is associated with a number of advantages:Reduced transaction costs - It has reduced the 5% VAT charged between registered parties in trading investment-grade precious metals. Greater market attractiveness - The exemption will make the UAE more attractive to international traders and investors. Stimulate the economy - This policy will assist... --- > Discover comprehensive insights on sales tax in Dubai, VAT registration in UAE, and the role of the Federal Tax Authority in 2025 by My Taxman - Published: 2025-09-15 - Modified: 2025-10-25 - URL: https://mytaxman.ae/sales-tax-in-dubai/ - Categories: Tax, Excise Tax, VAT - Tags: Federal Tax Authority UAE, Sales Tax in Dubai, VAT in Dubai, Vat Registration, VAT Registration UAE Sales Tax in Dubai in 2025, Dubai continues to be a dynamic hub for businesses, offering a tax-friendly environment with a robust regulatory framework. Understanding the variation of sales tax in Dubai, particularly Value Added Tax (VAT), corporate tax, and the role of the Federal Tax Authority (FTA), is crucial for businesses operating in the UAE. This guide provides an in-depth look into these aspects, ensuring that your business remains compliant and strategically positioned for growth. Understanding Sales Tax in Dubai Sales tax in Dubai, commonly referred to as VAT in Dubai, is a consumption tax levied on the value added to goods and services at each stage of production or distribution. Introduced on January 1, 2018, at a standard rate of 5%, VAT has become a significant component of the UAE's tax system. The end consumer ultimately bears the tax, while businesses act as intermediaries, collecting and remitting VAT to the Federal Tax Authority (FTA). VAT Registration Requirements Businesses must register for VAT if their taxable supplies and imports exceed the mandatory registration threshold of AED 375,000 over the previous 12 months. Voluntary registration is permitted if the total value of taxable supplies and imports tax or taxable expenses exceeds AED 187,500 in the same period. Non-resident businesses making taxable supplies in the UAE are required to register for VAT, regardless of the value of their supplies FTA UAE. VAT Filing and Compliance Registered businesses are required to file VAT returns quarterly or annually, depending on their turnover. These... --- > Golden rules of accounting for small businesses. Learn key principles and explore expert accounting services in UAE by My Taxman - Published: 2025-09-13 - Modified: 2025-09-15 - URL: https://mytaxman.ae/golden-rules-of-accounting/ - Categories: VAT, Accounting, Excise Tax, Tax - Tags: Accounting services, Accounting Services In Dubai, Accounting Services In The UAE, Golden Rules of Accounting, My Taxman, VAT, VAT Consultants In Dubai, VAT in UAE, VAT On Educational Services In UAE, Vat Registration, VAT Registration UAE Accurate accounting is the backbone of any successful business. For small business owners in the UAE, understanding the Golden Rules of Accounting is more than just good practice—it’s essential for compliance and growth. Whether you’re managing day-to-day transactions or preparing for audits, these principles ensure your books remain error-free and transparent. Partnering with professional accounting services in Dubai can further simplify the process, allowing you to focus on running your business while experts handle the numbers. What Are the Golden Rules of Accounting? The Golden Rules of Accounting form the core framework of double-entry bookkeeping. They help classify financial transactions into three primary types of accounts: Personal, Real, and Nominal. Each category follows a specific rule for debits and credits. Personal Accounts – Debit the Receiver, Credit the GiverExample: If you pay a supplier, the supplier’s account is credited because they are the giver of goods or services. Real Accounts – Debit What Comes In, Credit What Goes OutExample: Purchasing office furniture involves debiting the furniture account (what comes in) and crediting cash or a bank account (what goes out). Nominal Accounts – Debit All Expenses and Losses, Credit All Incomes and GainsExample: When you earn service revenue, credit the revenue account; when you pay rent, debit the rent expense account. Why Small Business Owners Must Master These Rules Financial Accuracy: Prevents errors and misstatements in your books. Regulatory Compliance: UAE businesses must comply with stringent VAT and tax requirements. Investor Confidence: Clear and transparent records attract potential investors and... --- > VAT on educational services in UAE in 2025. Understand registration, compliance, exemptions, and advice from top VAT consultants in Dubai. - Published: 2025-09-12 - Modified: 2025-09-12 - URL: https://mytaxman.ae/vat-on-educational-services-in-uae/ - Categories: VAT - Tags: My Taxman, VAT, VAT Consultants In Dubai, VAT in UAE, VAT On Educational Services In UAE, Vat Registration, VAT Registration UAE In 2025, the education sector in the UAE faces unique Value Added Tax (VAT) regulations that require careful compliance for schools, universities, and related entities. VAT on educational services in UAE is designed to balance affordability for students with fiscal transparency for institutions. While qualifying institutions may benefit from zero-rating, other services such as uniforms, registration, and technology purchases often attract standard VAT rates. Strategic VAT compliance, including timely VAT registration and audits, ensures that educational businesses stay profitable and legally protected. For tailored advisory and compliance, VAT consultants in Dubai like My Taxman offer expert services every step of the way. VAT on Educational Services: Overview VAT was introduced in the UAE in January 2018 at a standard rate of 5%. Most goods and services are subject to VAT, but educational services benefit from several exceptions and special provisions. Educational institutions must analyze each revenue stream—tuition fees, uniforms, exams, transport, technology—to apply the correct VAT rate or exemption. The framework is updated regularly to reflect best practices and minimize ambiguities. What Services Are Zero-Rated? Educational services may be zero-rated if:Provided by qualifying nurseries, schools, or universities (government-owned or privately accredited under UAE law). Aligned with a recognized curriculum regulated by various federal or local education authorities (like the Ministry of Education or KHDA). Involve direct teaching activities, school trips linked to the curriculum, and other educational events. Key zero-rated examples:Tuition fees for recognized coursesFees directly related to classroom teaching. Officially approved examination and assessment feesZero-rating allows institutions to reclaim... --- > Understand the Double Taxation Avoidance Agreement (DTAA) with UAE in 2025- TRC, exemption vs credit, withholding & MAP dispute resolution. - Published: 2025-09-10 - Modified: 2025-09-10 - URL: https://mytaxman.ae/what-is-a-double-taxation-avoidance-agreement/ - Categories: Tax - Tags: Corporate Tax, Double Taxation Avoidance Agreement, DTAA, My Taxman, TAX, Tax Consultant UAE, What Is Double Taxation Avoidance Agreement The United Arab Emirates has built a comprehensive Double Taxation Avoidance Agreement ecosystem to prevent the same income being taxed twice and to support seamless cross-border operations. A Double Taxation Avoidance Agreement coordinates taxing rights, reduces withholding leakages, and creates predictable outcomes for investors and businesses. In the UAE, DTAA use now aligns closely with corporate tax, economic substance, and documentation standards like the Tax Residency Certificate. For decision-makers, this means better cash flow, fewer disputes, and a stronger foundation for international expansion. For full-service DTAA planning and compliance in the UAE, contact My Taxman at +971-543223140. What is a Double Taxation Avoidance Agreement? A Double Taxation Avoidance Agreement (DTAA) is a two-country treaty that splits taxing rights between two countries in order to avoid the double taxation of income. It typically:Defines categories of income (profits from business, dividends, interest, royalties, capital gains)Establishes taxing rights between source and residence