Value Added Tax (VAT) was introduced in the UAE in January 2018 as a part of the government’s strategy to diversify its economy and increase non-oil revenues. For businesses and individuals, understanding how to calculate VAT in UAE is essential to ensure compliance, avoid penalties, and manage finances effectively. This ultimate guide explains the basics of VAT, …
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.
Corporate Tax Impact on SME Exit Valuations is one of the most critical yet underappreciated factors for business owners preparing to sell their companies. For many SME founders, the sale of their business represents the largest financial transaction of their lifetime. Years of dedication, reinvestment, and growth lead to an exit event. However, what truly …
Fixed Asset Register Fixed Asset Register Best Practices are essential for every business operating in the UAE, especially after the introduction of Corporate Tax. With regulatory requirements tightening and financial transparency becoming a priority, companies must maintain accurate fixed asset records and apply proper depreciation rules to stay compliant. A well-maintained Fixed Asset Register (FAR) …
UAE SMEs negotiating better payment terms is not just about asking for quicker payments—it is about strengthening cash flow, building sustainable relationships, and protecting business stability in a competitive marketplace. Across the UAE, small and medium-sized enterprises form the backbone of the economy, contributing significantly to non-oil GDP and employment. However, many SMEs struggle with …
Understanding UAE Corporate Tax Provisions UAE Corporate Tax Provisions have become a central element of financial reporting for businesses operating in the United Arab Emirates. With the introduction of corporate tax under Federal Decree-Law No. 47 of 2022, companies are now required to calculate, record, and monitor their tax liabilities more carefully than ever before. …
How to Respond When FTA Requests Your Full Accounting Ledger is a concern that can instantly cause stress for business owners. Receiving a formal notification from the Federal Tax Authority (FTA) asking for your full accounting ledger may feel intimidating, but in reality, it is a standard part of tax compliance and audit procedures. The …
Imagine discovering a VAT miscalculation from 2023 that's been quietly compounding penalties—now picture wiping that slate clean for just 1% monthly interest instead of 40% punitive fines. UAE tax amnesty extensions deliver exactly that through Cabinet Decision No. 129/2025 and FTA Decision No. 36/2025, transforming voluntary disclosure (VD) from dreaded obligation to smart financial strategy. Effective April …
Financial Dashboards for UAE Founders Financial Dashboards for UAE Founders have ceased to be an option, it is a survival tool. Due to the rapidly moving startup culture in the UAE, whether your business is based on the mainland or a free zone, real-time financial transparency is what distinguishes business successes and failures. Most founders …
Pricing Psychology in UAEPricing psychology is one of the main drivers in attracting customers, shaping brand image, and boosting profitability in the UAE. In a market as vibrant and diversified as the United Arab Emirates, simple cost-plus pricing cannot work for firms. They must read how people behave, respect cultural subtlety, and plan their market …
Investor-Ready Financials UAEInvestor-Ready Financials in the UAE has emerged as a major gatekeeper for venture capital as it solidifies its position as a world leader in innovation. It is observed that the startup market in the UAE has seen a surge in recent years as it has attracted billions of dollars in venture capital funding …
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