What is Proactive Accounting?
Proactive accounting refers to an approach where accountants actively seek to identify opportunities to add value to their clients' businesses. Instead of simply reacting to requests and providing accounting services based on historical data, proactive accountants take a forward-looking approach. They anticipate their clients' needs and provide advice and guidance to…
Strategies for Tax Planning in UAE
The UAE is increasing in popularity among holding companies looking to optimise their tax planning methods. One of the UAE's main advantages is that there are no withholding taxes on profits, interest, or royalties. This makes it an attractive choice for holding businesses that may receive revenue from subsidiaries…
UAE Tax Planning in 2023
The UAE Ministry of Finance has announced that Value Added Tax (VAT) at a flat rate of 5% will be implemented on 1 January 2018 with some exceptions on essential goods such as basic food, healthcare and education. However, as the UAE prepares to introduce a new VAT system, there…