countriesGives relief through exemption or tax credit for foreign taxesClarifies permanent establishment and beneficial ownership criteriaPractically, the provisions of DTAA cross-engage with the law of the land. In the UAE, understanding "What is a double taxation avoidance agreement" helps determine whether income is taxed in the UAE, abroad, or both with credits, and what evidence needs to be filed to claim relief. Why the UAE prioritizes DTAAs The UAE continues to place focus on DTAAs to promote trade, investment, and tax certainty with global standards. Strategic advantages include:Lower friction on cross-border payments and capital flowsPredictable taxing rights that reduce the risk... --- > Transfer pricing in the UAE explained: arm’s length rules, TP methods, documentation thresholds, APAs, filings, and penalties. - Published: 2025-09-08 - Modified: 2025-09-08 - URL: https://mytaxman.ae/transfer-pricing-in-the-uae/ - Categories: Transfer Pricing - Tags: My Taxman, TAX, Tax Consultant UAE, Transfer Pricing, Transfer Pricing In The UAE Transfer pricing in the UAE has come into the limelight with the passage of the Corporate Tax Law, which requires all taxable persons to price related party and connected person transactions at arm's length and substantiate results with robust evidence where thresholds are met. According to the OECD Transfer Pricing Guidelines, the UAE regime has disclosure forms, master and local files, and now an Advance Pricing Agreement (APA) channel to seek future certainty for advanced intercompany arrangements. This end-to-end guide provides an overview of transfer pricing, including who is subject to compliance, accepted methods, documentation requirements, deadlines, penalties, audit procedures, and practical steps for implementing compliance in ERP and policies for 2025 filing. What is transfer pricing? Transfer pricing refers to the prices used when companies within the same group buy or sell goods to each other, and those prices must be set as if they were dealing with an unrelated, independent business (this is called the arm's length principle). In simple terms: if a UAE subsidiary sells a service to its parent company, it should charge about the same price it would charge any outside customer for that same service. Why it existsTax rules require fair, market‑based prices between related companies so profit isn't artificially shifted to low‑tax places. Using arm's length prices helps each country (including the UAE) tax the right share of a group's profit. Everyday examplesGoods: A UAE distributor buys products from its group factory abroad. The transfer price should be similar to what a non‑group... --- > Understand VAT on E-commerce business in UAE: registration, place of supply, B2C/B2B, imports, marketplaces, invoices, and penalties. - Published: 2025-09-06 - Modified: 2025-09-06 - URL: https://mytaxman.ae/vat-on-e-commerce-businesses-in-uae/ - Categories: VAT - Tags: Corporate Tax, My Taxman, TAX, Tax Consultant UAE, VAT, VAT Exemptions, VAT On E-commerce Businesses UAE e-commerce expansion and the related increased attention by the Federal Tax Authority (FTA) on the effect of VAT on internet sales of goods and digital services mean "VAT on E-commerce business" is a priority for founders and finance teams in 2025. While the standard VAT rate is 5%, the requirement for compliance depends on customer type (B2C/B2B), residency, roles in marketplaces, place of supply, imports/exports, and rules for electronic services, requiring correct mapping to avoid penalties and cash-flow loss. This guide distils the latest official releases and best practices available in the market to help UAE businesses streamline, bill, file, and audit-proof their Value Added Tax in the UAE procedure, complete with helpful checklists and samples tailored to digital commerce platforms. What is being treated as E-commerce for VAT in the UAE? FTA's E‑Commerce VAT Guide records supplies by electronic means, including online stores, marketplaces, applications, and websites, for both physical goods and electronic services transferred by the internet. The executive regulations and VAT law determine the place of supply, whether it is taxable, and who will be responsible for VAT based on the criteria of the supplier, recipient, and goods/services' location at the moment of supply. It should be noted that if the company is an intermediary, a marketplace operator, or a direct seller, liability to charge and pay VAT can vary depending on the situation, as described in FTA guidance. VAT registration thresholds and who must register VAT registration is required for taxable imports and supplies exceeding... --- - Published: 2025-09-03 - Modified: 2025-09-03 - URL: https://mytaxman.ae/accounting-services-in-the-uae/ - Categories: Accounting - Tags: Accounting, Accounting Services In The UAE, Corporate Tax, My Taxman, TAX, Tax Consultant UAE, VAT, VAT Exemptions Accounting Services In The UAE have become essential for businesses of all sizes navigating a rapidly evolving regulatory framework—and especially with the introduction of UAE corporate tax and VAT requirements, the accuracy and reliability of financial management are more critical than ever. Today’s business leaders are interested not just in cost savings but in leveraging accounting services to achieve strategic growth, risk management, and long-term financial health. This comprehensive guide will help you choose the right accounting services Dubai and across the UAE, understand core compliance requirements, and implement best practices for 2025—whether you are a startup, SME, or multinational. Understanding Accounting Services In The UAE Professional accounting services cover a spectrum from basic bookkeeping to advanced financial planning and statutory audits. They address transaction recording, reconciliation, financial statement preparation, VAT and tax compliance, payroll management, budgeting, and more. Bookkeeping: Ensure daily transaction recording, accounts receivable/payable management, and reconciliation are handled to the highest standards. Financial Accounting: Prepares and reviews financial statements that comply with International Financial Reporting Standards (IFRS), mandatory for most UAE businesses post-corporate tax introduction. Tax & VAT Services: Registration for UAE VAT, preparation and filing of returns, and advice on corporate tax compliance. Payroll & Advisory: Services aligned with UAE labor laws and Wage Protection System (WPS), plus virtual CFO and financial advisory options. Compliance Standards: IFRS & Local Regulations IFRS Compliance: Most businesses exceeding AED 50 million must report under full IFRS for transparent, comparable financial statements. IFRS for SMEs: Businesses below AED 50 million... --- > Learn how Crypto Tax works in the UAE in 2025: when taxes on crypto gains apply, VAT exemptions and corporate tax on virtual assets. - Published: 2025-09-01 - Modified: 2025-09-01 - URL: https://mytaxman.ae/crypto-tax-in-uae/ - Categories: Tax - Tags: Accounting, Corporate Tax, Crypto Tax In UAE, My Taxman, TAX, Tax Consultant UAE, VAT, VAT Exemptions The UAE has rapidly formalized the rules surrounding virtual assets, making Dubai and other Emirates a global hub for regulated, innovation-friendly crypto activity, while clarifying how Crypto Tax applies in practice. Individuals generally benefit from no personal income tax on crypto gains, but corporate tax and VAT can apply where activity amounts to a business or falls into specified taxable services. For 2025, the Federal Tax Authority has confirmed VAT exemptions on transfers and conversion of virtual assets, applied retroactively, alongside clarifications for mining and custody. What counts as a virtual asset in the UAE? "Virtual assets" in the UAE refer to digital representations of value that can be traded, transferred, and used for investment purposes, excluding fiat currency and conventional financial securities such as stocks and bonds. This definition underpins how VAT, exemptions, and related compliance rules apply to crypto and tokens across exchanges, wallets, and service providers. The regulatory alignment provides a clearer baseline for determining whether a transaction constitutes a financial service and whether VAT applies. Is crypto