Biz International Tax Consultancy and Accounting

Biz International Tax Consultancy and Accounting Precision. Compliance. Growth – Your Trusted Tax & Accounting Partner

An accounting and tax professional company provides expert services related to financial management, tax compliance, and advisory for businesses and individuals.

TAXCOM MIDDLE EAST
18/11/2025

TAXCOM MIDDLE EAST

THE GATE SUMMIT 2025! GLOBAL ACCOUNTING, TAXATION & E-INVOICING
06/11/2025

THE GATE SUMMIT 2025! GLOBAL ACCOUNTING, TAXATION & E-INVOICING

Picpa abu dhabi spearheaded the seminar on E-Invoicing in UAE.
18/10/2025

Picpa abu dhabi spearheaded the seminar on E-Invoicing in UAE.

IFRS 18 effective 1 January 2027 retrospectively, Early adoption is permitted.
24/06/2025

IFRS 18 effective 1 January 2027 retrospectively, Early adoption is permitted.

📌 Key Highlights VAT Public Clarification (VATP044):Taxable persons in the UAE importing services must account for VAT ...
28/05/2025

📌 Key Highlights VAT Public Clarification (VATP044):

Taxable persons in the UAE importing services must account for VAT unless exempt locally :

✅Output Tax: Report VAT on imported services in the relevant tax period. ​
✅Tax Invoices: Issue invoices to themselves within 14 days unless exempt by the FTA. ​
✅Input Tax Recovery: Recover VAT if services are for taxable supplies and supporting documents are retained. ​
✅Exceptions: FTA may waive invoice issuance if sufficient records are kept and VAT is correctly accounted for.

Biz International Tax Consultancy and Accounting recently participated in a seminar on VAT and Transfer Pricing regulati...
27/05/2025

Biz International Tax Consultancy and Accounting recently participated in a seminar on VAT and Transfer Pricing regulations, spearheaded by the Philippine Institute of Certified Public Accountants (PICPA) Abu Dhabi. The event took place on Saturday, 17 May 2025, at Station 8 in Abu Dhabi, and was held in collaboration with Corporate Group .

The seminar addressed significant updates, including the Federal Tax Authority's (FTA) Public Clarification No. 40, which provides insights into the amendments introduced by Cabinet Decision No. 100 of 2024 to the VAT Executive Regulation under Federal Decree-Law No. (8) of 2017 . These revisions represent substantial changes to the UAE's VAT regulations, impacting compliance requirements for businesses.
Additionally, the seminar covered new Transfer Pricing (TP) requirements and compliance strategies. Key topics included the introduction to disclosure forms, focusing on Local Files, Master Files, Connected Persons, and the impact of TP on tax and VAT. The sessions aimed to prepare businesses for TP compliance deadlines and offered vital guidance for adapting to these regulations .

By engaging in this seminar, Biz International Tax Consultancy and Accounting demonstrates its commitment to staying abreast of regulatory changes and providing clients with informed, up-to-date tax advisory services.

In the United Arab Emirates (UAE), tax audits are conducted by the Federal Tax Authority (FTA) to ensure compliance with...
19/05/2025

In the United Arab Emirates (UAE), tax audits are conducted by the Federal Tax Authority (FTA) to ensure compliance with tax laws, particularly concerning Value Added Tax (VAT) and other applicable taxes. Understanding the audit process and maintaining proper documentation are crucial for businesses to ensure compliance and avoid penalties.

📢 Attention UAE Business Owners: Understand When the Corporate Tax Penalty Waiver AppliesThe Federal Tax Authority (FTA)...
09/05/2025

📢 Attention UAE Business Owners: Understand When the Corporate Tax Penalty Waiver Applies

The Federal Tax Authority (FTA) offers relief through its Waiver of Penalty policy—but only in specific, justified scenarios. If your business missed the corporate tax registration deadline, you may still be eligible for a waiver under certain conditions.

💼 Take proactive steps to protect your business. If any of these situations apply, submit your waiver request as soon as possible.

📢 Regulatory Update for Multinational Enterprises Cabinet Approves Top-up Tax Implementation – Effective January 1, 2025...
02/05/2025

📢 Regulatory Update for Multinational Enterprises
Cabinet Approves Top-up Tax Implementation – Effective January 1, 2025. The UAE Cabinet has officially approved the introduction of a Top-up Tax applicable to Multinational Enterprise (MNE) Groups meeting specific revenue thresholds. This marks a significant step in aligning with global tax standards and ensuring fair corporate tax practices.
🔍 Key Highlights:
📅 Effective Date: January 1, 2025
💶 Scope: Applies to MNE Groups with annual consolidated revenue of EUR 750 million or more in at least two of the four preceding fiscal years
📑 Legal Basis: The decision is grounded in relevant federal laws and presented by the Ministry of Finance
📘 Details: Further provisions and application mechanisms are outlined in the annexure to the Cabinet Decision
This development is particularly relevant for global businesses operating in or through the UAE and may have implications for tax planning, compliance, and group structuring strategies.

Decision No. 142 of 2024

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Rihan Heigths
Abu Dhabi

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Monday 09:00 - 18:00
Tuesday 09:00 - 18:00
Wednesday 09:00 - 18:00
Thursday 09:00 - 18:00
Friday 09:00 - 18:00
Saturday 09:00 - 00:00

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