Related-Party Transactions and UAE Tax Review: What SMEs Should Check
Do your group companies share loans, employees, management services, office space or other resources? If so, these arrangements may create related party transactions UAE tax considerations that should be reviewed as part of Corporate Tax compliance. This is especially important for owner-managed groups with common shareholders, directors or control. UAE transfer pricing rules require relevant […]
Cash Flow Statement for UAE SMEs: Direct vs Indirect Method
Is your UAE business profitable on paper but still struggling to maintain enough cash for salaries, suppliers, tax payments or expansion? This is where a cash flow statement UAE SMEs can provide a clearer picture. Unlike the income statement, which measures income and expenses, a cash flow statement shows how cash actually moved into and […]
WPS Payroll in the UAE: What Employers Must Track
Are your employees being paid on time, and does your payroll data match what is being submitted through the Wage Protection System (WPS)? For businesses registered with the Ministry of Human Resources and Emiratization (MoHRE), WPS payroll UAE is an important part of salary compliance. Employers need to keep payroll records accurate, prepare the required […]
UAE Compliance Review After Changing Business Activity
Have you recently added a new activity to your UAE trade licence? Before you start generating revenue from it, it is worth checking whether the change affects your tax treatment, accounting records, invoicing or regulatory requirements. A licence update may look like a simple administrative step, but the way the new activity is operated and […]
Food Cost and Wastage Controls: An Accounting System for Restaurants
Running a restaurant is not only about increasing sales. A restaurant can have strong revenue and still lose profit through excessive food purchases, inaccurate portioning, spoilage, overproduction, stock discrepancies and unrecorded wastage. This is why restaurant food cost control UAE should be treated as an accounting and operational priority. A proper system connects purchasing, inventory, […]
Landed Cost Accounting for UAE Trading Companies: Duty, Freight, and Insurance
Are you sure your UAE trading business knows the true cost of every imported product? The supplier invoice is only part of the picture. Freight, insurance, customs duty, and clearance charges can significantly increase the actual cost of inventory and affect your profit margins. For this reason, landed cost accounting UAE trading companies plays an […]
UAE Excise Tax Update 2026: New Minimum Excise Prices for Tobacco and E-Smoking Liquids
Could your tobacco or e-smoking products be affected by the UAE’s latest excise tax update? UAE excise tax update 2026, under Cabinet Decision No. 137 of 2026 introduces minimum Excise Prices for cigarettes, water pipe tobacco, electrically heated cigarettes, and liquids used in electronic smoking devices. Issued on 24 July 2026, the Decision took effect […]
Principal vs Agent Under IFRS 15: Gross or Net Revenue for Platforms in the UAE
Should a UAE platform report the full customer payment as revenue or only its commission? Under IFRS 15 principal vs agent rules, the answer depends on whether the platform controls the specified good or service before it is transferred to the customer. This distinction determines whether revenue is generally recognised on a gross or net […]
Lease Modifications Under IFRS 16: Remeasurement and Accounting Entries in the UAE
What happens when a UAE business changes the terms of an existing lease? Under IFRS 16 lease modification requirements, changes such as rent revisions, lease extensions, additional space, or early termination can require the lease liability and right-of-use (ROU) asset to be remeasured. The accounting depends on the nature of the modification and whether it […]
Retention Receivables in Construction: Recognition, Collection and Expected Credit Loss in the UAE
A construction company may complete work and earn revenue, yet still have part of its payment withheld by the customer as retention. This creates an important accounting question: when should retention be recognised, when is it a receivable, and how should expected credit loss (ECL) be measured? For UAE contractors, getting this treatment right supports […]