legal in Dubai and the UAE? Crypto is legal in Dubai and is regulated through frameworks such as the Virtual Assets Regulatory Authority (VARA), which issues licenses and enforces compliance for activities outside financial free zones. The system aims to safeguard investors and maintain market integrity while fostering innovation in digital assets. Businesses engaging in virtual asset activities typically must register and comply with licensing and ongoing obligations. When is crypto tax-free vs taxable in the UAE? Individual investment:... --- > FTA guidance for UAE Corporate tax: retain records for 7 years, file and pay within 9 months. Understand documents, risks, and workflows. - Published: 2025-08-29 - Modified: 2025-08-29 - URL: https://mytaxman.ae/uae-corporate-tax/ - Categories: Corporate Tax, News - Tags: Corporate Tax, Corporate Tax Law, My Taxman, TAX, Tax Advisors In Dubai, Tax Consultant UAE, Tax Consultants In Dubai, UAE Corporate Tax The Federal Tax Authority has issued a fresh reminder, emphasizing that all Taxable Persons must maintain complete records and documentation to substantiate the information filed in UAE Corporate tax returns and any other submissions to the Authority. The advisory notes that both Taxable and Exempt Persons must be able to substantiate their tax positions with evidence, while meeting the deadline to file and pay within nine months of the end of each financial year to avoid penalties. The update reinforces a compliance-first approach built on reliable records, timely filings, and digital submissions through EmaraTax. What the announcement covers Record-keeping obligation: Maintain all documents supporting tax returns and any forms submitted so that the Authority can verify the reported Taxable Income under the regime. Who is included: Obligations apply to Taxable Persons and also to Exempt Persons, who must retain documentation that proves eligibility for exemption. Key timelines: Submit UAE Corporate tax returns and settle payable amounts within nine months from the end of each Tax Period; late submissions may attract administrative penalties. How long must records be kept? Minimum retention: Keep relevant records and documentation for at least seven years from the end of the Tax Period to which they relate, enabling verification and audits. Covered evidence: Business records should include transaction ledgers, asset and liability registers, and a record of shares held at period end to underpin computations. Exempt dossier: Exempt Persons should maintain documents that substantiate the exemption basis to demon Nine‑month filing and payment—what it means in... --- > Discover the Top 10 Tax Consultants in Dubai. Get expert compliance and advisory support. Call My Taxman at +971-543223140. - Published: 2025-08-27 - Modified: 2025-11-18 - URL: https://mytaxman.ae/top-10-tax-consultants-in-dubai/ - Categories: Tax, Tax Consultant UAE - Tags: Accounting, Corporate Tax, My Taxman, TAX, Tax Advisors In Dubai, Tax Consultant UAE, Tax Consulting Firms In Dubai, Top 10 Tax Consultants In Dubai, VAT Choosing an authentic tax consulting firm in Dubai can be a make-or-break factor for the compliant management of corporate tax, VAT, excise, and transfer pricing, or it can turn them into costly pitfalls under FTA regulations in the UAE. This 2025 list identifies the Top 10 Tax Consultants in Dubai, encompassing international networks and top-rated local firms, allowing decision-makers to confidently match services with registration, return filing, audits, dispute management, and ongoing advisory services. What to look for in a tax advisor in Dubai Corporate tax readiness: Evaluate knowledge of UAE Corporate Tax law, group structuring, exempt income, free zone nuances, and filing cadence to avoid penalties. VAT and excise depth: Assess track record in VAT registration, filings, health checks, and excise category determinations for regulated goods. Transfer pricing expertise: Ensure OECD-aligned documentation, master/local files, and CbCR advisory for multinationals operating in Dubai. Top 10 Tax Consultants in Dubai PwC Middle EastOverview: PwC's Middle East and wider Dubai network of firms supports large businesses and government-linked companies with end-to-end tax transformation, including corporate tax, VAT, and transfer pricing, in alignment with regional regulations and OECD standards. Core services: Corporate tax readiness and implementation, entity structuring, compliance operating models, VAT optimization and reviews, transfer pricing documentation and policy design, and deal and transaction tax. Ideal for: Enterprises with complex group structures, cross-border operations, or high scrutiny on tax governance that require enterprise-grade methodologies and sustained change management. Differentiators: Deep sector benches, integrated legal/consulting capabilities, and strong analytics-led tax risk management that... --- > Understand Gold Tax in UAE: 5% jewellery VAT, zero-rated bullion, reverse charge rules, and refund eligibility for buyers and investors in 2025. - Published: 2025-08-25 - Modified: 2025-10-28 - URL: https://mytaxman.ae/gold-tax-in-uae/ - Categories: Tax - Tags: Accounting, Corporate Tax, Gold Tax in UAE, My Taxman, TAX, Tax Consultant UAE, VAT, VAT on Gold in UAE, VAT refunds on gold The Gold Tax in UAE is an essential issue to jewellery buyers, bullion investors, and gold dealers in the context of VAT, reverse charge, and refunds in 2025. This guide describes what is taxed, what is zero-rated, who can claim VAT refunds on gold, and how businesses should comply with practical tips and UAE-specific updates. My Taxman is a UAE-based advisory firm that offers end-to-end VAT compliance, corporate tax, accounting, and advisory services to individuals and companies involved in gold and precious metals transactions What counts as VAT on gold in the UAE in 2025? The general VAT rate is 5% on most goods and services, and this applies to gold jewellery and non-investment gold bought at retail in the UAE. Precious metals that are investment grade may be zero-rated when they satisfy certain purity and form requirements, and no VAT is charged at the point of sale, but input VAT is recoverable by businesses. The UAE does not charge any personal income Tax or capital gain tax on individual gains on gold investment, and this keeps the investment environment appealing, but VAT rules still apply to supplies. Investment-Grade vs Jewellery: How Gold is Taxed Zero-rated investment gold: Gold of at least 99% purity (usually 24K) in tradable forms, such as bars or coins, is zero-rated provided it is correctly classified and documented by the supplier. Jewellery and non-investment gold: 18K, 21K, and 22K ornaments (chains, bangles, rings, pendants) are normally liable to 5% VAT on the entire invoice, including... --- > Stay updated on VAT Late Payment Penalty UAE 2025.Learn about vat penalties in UAE, vat return penalty in UAE & avoid costly fines-MyTaxman. - Published: 2025-08-23 - Modified: 2025-10-15 - URL: https://mytaxman.ae/vat-late-payment-penalty-uae/ - Categories: VAT, Tax - Tags: Best Tax Consultant in UAE, Best VAT consultancy in Dubai, Dubai Custom Duty, Dubai Import Tax, My Taxman, Tax Consultant In Dubai, Tax Consultant UAE, UAE Import Tax, VAT consultancy services in Dubai, VAT Late Payment Penalty UAE, vat penalties in UAE With businesses in the UAE trying to remain compliant, it is more important than ever to understand the VAT Late Payment Penalty UAE. In this blog, we demystify the existing framework of VAT penalties in the UAE, including how VAT return penalties work, and provide you with practical tips to evade the heavy fines. With the most recent 2025 updates, this guide will keep you well-informed and prepared. The 2025 Penalty Structure for VAT Late Payment Penalties in the UAE When companies default on paying VAT on time, the VAT Late Payment Penalty UAE comes into play with a heavy hand. By 2025, the Federal Tax Authority will charge the following penalties:A 10 % penalty of the unpaid tax on or after the due date. Another 4 % penalty is charged if payments is not made within seven days of the due date. A daily penalty of 1% of the amount of VAT due, beginning one month after the dues date, up to a maximum of 300% of the amount of