Difference Between Internal and External Audit in UAE

Understanding the difference between internal vs external auditing is essential for UAE businesses aiming to maintain financial transparency, comply with regulations, and strengthen their internal controls. While both audit types focus on evaluating financial data and operations, they serve distinct purposes and are conducted by different entities.
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Accounting Supervision Services in Dubai, UAE

Accounting supervision services involve the expert review and oversight of a company’s internal accounting processes to ensure accuracy, transparency, and compliance with regulatory standards. These services are essential for identifying errors, improving internal controls, and staying aligned with the UAE’s tax and financial reporting regulations.
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E-Invoicing in United Arab Emirates

In today’s digital era, businesses worldwide are transitioning to electronic invoicing (e-invoicing) to streamline operations and ensure compliance with evolving tax regulations. The United Arab Emirates (UAE) is no exception. E invoicing UAE aims to modernise invoicing, reduce fraud, and enhance tax transparency.
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UAE Precious Metals VAT Changes - Shuraa Tax

The United Arab Emirates (UAE) is renowned for its vibrant trade in precious metals and stones, with Dubai often called the “City of Gold.” In 2018, the UAE introduced a 5% Value Added Tax (VAT) on most goods and services, including precious metals and stones. To support and enhance this vital sector, the government has recently announced UAE Precious Metals VAT Changes.
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VAT Consultants in Dubai, UAE

Since the introduction of Value-Added Tax (VAT) in the UAE in 2018, businesses must comply with strict tax regulations. VAT applies to all goods and services, including food, healthcare, education, and professional services. Ensuring compliance can be complex, and that’s where expert VAT consultants in Dubai step in.
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Small Business Relief from the UAE Corporate Tax

The United Arab Emirates (UAE) has long been a haven for entrepreneurs and businesses seeking a favorable tax environment. As a result, the UAE Ministry of Finance introduced Ministerial Decision No. 73 of 2023 on April 3rd, setting the conditions for small businesses to claim Small Business Relief UAE corporate tax under the new Corporate Tax Law.
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Tax Clearance Certificate in UAE - Shuraa Tax

Suppose you’re wrapping up your business in the UAE, applying for a tax refund, or even transferring ownership. Everything seems in place, but then you realize—there’s one crucial document missing: the Tax Clearance Certificate (TCC). Without it, your process could hit an unexpected roadblock, causing delays, fines, or rejected applications.
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Excise Tax Registration In UAE - Shuraa Tax

Excise tax registration is a mandatory requirement for businesses involved in the production, import, or stockpiling of excise goods in the UAE. Whether you deal with tobacco products, carbonated beverages, or energy drinks, completing your tax registration UAE ensures compliance with the Federal Tax Authority (FTA) regulations.
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Account Reconciliation Services in Dubai, UAE

Account Reconciliation Services in the UAE refer to the professional process of verifying and validating a company's financial records by comparing internal documents against external sources like bank statements, credit card statements, and supplier accounts.
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VAT Returns in UAE: Simplified Guide for Businesses

The implementation of the Value Added Tax (VAT) system in the United Arab Emirates (UAE) has made it essential for businesses to accurately file VAT returns in UAE and comply with tax regulations. A VAT return in UAE is a formal declaration of a company’s taxable sales and purchases within a specific period. Ensuring timely VAT return filing in UAE helps businesses maintain compliance and avoid penalties.
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