Spectrum Blogs
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Stay ahead and stay informed, with Spectrum's blog featuring exclusive guides and informative articles on the latest news related to Corporate Taxation and Compliance. As a trusted UAE-based Audit, Accounting, Value Added Tax, Financial & Business Advisory company, Spectrum continues to offer stellar accounting solutions to its clients.
Spectrum Blogs
4d ago
Recent Amendment to UAE VAT Executive Regulation of Federal Decree Law No. 8 of 2017 on VAT under Cabinet Decision 100 of 2024. The UAE has recently made significant amendments…
The post Key Changes in UAE VAT Executive Regulation: Insights from Cabinet Decision 100 of 2024 first appeared on Auditing and accounting firm in Dubai ..read more
Spectrum Blogs
1w ago
In the normal course of business, people might have to deal with compensation-type payments due to various situations or as per the terms of contracts. Compensation-type payments refer to payments…
The post VAT Treatment of Compensation Payments in the UAE first appeared on Auditing and accounting firm in Dubai ..read more
Spectrum Blogs
2w ago
The recent VAT amendment by the Federal Tax Authority (FTA) is a significant improvement for tax registrants in the UAE. The new option allows businesses to change the legal type…
The post Updating Your VAT Status: Legal Type Change in the FTA Portal first appeared on Auditing and accounting firm in Dubai ..read more
Spectrum Blogs
2w ago
Dubai Textile City (DTC) was created in 2000, Textile Merchant Group (TEXMAS) signed an agreement as a joint venture between the ports custom and free zone authority which is a…
The post Dubai Textile City (DTC) first appeared on Auditing and accounting firm in Dubai ..read more
Spectrum Blogs
2w ago
A Clarification is an official document issued by the FTA in response to an inquiry from the applicant regarding the tax treatment of specific transactions. The primary objective of the…
The post Submission of Request for Private Clarification: Understanding FTA Tax Inquiries and Responses first appeared on Auditing and accounting firm in Dubai ..read more
Spectrum Blogs
1M ago
Before a business is officially incorporated, there are certain expenditures incurred that are typically associated with the process of setting up a Business such as feasibility studies, registration fees, legal…
The post UAE Corporate Tax: Claiming Deductions for Pre-Incorporation Expenses first appeared on Auditing and accounting firm in Dubai ..read more
Spectrum Blogs
1M ago
To thoroughly understand the concept of participation exemption under UAE corporate tax regulations, it is essential to refer to the following key resources:- Ministerial Decision No. 116 of 2023: This…
The post A Comprehensive Overview of Participation Exemption in UAE Corporate Taxation first appeared on Auditing and accounting firm in Dubai ..read more
Spectrum Blogs
1M ago
The UAE Corporate Tax (“CT”) law outlines provisions for the deductibility of certain expenditures, specifying the degree to which they can be deducted from businesses’ taxable income. According to Article…
The post Navigating Employment and Entertainment Expenses Under UAE Corporate Tax Law first appeared on Auditing and accounting firm in Dubai ..read more
Spectrum Blogs
2M ago
What is the 10-Year Blue Residency Visa? The 10-Year Blue Residency Visa is a long-term residency program introduced by the UAE government. Its purpose is mainly to attract and retain…
The post 10 YEAR BLUE RESIDENCY VISA first appeared on Auditing and accounting firm in Dubai ..read more
Spectrum Blogs
2M ago
IFRS Conceptual Framework The purpose of IFRS Conceptual Framework is threefold: It aids users of financial statements in consistently and coherently understanding and applying IFRS standards. It guides the preparers…
The post Purpose of IFRS Conceptual Framework & Key Components of IAS-1 first appeared on Auditing and accounting firm in Dubai ..read more