VAT due. This framework demonstrates how swiftly VAT penalties in the UAE can grow, and therefore, it is essential to ensure compliance promptly. Why the VAT Late Payment Penalty in the UAE Is So Harsher in 2025 The strict penalty regime of FTA does not end with late payment. When non-compliance is not limited to payment:Late VAT returns are subject to fines: AED 1,000 on the first offence and AED 2,000 on subsequent offences within 24 months. Other frequent... --- > VAT consultancy services in Dubai for registration, filing, refunds, and audits. Stay compliant with FTA rules. Book a free consultation today. - Published: 2025-08-20 - Modified: 2025-10-15 - URL: https://mytaxman.ae/vat-consultancy-services-in-dubai/ - Categories: VAT, Tax, Tax Consultant UAE - Tags: Best Tax Consultant in UAE, Best VAT consultancy in Dubai, Dubai Custom Duty, Dubai Import Tax, My Taxman, Tax Consultant In Dubai, Tax Consultant UAE, UAE Import Tax, VAT consultancy services in Dubai Why VAT consultancy services in Dubai matter nowSince January 1, 2018, VAT in UAE has been in force with a standard rate of 5 percent, mandatory registration of businesses exceeding AED375,000 in taxable turnover, and voluntary registration of businesses exceeding AED187,500, necessitating the need to seek the services of expert VAT consultancy services in Dubai to ensure compliance and growth. Damages for non-compliance (late registration, late filing, or incorrect returns) can be significant, so choosing VAT consultancy services in Dubai that ensure accurate and timely filings is critical. What My Taxman offers as VAT consultancy services in Dubai My Taxman provides end-to-end VAT consultancy services in Dubai, including VAT registration, return filing, compliance management, advisory, and updates on regulatory changes, so businesses remain fully aligned with FTA requirements. As a broader tax advisory, My Taxman also covers corporate tax, excise tax, accounting & bookkeeping, transfer pricing, CFO services, due diligence, fundraising, and valuation—giving clients a single point of contact beyond VAT consultancy services in Dubai. Who needs VAT consultancy services in Dubai? Startups and SMEs approaching or exceeding the AED375,000 turnover threshold, where VAT registration becomes mandatory under FTA rules—ideal candidates for Best VAT consultancy services in Dubai. Companies seeking quarterly VAT return accuracy, input tax optimization, and audit readiness are supported by Valu Added Tax consultancy services in Dubai. Groups considering voluntary registration to reclaim input VAT earlier, benefiting from proactive Vale Added Tax consultancy services in Dubai. Our VAT process: How VAT consultancy services in Dubai work with... --- > Learn everything about Dubai import tax, UAE import tax, and Dubai custom duty in 2025. Stay compliant and reduce costs with My Taxman. - Published: 2025-08-18 - Modified: 2025-08-21 - URL: https://mytaxman.ae/dubai-import-tax/ - Categories: VAT, Corporate Tax, Tax, Tax Consultant UAE - Tags: Best Tax Consultant in UAE, Dubai Custom Duty, Dubai Import Tax, My Taxman, Tax Consultant In Dubai, Tax Consultant UAE, UAE Import Tax The Dubai import tax plays a crucial role in determining the business environment in the UAE. As the UAE is one of the global trade centers, companies need to consider Dubai import tax, UAE import tax, and Dubai customs duty carefully to prevent penalties and maximize profitability in 2025. Dubai has become one of the most prominent trade centers in the world, linking businesses all over the world due to its strategic position, modern ports, and well-developed infrastructure. As the non-oil foreign trade of Dubai exceeded AED 1. 2 trillion in 2023, the city remains a destination of choice to companies that want to grow by importingAny business in Dubai, or intending to import goods into the UAE, needs to know the Dubai import tax structure. Import taxes are mainly in the form of Customs Duty and Value Added Tax (VAT). These are computed on the total cost of the goods, cost, insurance, and freight (CIF charges). Customs duty and VAT directly affect your cost of operation, pricing, and profit margins. As a well-established importer or a new player in the international trade market, it is essential to have a clear idea of Dubai import tax regulations to ensure that you are compliant. At My Taxman, we are experts in helping businesses navigate the UAE import tax, customs duty planning, and VAT compliance, so you can grow without worrying about becoming non-compliant. What is Dubai Import Tax? Dubai import tax refers to a tariff or duty on goods imported into... --- > How a freelance tax consultant helps with corporate tax and VAT compliance. My Taxman offers expert Tax Consultant services across the UAE. - Published: 2025-08-16 - Modified: 2025-08-21 - URL: https://mytaxman.ae/freelance-tax-consultant/ - Categories: Tax Consultant UAE, Corporate Tax, Tax, VAT - Tags: Best Tax Consultant in UAE, Freelance Tax Consultant, My Taxman, Tax Consultant In Dubai, Tax Consultant UAE Running a business in the UAE implies having various financial obligations, including corporate tax and VAT reporting. A full-time consultant is not an option for many small and medium-sized enterprises. Here, a freelance tax consultant is the ideal solution. Flexible, knowledgeable, and affordable, a freelance tax consultant will keep you in line with the UAE tax regulations without breaking your budget. My Taxman helps businesses to find the right expertise, providing services that make corporate tax, VAT compliance, accounting, and financial advisory simple. Why Businesses Need a Freelance Tax Consultant The UAE has implemented the corporate tax, VAT, and excise laws that companies should comply with. Errors in filing may lead to huge fines. A freelance tax consultant will make sure that your company:Fulfils all FTA (Federal Tax Authority) compliance requirements. Files correct taxes in time. Knows the VAT consequences of local and international trade. Reduces financial risks with the help of professional recommendations. A freelance tax consultant is as good as a full-time specialist but costs a fraction of the price to growing businesses. Corporate Tax Made Simple with a Freelance Tax Consultant Corporate tax is quite new in the UAE, and most companies are still adapting to its demands. A freelance tax consultant assists you:Enroll your business in corporate tax. File and pay the correct taxes. Organize your money so that it is as efficient as possible. Prevent penalties by planning. As a startup or an established business, access to a Tax Consultant UAE will enable your business... --- > Hire the Best Tax Consultant in UAE. My Taxman offers expert tax, VAT compliance, accounting, and corporate tax services across the UAE. - Published: 2025-08-13 - Modified: 2025-08-16 - URL: https://mytaxman.ae/best-tax-consultant-in-uae/ - Categories: Tax, Corporate Tax, Tax Consultant UAE, VAT - Tags: Best Tax Consultant in UAE, My Taxman, Tax Consultant In Dubai, Tax Consultant UAE In the modern dynamic business world, tax management in the UAE needs accuracy, adherence, and professional advice. Regardless of whether you run a startup, SME, or a large corporation, the Best Tax Consultant in UAE will help your business stay compliant and maximise financial efficiency. My Taxman offers an entire tax and financial services package, including VAT compliance, valuation assessment, and more, so you can concentrate on building your business, and we take care of the tax law. Why Choose the Best Tax Consultant in UAE? The tax system of the UAE, which consists of Corporate Tax, VAT, and Excise Tax, requires precision and planning. A Tax Consultant in Dubai will bring: Proper Tax Planning - No penalties due to late and inaccurate filings. Current Compliance- Keep up with the changes in the UAE tax system. Time and Cost Saving- Save time and money by concentrating on the core business functions and leaving the tax requirements to the experts. Businesses can save up to 30% of avoidable tax-related expenses by hiring a certified best tax consultant in UAE. Our Comprehensive Tax & Financial Services We are not only tax advisors, but your financial growth partners. Corporate Tax Advice: We will make your corporate tax procedures