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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 - 18:00

Rasif Accountants

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UAE accounting, bookkeeping, VAT, corporate tax, business setup & compliance. Audit coordination through independent audit partners.

Rasif Accountants FZ-LLC | Ras Al Khaimah. WhatsApp +971 55 770 9776 | rasifaccountants.com Welcome to our financial and business success guide! Rasif Accountants is a firm that has been growing since its establishment in 2018. We understand that managing finances and running a successful business can be a daunting task, especially in today's ever-changing economy. That's why we specialize in providing expert accounting, taxation, auditing, and business consulting services to help you navigate the complex world of finance and achieve your unique goals. Our team of experienced professionals is dedicated to working with you to create personalized solutions tailored to your specific needs. Whether you're an individual looking to manage your personal finances or a business owner seeking to improve your company's profitability, we are here to help. At our firm, we believe that financial success is about more than just balancing the books. It's about understanding your goals, identifying opportunities, and making informed decisions that help you achieve long-term success. So if you're ready to take control of your finances and unlock your true potential, we invite you to join us on this journey to financial and business success.

02/11/2026

Customer advances and UAE VAT: receiving payment for a taxable supply can bring the tax point forward, before delivery or completion. Review the receipt, tax invoice and correct return period. Existing compliance reminder, checked on 2 November 2026; the applicable date-of-supply rules depend on the transaction.

Closing a Ras Al Khaimah business? Rasif helps coordinate licence-cancellation checklists, organise application references and follow up outstanding confirmations. Requirements and approvals remain with the relevant licensing authority.

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Official VAT law, Articles 25–26:
https://mof.gov.ae/wp-content/uploads/2025/12/Federal-Decree-Law-No.-8-of-2017-and-amendments-en-3.12.25.pdf

01/11/2026

Business donations and UAE Corporate Tax: donations, grants and gifts to entities that are not Qualifying Public Benefit Entities are non-deductible. Check the recipient’s status and retain the supporting records. This is an existing compliance rule, checked on 1 November 2026—not a new announcement.

Year-end reporting: Rasif helps reconcile closing balances, organise receivable, payable, asset and loan schedules, and flag unresolved items for review.

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Official FTA guidance, section 4.2:
https://tax.gov.ae/Datafolder/Files/Guides/CT/Exempt%20Persons%20-%20Public%20Benefit%20Entities%20Pension%20Funds%20and%20Social%20Security%20Funds%20-%2001%2012%202023.pdf

17/10/2026

Client dinner? Check the tax deduction.

Client entertainment expenses are generally only 50% deductible for UAE Corporate Tax. Keep the invoice, attendees and business purpose, and review the correct tax adjustment. Employee costs and incidental office refreshments can follow different rules.

Current compliance reminder—not a new announcement. Checked on 17 October 2026 against the FTA’s Determination of Taxable Income guide (July 2024), section 4.5.10.

Service spotlight: business consultation for expansion planning. Model one-off costs, monthly commitments and break-even sales before committing cash.

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Official FTA source:
https://tax.gov.ae/DataFolder/Files/Pdf/2024/Determination%20of%20Taxable%20Income%20-%2031%2007%202024.pdf

16/10/2026

Selling online across emirates? Check your VAT reporting.

For qualifying e-commerce registrants, goods are reported in Box 1 by the delivery emirate. The AED 100 million calendar-year e-commerce supplies threshold, qualifying criteria and two-year application rules must be assessed. Rasif can review your sales data and VAT reporting.

Current compliance reminder—not a new announcement. Checked on 16 October 2026 against the FTA’s current VAT Executive Regulation, Article 72, and e-commerce FAQs.

Service spotlight: trademark registration assistance focused on applicant information, supporting documents and application coordination. Start with a well-organised file.

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Official FTA sources:
https://tax.gov.ae//Datafolder/Files/Legislation/2026/Law-No-8-of-2017-and-its-amendments--09-2026.pdf
https://tax.gov.ae/en/faq.aspx?keyword=electronic

Trademark services:
https://www.moet.gov.ae/en/w/trademark-services-1

15/10/2026

Profitable again? Review your tax losses.

Eligible carried-forward UAE Corporate Tax losses can generally offset up to 75% of taxable income before Tax Loss relief. Eligibility and ownership conditions apply. Rasif can review loss schedules and supporting records.

