Preparing Aged Debtors Report is one of the most important financial management practices for small and medium enterprises (SMEs) in the UAE. In a competitive and fast-moving business environment like the UAE, managing receivables efficiently can determine whether a company thrives or struggles with cash flow shortages. While many SMEs focus heavily on increasing sales, …
Author: Omar Haddad
Omar Haddad
Omar Haddad is a tax audit advisor who assists businesses during FTA tax and VAT audits, from document preparation to responding to information requests.
UAE Tax Dispute Tribunal Cases from the first 100 rulings offer invaluable lessons for businesses facing FTA assessments on VAT, corporate tax, or penalties. Launched under Federal Decree-Law No. 7/2017 and refined by 2022 Tax Procedures Law, the Tax Disputes Resolution Committee (TDRC)—UAE's tax tribunal—has shaped compliance strategies since 2018. UAE Tax Dispute Tribunal Cases: …
UAE Corporate Tax has reshaped the financial and legal landscape for businesses operating across the Emirates. Since its implementation under Federal Decree-Law No. 47 of 2022, companies have had to reassess their structures, tax obligations, and partnership models. Among the most affected business arrangements are joint ventures and partnership agreements, which are common vehicles for …
UAE Accounting Treatment of Customer Advances vs Deferred Revenue Navigating the intricacies of customer advances and deferred revenue can feel like walking a tightrope for UAE businesses. These concepts form the backbone of proper revenue recognition, ensuring your financials accurately reflect business health rather than just cash inflows. In the UAE's fast-paced economy, where IFRS …
Franchise vs Organic Growth is one of the most important strategic decisions a business owner in the UAE will make when planning expansion. While both routes offer promising growth opportunities, their tax implications differ significantly. With the introduction of Corporate Tax in the UAE and the continued enforcement of VAT regulations, understanding how each model …
VAT Registration Benefits VAT Registration Benefits are one of the most overlooked opportunities for corporate groups operating in the UAE. Since the introduction of VAT in 2018, businesses have had to adapt to new compliance frameworks, reporting obligations, and financial management systems. For companies operating through multiple legal entities, VAT can sometimes create administrative complexity …
As the UAE corporate tax regime evolves in 2026, businesses must be well-prepared for the Corporate Tax Self-Assessment process. Accurate and comprehensive management accounts are crucial for calculating taxable income, filing returns, and ensuring compliance with Federal Tax Authority (FTA) regulations. This detailed guide provides businesses with essential insights into preparing management accounts that meet the requirements …
FTA During Field Audits: Do’s and Don’ts Working with FTA During Field Audits is a crucial responsibility for businesses operating in the UAE. Whether you are a small trading company or a large corporation, understanding how to handle an audit by the Federal Tax Authority can make the difference between a smooth review and costly …
Navigating Dubai’s tax regulations in 2026 is becoming increasingly complex due to new corporate tax laws, evolving VAT regulations, and greater scrutiny by the Federal Tax Authority (FTA). Whether you are a startup, SME, or multinational corporation, having the right tax consultant on your side is essential for compliance, optimization, and avoiding costly penalties. This …
How to Read Bank Facility Letters Bank facility letters are essential documents for any small and medium-sized enterprise (SME) operating in the UAE and seeking business loans. These letters not only detail the terms and conditions for borrowing but also include covenants, binding agreements that can directly impact the financial health and operational flexibility of your …
Enjoy Unlimited Digital Access
Read trusted, award-winning journalism.
Just $2 for 6 months.
Already a subscriber? Log in