run smoothly and in compliance with the guidelines of the UAE Federal Tax Authority (FTA), starting with registration to filing. VAT Registration & Compliance: Our VAT specialists do all the work, including registration and filing of returns, to make sure your business is FTA compliant... --- > A clear guide to VAT Reconsideration—eligibility, required documents, online filing with the FTA, deadlines, and expert tips to speed up approvals. - Published: 2025-08-11 - Modified: 2025-08-12 - URL: https://mytaxman.ae/vat-reconsideration/ - Categories: Tax, VAT - Tags: My Taxman, Tax Advisors Dubai, Tax Consultant, Tax Consultant In Dubai, Tax Consultant UAE, VAT, VAT Consultants In Dubai, VAT Reconsideration In the event of an unmerited fee, VAT registration denial, VAT refund denial, or a refund payment assessment, a taxpayer has the option to file a VAT reconsideration to contest the decision. The UAE Federal Tax Authority (FTA) has strict timelines in which they must respond to a VAT reconsideration filed, thus the taxpayer is not left waiting indefinitely. The entire process is done through EmaraTax, and most of the time, action must be taken within 40 business days of the taxpayer's decision being communicated to them. What is VAT Reconsideration? VAT reconsideration is an administrative decision issued by the Federal Tax Authority (FTA) that can be contested through a reasoned application. The application must be submitted through the appropriate channels and must be based on factual assertions and legal reasoning. Just as the timelines bind the FTA, so too must the respondent respond within 40 business days. Who can apply and when? Those directly impacted by FTA decisions can apply, including registered or unregistered taxpayers, and can be represented by an agent or a proxy in the EmaraTax system. Deadline: submit within 40 business days from the notification date of the decision. The authority aims to decide within 40-45 business days. Late acceptance: The authority has updated the guidance for 2025 decisions, which outlines cases where submissions for reconsideration or tax assessment review may be accepted with evidence, such as illness, force majeure, or system failures. Before reconsideration: Tax Assessment Review option Taxpayers may submit a Tax Assessment Review... --- > Planning to invest in Dubai real estate? Learn about property tax in Dubai, DLD fees, housing charges & more. Get expert advice from My Taxman. - Published: 2025-08-07 - Modified: 2025-08-07 - URL: https://mytaxman.ae/property-tax-in-dubai/ - Categories: Tax - Tags: My Taxman, Property Tax, Property Tax In Dubai In real estate investment, Dubai has the privileges of favorable positioning, tax-haven policies, and a growing market. However, the majority of prospective buyers and investors will raise one question: "Is there property tax in Dubai? " Understanding how the property tax in Dubai operates is crucial before making an investment decision. In this guide, we will walk you through all the information you should be aware of about property tax, fees incurred, and how they affect your real estate investment in Dubai. IS THERE A PROPERTY TAX IN DUBAI? Technically, Dubai has no annual property tax in the form that exists in most countries. There is no annual tax on the ownership of property, one of the biggest attractions for investors. However, there are single payments and service charges associated with the buying and owning of property that act as functional equivalents. Single Payment Fees You Should Know About Dubai Land Department (DLD) FeeEvery property deal in Dubai attracts a 4% DLD, computed on the whole purchase price. It must be paid in advance at property registration by the purchaser. Registration FeesApart from the DLD charge, an individual must pay a fee for property registration—it is AED 4,000 for a property worth more than AED 500,000 and AED 2,000 for a property worth less than AED 500,000. Real Estate Agent CommissionIf purchasing from an estate agent, expect to pay an additional 2% commission on the property's value. Additionally, you may or may not be subject to VAT (value-added tax) based... --- > Thinking of selling your company? Learn what to ask a business valuation expert to make informed, profitable decisions, by My Taxman. - Published: 2025-08-05 - Modified: 2025-10-15 - URL: https://mytaxman.ae/business-valuation-expert/ - Categories: Business Valuation - Tags: Business Valuation Expert, Business Valuation Services, My Taxman The sale of your business is a big decision, both emotionally, financially and strategically. When you are considering retirement, a merger, or a transition to a new enterprise, it is important to understand the real value of your business so that you can get the deal you want. That is where a business valuation expert is needed. Not every valuation professional is the same. The difference between the selling experience and the result can be substantial depending on your choice of the right one and the right questions. These are the top 5 questions to ask a business valuation expert before you proceed with any sale so that you can be sure you are dealing with someone who can correctly value your company and take you through the process. 1. What Is Your Experience in My Business? Each industry has industry standards, market trends, and valuation issues. A healthcare business is not appraised as a business in the tech, manufacturing, or retail industry. The first thing you should do is to ask your business valuation expert whether he or she has experience in dealing with business of your type. A professional with experience in your industry will know what value is being created in your industry, how to compare yourself to the competition, and what buyers expect. They will also be conversant with any regulatory or operating peculiarities that may influence the value of your business. 2. What are the Methodologies You will Use to Value My Business? The professional... --- > Explore how due diligence services safeguard startup investments. Learn what it is and why it's essential for investors in Dubai and beyond. - Published: 2025-08-02 - Modified: 2025-11-22 - URL: https://mytaxman.ae/due-diligence-services/ - Categories: Due Diligence - Tags: Due Diligence, Due Diligence Services, My Taxman, What is due diligence Startups hold enormous potential for disruption, innovation, and high returns, but also bear huge risk. As ever more funds flood the thriving world of startup investing, the stakes for careful, well-informed decision-making have never been greater. That's when due diligence services step into the picture. For entrepreneurs and investors alike, what's under the hood of a startup is the key to lasting success. What Is Due Diligence? Before going for a startup investment, it's essential to learn what due diligence is. Due diligence is the exercise of carefully researching a company before making a financial investment. It entails studying financials, legal materials, management history, intellectual property, and business models to find hidden red flags. The objective is to verify that a startup is everything it seems to be—and whether it's worth your time, faith, and capital. Why Startups Need Due Diligence Services Startups are venturing into virgin territory with new markets and new business models, and they have minimal operating history. This renders them high-risk in character. But risk does not equal recklessness. Due diligence services are designed to bring sanity, order, and accountability to the investment process. This is how due diligence supports startup investments: Guarantees Financial WellnessFor even a pre-revenue startup, due diligence reviews financial projections, cash flow today, capitalisation, and burn rate. This review provides investors with a sense of how long the company will last on its own and when it would need funding in the future. Assesses Founders and TeamsThe skill set of the founding... --- > Understand who is liable for excise tax UAE and why it matters. Learn about taxable goods, registration rules, and compliance tips. - Published: 2025-07-30 - Modified: 2025-11-22 - URL: https://mytaxman.ae/excise-tax-uae/ - Categories: Excise Tax, Tax - Tags: Excise Tax, Excise tax In Dubai, Excise Tax UAE, My Taxman Excise Tax