Accounting services in Saudi Arabia are essential for businesses to keep their finances clear, follow local rules, and manage money effectively. With the country’s economy growing fast due to Vision 2030, more companies are using professional accounting services to handle their finances. Additionally, in 2023, Saudi Arabia’s economy grew by 8.7%, making it one of the fastest-growing economies in the G20.
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VAT Deregistration in UAE | Shuraa Tax

Looking to cancel your VAT registration in the UAE? Understanding the de-registration of VAT in UAE is crucial for businesses that no longer meet the mandatory registration criteria. Whether your company has ceased operations, fallen below the taxable threshold, or undergone structural changes, applying for VAT deregistration in UAE is a legal requirement.
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VAT Registration in Sharjah - Shuraa Tax

Value-Added Tax (VAT) is a consumption tax levied on the sale of goods and services within the UAE. Businesses operating in Sharjah, one of the seven emirates of the UAE, are subject to VAT regulations. Therefore, VAT registration in Sharjah is mandatory for businesses with taxable supplies exceeding the threshold.

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VAT on Exports to Saudi Arabia from UAE

The UAE and Saudi Arabia have a strong trade partnership, with billions of dirhams worth of goods and services exchanged every year. In fact, Saudi Arabia is one of the UAE’s top trading partners, with trade between the two countries reaching over AED 136 billion in recent years. With such a high volume of trade, understanding VAT on Exports to Saudi Arabia from UAE is crucial for businesses to ensure smooth operations and compliance.
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Reliable Tax Agency for UAE Companies
The United Arab Emirates is popular worldwide for its profitable tax regimes for businesses of all sizes and kinds. In fact, it is one of the many reasons why entrepreneurs and businessmen want to set up or expand their businesses in the UAE. Globally renowned for its oil business, the UAE has worked systematically to break the shackles and transform itself into a modern state that caters to businesses on a wide spectrum. And one of the ways it has managed to achieve the status of a business hub is by reforming its policies, including its tax regimes.
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VAT Group Registration in the UAE

VAT Group Registration UAE allows two or more businesses under the same ownership or control to register as a single entity for VAT purposes. This means transactions between these companies are not taxed, making VAT reporting and payments easier. It helps businesses reduce paperwork, save time, and improve cash flow.
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VAT Returns and Payments - Shuraa Tax

VAT returns and payment is the medium to report the total amount of VAT payable or VAT receivable for the tax period to the Federal Tax Authority (FTA). The taxable person needs to submit their VAT return by the end of each tax period. There’s a certain procedure that businesses must follow while filing their VAT return. Let’s know everything about it in detail.
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Business Valuation for Startups - Shuraa Tax

Starting a business is exciting, but understanding its worth is crucial for securing investments, partnerships, and long-term success. Startup valuation is the process of determining the value of a new business, considering various factors such as revenue potential, market trends, and growth prospects. Accurate business valuation for startups helps founders attract investors, negotiate fair deals, and plan financial strategies effectively.
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Wages Protection System in the UAE - Shuraa Tax

The UAE has always been committed to protecting workers’ rights and ensuring fair pay. One of the ways it does this is through the Wages Protection System UAE, an electronic system that helps make sure employees get paid on time and in full. This system ensures that salaries are transferred directly to employees’ bank accounts, providing more transparency and security.
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How To Identify Performance Obligations in IFRS 15?

Understanding how to recognize revenue correctly is important for businesses of all sizes. IFRS 15, Revenue from Contracts with Customers, is the global standard that helps companies report their revenue in a clear and consistent way.
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