Blog categorized as Business Law and Taxation

IS IT LEGAL TO ACCEPT CRYPTOCURRENCY AS PAYMENT IN THE UAE?

By Roman Zykov

As the popularity of digital currencies continues to rise, many businesses are considering accepting cryptocurrencies as a form of payment. However, the regulatory landscape in the UAE is specific and requires careful understanding. So, is it legal for Merchants in the UAE to accept cryptocurrency a...

10.07.24 12:15 AM - Comment(s)

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CORPORATE TAX - SMALL BUSINESS RELIEF IN THE UAE

By Roman Zykov

In an effort to support the growth and sustainability of small businesses in the United Arab Emirates (UAE), the government has introduced Small Business Relief as part of its Corporate Tax regime. This relief is designed to alleviate the compliance burden on eligible small businesses, offering both...

25.11.23 07:51 PM - Comment(s)

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VAT OBLIGATIONS FOR VAT REGISTRANTS IN THE UNITED ARAB EMIRATES

By Roman Zykov

Registration details and VAT records provided to the FTA during your registration must be kept up to date. If any change occurs, update them within 20 business days to avoid potential penalties, this includes passport, EID, trade license, etc. 

17.11.23 07:09 PM - Comment(s)

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