UAE was implemented as a tactical decision to decrease the use of harmful goods and improve public health. This tax was presented in 2017 by the Federal Tax Authority (FTA) and is set on particular goods that are considered unhealthy to human health or the atmosphere. The businesses and individuals who are engaged in the importation, production, or storage of excise goods should be aware of their responsibilities under the Excise Tax UAE law. This blog by MY TAXMAN examines who should pay excise tax, why it was introduced and how businesses can be compliant in the constantly changing tax regime of the UAE. What is the Excise Tax UAE? Excise Tax UAE is an indirect tax on goods that are harmful to the surroundings or human fitness. Excise tax is unlike VAT, which is imposed on a broad scope of services and goods, but it is only set on specific products, which contain: Carbonated beveragesEnergy beveragesTobacco and tobacco productsElectronic smoking devices and gadgetsSweetened drinksE-Cigarette liquidsExcise Tax UAE has a twofold purpose: to deter people from the use of unhealthy products and to raise revenue that can be used as an investment in the health of the population. Who Needs to Pay Excise Tax? Some of the bodies that are under the obligation to pay Excise Tax UAE include:Importers of Excise Goods: The companies that import excise goods into the UAE are required to enrol in excise tax and pay the required tax on their products. Manufacturers of... --- > Get tax consultant UAE. Our expert tax consultants offer corporate tax planning, VAT registration, and compliance solutions. Call +971 54 322 3140 - Published: 2025-07-23 - Modified: 2025-11-17 - URL: https://mytaxman.ae/tax-consultant-uae-is-essential/ - Categories: VAT, Tax Consultant UAE - Tags: My Taxman, Tax Consultant, Tax Consultant In Dubai, Tax Consultant UAE With the freelance economy expanding and small businesses remaining successful in the UAE, financial obligations are becoming more complicated. Whether it is VAT compliance or corporate tax, it can be daunting to go through these requirements on your own. It is there where the services of a tax consultant UAE can be not only useful, but also vital. As a freelancer who has to deal with several income sources, or as a business owner who has to balance between operations and finances, hiring a qualified tax consultant in Dubai will save your time, minimize errors, and even increase your bottom line. The Emerging Demand of Tax Expertise in UAE With the introduction of VAT and other tax laws in the UAE, individuals and companies have been forced to remain up to date on compliance changes. Freelancers and entrepreneurs are not salaried and therefore have to shoulder the entire burden of tax filing, recordkeeping and documentation. Attempting to resolve everything on your own can not only be a mistake, but also cause punishment. This is why it is totally reasonable to collaborate with a professional tax consultant UAE service such as My Taxman. The Reasons Freelancers Need to Hire a Tax Consultant Freelancers are usually the ones who do it all by themselves, communicate with clients, deliver their projects, and manage finances. But tax planning and filing is not another do it yourself job. The following is why a tax consultant is essential to freelancers: Clarity of Income and DeductionA tax... --- > Stay ahead with VAT in UAE changes in 2025. Learn what your business must do to remain compliant under the latest tax laws. - Published: 2025-07-18 - Modified: 2025-11-22 - URL: https://mytaxman.ae/vat-in-uae/ - Categories: VAT - Tags: VAT, VAT in UAE, VAT Registration UAE The VAT in UAE regime, which was brought into effect in January 2018 at a 5% standard rate, has seen a massive overhaul with new changes coming into force from November 15, 2024. These changes will help simplify documentation procedures, enhance compliance, and help sectors like digital assets and finance services. VAT registration UAE companies need to immediately adapt these changes to avoid penalties and optimize operations. Streamlined Export Documentation (Article 30)The greatest exporter relief is the easing of procedures. Previously, taking advantage of the 0% VAT rate on exports required customs and transport documentation. Companies now have a choice between utilizing a customs declaration or acceptable transport/commercial evidence. Impact: Less paperwork, faster export processing, and reduced administrative burden for trading companies. Zero-rating of Services made more stringent (Article 31)The list of services that are exported and therefore qualify for 0% VAT has become more limited. Services such as real property, telecommunications, or consultancy must now be supplied fully outside the UAE (and its zones) to qualify. Impact: Supports compliance by discouraging abuse of zero-rating and safeguards VAT revenue. VAT Exemption on Financial Services & Digital Assets (Article 42)One of the reforms is VAT exemption on:Investment fund managementDigital asset services (crypto custody, transfers, conversions)Instrumental to this exemption is the fact that it is retrospective from January 1, 2018, and businesses impacted can reclaim VAT paid since inception. Effect: Supports financial institutions and crypto businesses' cash flow, as well as supporting leadership in the digital economy for the UAE. Treatment of... --- > Understand the current state of VAT across GCC nations. Get insights on regional tax trends, challenges, and upcoming policy changes. - Published: 2025-07-15 - Modified: 2025-07-21 - URL: https://mytaxman.ae/gcc-countries-and-vat/ - Categories: VAT - Tags: GCC, Gulf Cooperation Council, VAT The Gulf Cooperation Council (GCC) has undergone a transformative economic change over the past few years, particularly in terms of tax policy. Historically renowned for their tax-free nature, the GCC states have begun implementing Value-Added Tax (VAT) to diversify national incomes and reduce reliance on oil revenues. While every Gulf Cooperation Council country is progressing at its own pace, the process towards the implementation of VAT is reshaping the region's fiscal landscape. This blog explores today's VAT stance in every GCC member state and how taxation and compliance could be in the future across the Gulf. Why VAT In The GCC? The Gulf Cooperation Council states that VAT imposition has originated from a general economic strategy to ensure long-term fiscal stability. With the revenues of oil fluctuating and global energy markets shifting, the GCC nations needed new, non-oil sources of revenue. VAT—a consumption tax levied on goods and services—was the sensible answer. In 2016, the Unified VAT Agreement was signed by six GCC countries with a commitment to introducing a 5% VAT in the region. Although the timeline and methodology vary from country to country, the agreement provides a harmonised framework that will facilitate harmonisation. Current Status Of VAT Implementation In GCC Countries United Arab Emirates (UAE): The UAE led the way in implementing VAT among the GCC states when it did so on January 1, 2018, at a rate of 5%. The Federal Tax Authority (FTA) is responsible for administration, and one of the most efficient VAT systems in... --- > Discover the importance of a TIN number for taxpayers and businesses. Learn who needs one, what it’s used for, and how to apply. - Published: 2025-07-09 - Modified: 2025-07-21 - URL: https://mytaxman.ae/who-needs-a-tin-number/ - Categories: News - Tags: Tin Number, Tin Number UAE, What is Tin Number TIN number is a term that you have probably encountered when attempting to register a business, file taxes, or open a financial account. As an individual taxpayer or a company owner, you may save time, money, and legal inconveniences by knowing what a Taxpayer Identification Number is and why it is necessary. This blog looks into who requires a Taxpayer identification numbers, how the Taxpayer identification number works in the UAE, and the importance of acquiring a Taxpayer identification numbers as a necessary step to any tax-responsible person or organization. What Is TIN Number? Taxpayer Identification Number is a special identification number that is used by tax authorities to monitor and control tax records of individuals and businesses. Although