This is a current compliance reminder based on the FTA's July 2024 Determination of Taxable Income guide, sections 4.8–4.8.2, not a new announcement.

Service spotlight: bookkeeping for outstanding customer balances — customer-balance reconciliation, receipt allocation checks and aged receivables reporting. Reliable records for your next follow-up.

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Official FTA guidance:
https://tax.gov.ae/DataFolder/Files/Pdf/2024/Determination%20of%20Taxable%20Income%20-%2031%2007%202024.pdf

14/10/2026

Excise compliance check for RAK businesses: liquids used in electronic smoking devices and tools have a minimum Excise Price of AED 1 per mL. This is an excise-price floor, not a tax rate. Cabinet Decision No. 137 of 2026 was issued on 24 July 2026 and took effect on 1 September 2026; this is a current reminder, not a new announcement.

Rasif can help review product data and excise calculations.

Service spotlight: audit-query coordination — document-request tracking, management-response coordination and supporting-schedule follow-up. The independent licensed audit partner performs the audit and issues the report.

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Official source (M*F announcement, 6 August 2026):
https://mof.gov.ae/en/news/ministry-of-finance-announces-decision-introduces-a-minimum-excise-price-for-liquids-used-in-electronic-smoking-devices-effective-1-september-2026/

13/10/2026

Foreign tax paid on income that is also subject to UAE Corporate Tax? The FTA states that the Foreign Tax Credit is capped at the lower of the foreign tax paid and the UAE Corporate Tax payable on the relevant income. Any excess cannot be carried forward or back.

Service spotlight: VAT deregistration support — eligibility and turnover review, EmaraTax application preparation, and a final-return and liability checklist. The FTA states that the final VAT return and payment are due no later than 28 days from the effective deregistration date.

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Official guidance:
https://tax.gov.ae/en/faq.aspx?keyword=Is+a+credit+available+for+foreign+tax+paid+on+income+that+is+also+subject+to+UAE+CT%3F
https://tax.gov.ae/en/services/vat.deregistration.aspx

12/10/2026

UAE VAT document check: Cabinet Decision No. 149 of 2026, effective 1 October 2026, states that a Tax Credit Note must clearly display the words “Tax Credit Note.” Review your correction-document templates and supporting records.

Service spotlight: mainland company formation. Rasif supports activity and structure review, trade-name and initial-approval coordination, and licence documentation and submission support. Approvals remain with the relevant authorities.

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Official source:
https://mof.gov.ae/wp-content/uploads/2026/09/Cabinet-Decision-No.-149-of-2026-Amending-Certain-Provisions-of-The-Executive-Regulation-of-VAT-EN.pdf

11/10/2026

One deal. Several parts. Check whether it is one composite supply.

From 1 October 2026, UAE VAT rules clarify that interconnected components which cannot be separated must be treated as a single composite supply, with VAT treatment following the principal component. Review the contract, pricing and invoice together.

Service spotlight: Corporate Tax registration support — entity and tax-period review, document checklist and EmaraTax application assistance for Ras Al Khaimah businesses.

Message Rasif or visit https://rasifaccountants.com

Official guidance:
https://mof.gov.ae/wp-content/uploads/2026/09/Cabinet-Decision-No.-149-of-2026-Amending-Certain-Provisions-of-The-Executive-Regulation-of-VAT-EN.pdf
https://mof.gov.ae/en/news/ministry-of-finance-announces-amendments-to-the-vat-executive-regulation/

09/10/2026

Free zone ≠ VAT-free.

The FTA’s TAXP010 guide, issued 2 October 2026, confirms that a free-zone licence does not automatically put transactions outside UAE VAT. Special treatment is limited to Cabinet-listed Designated Zones and mainly qualifying supplies of goods; services generally follow normal UAE VAT rules.

Today’s service spotlight: financial-statement preparation. Rasif turns reconciled books into year-end balance sheet, profit-and-loss, cash-flow and supporting schedules, with Corporate Tax and independent-audit support where required.

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Official guidance:
https://tax.gov.ae/en/content/free.zones.and.designated.zones.for.tax.purposes.taxp010.aspx

Address

Office 10, Floor 10, Tower 2, RAKEZ Explorer/Business Hub, Al Jazeera Al Hamra Industrial, Ras Al Khaimah
Al Jazirah Al Hamra'

Opening Hours

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 - 18:00

Website

http://www.rasifaccountants.com/

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