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Importance of Tax Registration Number in Dubai, UAE: A Comprehensive Guide

In the ever-evolving business landscape of Dubai, UAE, one constant remains: the importance of regulatory compliance. Among the many requirements for businesses operating in the UAE, obtaining a Tax Registration Number (TRN) stands out as a crucial step.  The TRN is a unique identifier, a certificate that every taxable individual or entity must possess as a testament …

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MIS Report in Accounting

What Does MIS Report Mean in Accounting – Here is Everything You Need to Know About It

Introduction  In the world of accounting, there are many terms and acronyms that can seem like a foreign language to the uninitiated. One such term is the MIS report. But fear not, for we are here to demystify this term for you. And who are we, you ask? Your friendly neighbourhood accountant, Adam Global offers a staff …

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ICV Certification in the UA

How to Calculate Value Added Tax (VAT) in Dubai, UAE: A Comprehensive Guide by Adam Global

Introduction of VAT in UAE  In the shimmering oasis of the United Arab Emirates (UAE), a new financial dawn emerged on January 1, 2018, with the introduction of Value Added Tax (VAT). This tax system, implemented at a standard rate of 5%, was a significant shift in the UAE’s fiscal policy, marking a new era in …

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