names or formats of Taxpayer identification numbers may vary across countries, the objective is similar, to make sure that taxpayers are correctly identified and their tax liability is correctly recorded. The number is crucial to any communication and filing with regard to taxes under the UAE VAT regime. Who Needs A TIN Number? It is crucial to know who requires a Taxpayer identification numbers UAE to avoid non-compliance and smooth operations. The following are the groups and individuals that are normally in need of a Taxpayer identification numbers:VAT Registered Businesses :Any company in the UAE whose taxable supply is more than the required VAT registration limit (AED 375,000 per annum) is required to register with the FTA and acquire a Taxpayer identification numbers (TRN). This includes:Trading companiesService providersE-commerce businessesImport/export firmsBusinesses cannot... --- > Learn what defines a Qualifying Free Zone Person under the UAE Corporate Tax Law. Explore eligibility, tax benefits for free zone businesses. - Published: 2025-07-05 - Modified: 2025-07-21 - URL: https://mytaxman.ae/uae-corporate-tax-law/ - Categories: Corporate Tax - Tags: Corporate Tax in UAE, UAE Corporate Tax Law The implementation of UAE corporate tax law on 1 June 2023 was a milestone in the country's tax history. The law was designed to align with international tax standards and expand national revenues. Companies whose profit exceeds AED 375,000, have to pay a standard 9% corporate tax in UAE. However, certain provisions, like that of a Qualifying Free Zone Person (QFZP), offer meaningful tax relief to eligible businesses—particularly those established in the UAE's many free zones. It is worth understanding what makes a QFZP, and the exact benefit and requirements of this status, for businesses looking to optimize their tax position under the new law. What Is a Qualifying Free Zone Person (QFZP)? As per Article 18 of the UAE Corporate Tax Law (Federal Decree-Law No. 47 of 2022), a Qualifying Free Zone Person is a free zone person meeting certain regulatory conditions, thereby qualifying for a 0% corporate tax rate on "qualifying income. " The preferential treatment reflects the UAE's desire to persist in promoting economic activity in its free zones, which have historically attracted foreign investment through tax holidays and simplified regulations. Cabinet Decision No. 55 of 2023 and Ministerial Decision No. 139 of 2023 provide further guidance on what constitutes a QFZP and what type of income is eligible for exemption. Why Is QFZP Status Important? The QFZP status's most significant advantege is the 0% corporation tax on the qualifying income. While most UAE businesses are now subject to the 9% corporation tax in UAE, qualifying free... --- > Learn about the latest corporate tax in UAE exemptions for foreign-owned companies and how it affects your business. - Published: 2025-06-26 - Modified: 2025-08-13 - URL: https://mytaxman.ae/corporate-tax-in-uae/ - Categories: Corporate Tax - Tags: Corporate Tax, Corporate Tax Exemption, Corporate Tax in UAE In a significant development for foreign investors, the UAE has made a series of announcements regarding corporate tax exemption for specific foreign-owned business entities. These reforms are part of the country's strategic initiatives to enhance its competitiveness along with bringing itself into conformity with international tax standards. For companies operating or looking to enter the UAE, it is vital to realize the effects of these reforms. Introduction Of Corporate Tax In UAE The UAE officially introduced corporate tax on business profit from June 1, 2023, by way of Federal Decree-Law No. 47 of 2022. The standard corporate tax is 9% on taxable profits above AED 375,000. This policy reform was aimed to drive diversification of national sources of revenues as well as align with international tax principles, including those outlined by OECD. However, to make sure that it remains an attractive place for businesses, the UAE introduced flexibility in the system. The new corporate tax exemption introduces much-needed certainty and incentives for foreign investors, particularly those that are Free Zone-based or handling cross-border activities. Most Notable Corporate Tax Exemptions For Foreign-Owned Structures The Ministry of Finance has issued several important decisions providing corporate tax exemption in specific situations. The reliefs are to prevent double taxation, encourage foreign investment, and ease compliance for multinational enterprises. 0% Corporate Tax for Eligible Free Zone EntitiesThose operating in the UAE's Free Zones—the vast majority of which are 100% foreign-owned—may be eligible for a 0% corporate tax rate on profits from:Other Free Zone entitiesForeign customersQualifying... --- > Looking for Online Accounting and Bookkeeping Services in Dubai? My Taxman offer professional support for startups.Contact us +971-543223140 - Published: 2025-06-19 - Modified: 2025-08-13 - URL: https://mytaxman.ae/online-accounting-and-bookkeeping-services-in-dubai/ - Categories: Accounting In today’s fast-paced digital economy, managing your business finances effectively is critical to growth and sustainability. Whether you're a startup, small business, or an established company in the UAE, having a clear financial picture is non-negotiable. That's where online accounting and bookkeeping services is a game-changer. If you’re still wondering why so many businesses are switching to online accounting and bookkeeping services in Dubai, this blog will walk you through the benefits and help you understand how these services can transform the way you manage your finances. What Is Bookkeeping? Before we go further, we should answer this common question: What is bookkeeping? It means keeping a regular record of sales, purchases, receipts, and payments in a business. It supports your financial reporting and is necessary for ensuring compliance, checking performance, and getting ready for audits or taxes. The Rise Of Online Accounting And Bookkeeping Services Businesses that require access to real-time data, use the cloud, and need cost savings now find traditional accounting systems obsolete. Online accounting and bookkeeping services offer a convenient new option. They are both more flexible and dependable, and you can use them from any place at any time. Thanks to advanced software and tools in the cloud, companies can now keep track of their cash, prepare reports, and comply with taxes more easily and correctly. Benefits Of Online Accounting And Bookkeeping Services The ability to access financial information in real time With online platforms, you can check your financial records at any time, helping... --- > VAT Registration UAE simplified—this guide by My Taxman covers process, eligibility, documents & penalties. - Published: 2025-06-06 - Modified: 2025-07-21 - URL: https://mytaxman.ae/vat-registration-uae/ - Categories: VAT VAT registration UAE , has become essential for businesses operating in the Emirates. If you run a business in the UAE, whether just starting or established, you need to know about VAT registration to avoid breaking the law. We guide businesses at My Taxman through the challenges of VAT, making sure they comply with regulations and get the best possible tax results. We will explain what VAT is, how it is handled in the UAE and why it is important to register for VAT on time for your business. What Is VAT? VAT is short for Value Added Tax which is an indirect tax applied to the purchase of goods and services. It is paid at every step along the supply chain and ends up being paid by the final buyer. Businesses collect VAT and pass it on to the government. VAT is used in more than 160 countries and is regarded as one of the best ways to collect taxes. Because of its structure, every stage of production and distribution is taxed based on the value added at that point. An introduction to VAT in the UAE From January 1, 2018, the UAE began charging VAT at a standard rate of 5%. The government wanted to reduce its dependence on oil by adding more sources of revenue. VAT is charged on most goods and services in the UAE, for example, food, electronics, transport, real estate and professional services. Certain goods and services, for