EBS Chartered Accountant

Dubai is known for its growing economy. So, when you are setting up a business, you can expect faster growth. But, operating a business in Dubai comes with some considerations. Tax return filing is one of those. Organizations must file an excise tax return that is a record of the excise paid during each tax period. During the tax return filing, the tax registrant needs to submit details of supplies and purchases to the Federal Tax Authority of UAE online through the FTA portal. On this portal, they will find an online tax return form in both English and Arabic provided by the Federal Tax Authority. How to File Tax Return in Dubai- Tax returns can be tricky for businesses when they are doing it manually. Moreover, manual returns are not acknowledged in Dubai. So, one needs to have an idea of the steps that need to be taken to successfully file the tax returns. Check the following points to have a better understanding- Firstly, create your e-services account on the FTA website. Login/S...

Accounting and bookkeeping are both important components of any business because they aid in the management and tracking of money, income, and overall expenses. Accounting and bookkeeping in Dubai are as crucial as one might expect, considering the region's limitless potential and bright future for businesses who choose to establish themselves there. What exactly is accounting? Technically, accounting is the process of recording financial transactions relating to a firm, which includes analysis, summary and reporting of the transactions to regulatory organisations and agencies in charge of tax collection. What is bookkeeping? The regular and methodical recording of an organization's financial transactions in order to track all of the information on its books is known as bookkeeping. This is to assist the company in making crucial financial decisions such as operations, investing and so on, making the bookkeeper responsible for all of the company's financial data. Why shoul...