We, at Bens CA, ensure our valued clients/business partners remain on top of changing business dynamics in UAE especially on VAT. In this edition, we would like to share the latest information our VAT experts in UAE are getting from MOF/FTA and other professional platforms. To make it easy and relevant, the updates are in FAQ format. […]
All the registered businesses in the UAE are subject to FTA tax laws and VAT regulations. New companies who are struggling with new VAT regulations must get a consultation because in case of non-compliance, businesses will have to face hefty penalties as imposed by the FTA. In case of non-compliance of VAT and Tax regulations […]
Successfully running a business means more than having a terrific idea and a strong customer base. It also means having a full understanding of your companys financial health and what your business needs to do to achieve its goals financially. At many larger businesses, a chief financial officer (CFO) is the executive in charge of […]
Well before you get your VAT registration in UAE, I would recommend you should choose the right VAT Consultant by initiating a thorough screening process. There is a lot of mushrooming growth of VAT Consultants in UAE which makes it even tougher to choose the right partner; however, you need to be fast. Consider the following key elements: […]
VAT Return Filing in UAE: Value Added Tax, called VAT, is implemented in UAE from Jan 1st, 2018. In the first phase Vat in implemented in UAE and KSA; however, the other GCC countries will implement Vat in 2019 as per reports as of today. Bahrain already approved the Vat law while Oman is expected […]
VAT is a form of a consumption tax that is applied at each stage to all the goods and services as mandated under the VAT Law or Federal Decree-Law No. 8 of 2017. Since its implementation in January 2018, all the businesses in the UAE are responsible for registering for VAT or face hefty penalties according to FTA regulations. […]
It is observed in our meetings with a lot of business owners especially when they are at a growth phase or when they want to submit their finances to some authority or bank, that they are in panic mode and rushing to streamline business financially. Its never late, however worth to note that in that […]
Bens School continuously educating its valued clients and business partners. VAT and VAT Service in Dubai is a relatively old subject in UAE now however the basic knowledge and capability are lacking in the market. BensCA VAT refreshers will help business owners to understand VAT basics and how to become compliant. In this part, we […]
Auditing is one of the processes of clearly observing a company or an individual financial records to check and see whether they are following all the rules and regulations. Some of the top audit firms in Dubai are constantly providing their excellent audit services in Dubai. They are unconditionally excellent and top-notch. Auditing in accounting […]
The foundation of each business is fundamentally bookkeeping and accounting services for the business. The bookkeeping system is important to keep refreshed after some time and that guarantees an association business transactions are gathered and recorded precisely and that can be useful to make the correct choice. On another hand, accounting thinks about an imperative necessity of […]
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