example healthcare and education, can be... --- > My Taxman helps your business manage corporate tax in Dubai efficiently with expert guidance and up-to-date knowledge. Contact Us today ! - Published: 2025-05-31 - Modified: 2025-10-15 - URL: https://mytaxman.ae/corporate-tax-in-dubai/ - Categories: Corporate Tax, Tax The UAE has transformed its fiscal structure through the implementation of Corporate Tax in Dubai. The business-friendly environment together with tax-free incentives in Dubai has been a magnet for global investors throughout the past decades. Businesses operating in the emirate must now prioritize corporate tax regulation compliance because the region develops its tax standards and revenue diversity. What Is Corporate Tax? What is corporate tax? Corporate tax represents a direct tax system which levies itself against the net profits earned by corporations together with other business entities. The UAE government demonstrates its dedication to economic sustainability and international standards through its corporate tax implementation throughout Dubai and the rest of the country. The tax system maintains a low rate to keep Dubai attractive for business operations while contributing to national economic growth. Corporate Tax implementation in UAE positions the country as a participant in the global OECD Base Erosion and Profit Shifting (BEPS) initiatives. The UAE benefits from enhanced global tax reputation and improved investor confidence along with economic stability in the long term. Applicability Of Corporate Tax In Dubai Corporate Tax in Dubai applies to all business entities such as mainland companies and free zone entities (with specified exemptions) and branches of foreign companies. Organizations deriving their income from employment and real estate and personal investments do not have to pay corporate tax. Organizations need to assess whether their business activities exceed the requirements for corporate tax taxation. The UAE established a 9% standard tax rate for taxable profits... --- > My Taxman offers professional business valuation solutions for fundraising, strategic planning, and more. Contact Us today at +971-543223140. - Published: 2025-05-12 - Modified: 2025-10-15 - URL: https://mytaxman.ae/business-valuation/ - Categories: Business Valuation The economic worth of a company is determined through the essential business valuation procedure. Multiple entities within the business world employ this assessment to conduct mergers and acquisitions while also using it for investment decisions along with tax planning for financial reporting and dispute settlement purposes. The actual value of a business enables stakeholders to make strategic financial choices with full knowledge. Importance Of Business Valuation A thorough business valuation analysis reveals both the current monetary position of a company as well as its expected expansion prospects. The valuation process enables business owners, investors and all interested stakeholders to: Evaluate the market value of their business both before purchasing or selling it. Acquire funding through financial stability demonstrations to both investors and banks. Use precise valuation numbers to plan mergers, acquisitions and partnership deals. The organization must follow all financial regulations and taxation laws. Business assets get evaluated through valuation for resolving contentious matters regarding ownership and inheritance processes and divorce property splits. Business Valuation Services Business valuation services determine enterprise value through both financial indicator assessment and data analysis of market performance variables. It includes comprehensive evaluations relying on financial calculations and market-based comparisons that establish precise business worth. The most typical business valuation solutions include the following:Market Valuation: Compares the business to similar companies in the industry. Asset-Based Valuation: The evaluation of net asset value occurs through Asset-Based Valuation by examining assets and liabilities. Income-Based Valuation: Business valuation through income-based methods involves using DCF and other financial metrics... --- > What is due diligence services in Dubai? They help you evaluate risks, , and make informed investment or acquisition decisions. - Published: 2025-04-21 - Modified: 2025-10-15 - URL: https://mytaxman.ae/what-is-due-diligence/ - Categories: Due Diligence What Is Due Diligence? Due diligence is a thorough examination and analysis of an asset, a person, or a business before one makes a contract or deal , such as purchasing a firm, investing, or entering a partnership. The process of due diligence consists of a comprehensive evaluation coupled with thorough analysis, which businesses conduct leading up to crucial business decisions such as mergers, acquisitions, investments, or partnerships. Businesses need to examine financial documents together with legal terms, operational setups, and risk possibilities to make adequate decisions. Before entering into a commitment, businesses conduct this diligence to investigate and assess all potential hazards alongside hidden debts and the financial stability of entities. How To Use Due Diligence? The implementation of this diligence depends on the industry type and the business deals involved. The fundamental guidelines keep their consistency throughout the entire process. Financial: Businesses carry out this to examine profit and loss accounts, liability reports and financial statements together with cash flow reports to guarantee transparent and steady financial statements. Legal: It includes legal assessment of contracts together with agreements and intellectual property rights and legal compliance to prevent possible disputes. Operational: Its operations focus on the evaluation of business procedures combined with supply chain effectiveness and management framework assessment for operational sustainability evaluation. Market: The evaluation of market trends and competitive dynamics, together with market potential, helps to ensure that the business meets industry requirements. Regulatory: The assessment of regulatory compliance includes both domestic and international laws, which cover... --- > Looking for expert tax help? My Taxman Tax Consultancy in Dubai offers reliable VAT, corporate tax, and financial advisory services. - Published: 2025-04-09 - Modified: 2025-10-15 - URL: https://mytaxman.ae/your-trusted-my-taxman-tax-consultancy-in-dubai/ - Categories: Tax Consultant UAE, Tax The business world today demands proper tax management for businesses and individual entities because of constant environmental changes. The essential role of a professional tax consultant in Dubai stems from its constantly evolving regulations together with its complex tax structures. My Taxman tax consultancy in Dubai operates as a leading consultancy which offers businesses complete solutions to simplify their taxation needs. Why Choose My Taxman As Your Tax Consultant In Dubai? My Taxman provides expert consultancy services for taxation needs of businesses regardless of their size through its trusted reputation in the field. The skilled professionals at our company enable seamless tax management for all aspects including Corporate tax and VAT compliance. My Taxman in Dubai distinguishes itself through the following features: Expert Tax Advisory Services: The tax consultants at our Dubai office deliver accurate and current guidance for all tax matters. Our platform helps clients grasp local tax structures so they build successful liability reduction methods which satisfy regulatory standards. Comprehensive Tax Compliance Support: We support businesses by ensuring complete tax compliance through VAT filings and corporate tax obligations and financial reporting requirements. My Taxman protects you from penalties through their services while maintaining your tax submissions on time. VAT Registration and Filing: Our team helps businesses register for VAT and file returns and conduct audits to maintain full compliance with UAE tax regulations since VAT compliance remains mandatory throughout the UAE. Corporate Tax Planning: UAE businesses need to establish effective tax planning strategies due to the implementation of... --- ---