Blog - Page 7 of 8 - Alpha Pro Partners

With the introduction of VAT in the UAE from 1 January 2018, small business should be well prepared even if they do not reach the registration threshold of AED 375,000. This article discusses a few brief points which should be considered. As many small businesses may not reach the turnover threshold for registration, they would […]

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Small and Medium sizes businesses (SMEs) who use cloud based accounting packages such as Xero sit on a wealth of information. The limiting factor for SMEs to access its analytic data is the lack of adequate skills within the finance department. Xero provides a wide range of data analytics features from which SMEs can measure […]

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The UAE Ministry of finance has announced the implementation of Excise tax (also referred to as the “sin tax”) on selective items such as tobacco, energy drinks and fizzy drinks. Such an initiative is in line with the government’s view to diversify their revenues away from hydrocarbons. It is also an easier tax for the […]

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With the UAE introducing VAT from 1 January 2018, there are a number of advanced topics contained in the GCC VAT Framework, which was released in May 2017. These rules will effect small to medium sized businesses and they will need to understand them, in order to apply them accurately. We will be dissecting these […]

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The UAE will be introducing a new “Sin tax” on Tobacco products and energy drinks, which follow the trends of other, developed countries such as the UK who will be implementing similar taxes from 2018. For Business owners this may be a confusing time because with the UAE introducing VAT from 2018, one question they […]

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Confused about how VAT will affect your pocket? Want to know more about the taxes which are coming to the UAE? Will you be paying VAT from your salary and what is the percentage? This article will attempt to dispel any misconceptions that you may have about the new tax to be implemented in the […]

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In a recent survey by Hays, the recruitment specialist, it was found that only 58% of small businesses were not yet ready for the implementation of VAT in the UAE. For many small businesses, this may not be a priority as firms in the region have many other priorities to deal with such as chasing […]

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The GCC VAT framework agreement was released on the 3rd May 2017. This is a 33 page document which outlines the outcomes from the resolution of the GGC supreme Council meeting which took place on the 9th – 10th December 2015 for the introduction of VAT in the GCC. The framework is not a document […]

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It is fairly common by now that most people in the UAE are now aware that the UAE government is going to implement VAT (Value Added Tax) from 1st January 2018. It has also been widely announced that the VAT rate will be five per cent and that the UAE is among GCC members (Saudi […]

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Most people have a preconceived notion that VAT (Value Added Tax) is a burden for all including small businesses. However, if your business is organised with the help of a VAT expert, VAT may not be too onerous to you. Although VAT in the UAE and in the GCC is a very new concept, it […]

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It has been a while since the UAE and the other GCC countries signed an agreement to implement VAT by 1 January 2018. For many companies there may be a misconception that just because it is going live in 2018, they can wait until then before they start the process of preparing for VAT. The […]

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Having an Accountant is very important for small businesses especially if they are new and/or growing. They can help with a number of specialist functions which entrepreneurs and business owners shy away from but are critical to the business. These can include the following – preparing budgets and management accounts, offering financial advice, and with […]

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