Flyingcolour Accounting & VAT Services

Flyingcolour Accounting & VAT Services The One Stop Shop to outsource all your Accounting, VAT consultancy, registration and Filing.

We provide easy access to qualified bookkeepers and accounting professionals, without you ever having to hire them.

Small Business Relief Just Got a 3-Year ExtensionMinisterial Decision No. 131 of 2026 extends the Small Business Relief ...
08/08/2026

Small Business Relief Just Got a 3-Year Extension

Ministerial Decision No. 131 of 2026 extends the Small Business Relief threshold under Ministerial Decision No. 73 of 2023, now applicable to Tax Periods ending on or before 31 December 2029.

AED 3 million revenue threshold unchanged
Applies from Tax Periods starting 1 June 2023
More runway for eligible businesses to stay compliant

Not sure if your business still qualifies? Let's find out.

If you’re unsure where to start, we’re here to help.
TAN: 30008296 | FTA Approved
📞 +971 44542366
📞 +971 55 4413566
🌐 www.flyingcolourtax.com
📧 [email protected]

📩 Stay compliant. Stay stress-free.

The UAE has introduced clear registration and deregistration timelines for multinational enterprises under the Top-Up Ta...
07/08/2026

The UAE has introduced clear registration and deregistration timelines for multinational enterprises under the Top-Up Tax framework.
If your multinational group falls within the scope of Pillar Two, missing these deadlines could lead to unnecessary compliance issues and penalties.
In this carousel, we cover:
• What's implemented under FTA Decision No. 12 of 2026
• Registration deadlines
• Deregistration rules
• In-scope and out-of-scope notification requirements
• Key dates every multinational group should know
Stay ahead of your compliance obligations and ensure your business is prepared before the deadlines arrive.
Need guidance on UAE Pillar Two compliance? Connect with Flyingcolour Tax today.
If you’re unsure where to start, we’re here to help.
TAN: 30008296 | FTA Approved
📞 +971 44542366
📞 +971 55 4413566
🌐 www.flyingcolourtax.com
📧 [email protected]

📩 Stay compliant. Stay stress-free.

06/08/2026

New from the FTA: 54 corporate tax questions, answered in one document.

No more digging through scattered guides. This single FAQ covers it all, Free Zone qualifying income and substance rules, allowable deductions and taxable income, mandatory registration triggers, financial statement and loss transfer rules, and transitional relief. Straight from the source, explained in plain English.

Want the full 54-question summary? Comment "FTA" below and we'll send it straight to your inbox

If you’re unsure where to start, we’re here to help.
TAN: 30008296 | FTA Approved
📞 +971 44542366
📞 +971 55 4413566
🌐 www.flyingcolourtax.com
📧 [email protected]

📩 Stay compliant. Stay stress-free.

28/07/2026

Free Zone distributors, this is an important Corporate Tax update for 2026.

If you're claiming the 0% Corporate Tax as a Qualifying Free Zone Person, there's a new compliance requirement you can't ignore.

Under FTA Decision No. 6, eligible businesses must now maintain an Agreed-Upon Procedures (AUP) Report along with their audited financial statements. Your independent auditor will verify that your customers are genuine resellers or processors and that imports enter the UAE through the designated free zone, backed by the required documentation.

Missing the AUP report deadline could put your qualifying tax status at risk.

Comment "COMPLIANT" and we'll share everything you need to know.

If you’re unsure where to start, we’re here to help.
TAN: 30008296 | FTA Approved
📞 +971 44542366
📞 +971 55 4413566
🌐 www.flyingcolourtax.com
📧 [email protected]

📩 Stay compliant. Stay stress-free.

The "Carry Forward" era is officially over. 🛑💸2026 has brought a major "Reset" to the UAE Tax landscape. If you've been ...
22/07/2026

The "Carry Forward" era is officially over. 🛑💸

2026 has brought a major "Reset" to the UAE Tax landscape. If you've been carrying forward VAT credits from 2021 without claiming a refund, your time is running out. Under the new Federal Decree-Law No. 17, credits more than five years old will now expire permanently.

But it's not all about deadlines. The new R&D Tax Credit is finally here, offering up to 50% back on your innovation costs. At Flying Colour Tax, we don't just help you comply; we help you recover what’s yours before the clock hits zero.

Is your business sitting on expiring credits? Swipe back to see the 5-year rule and
DM "TAX" to secure your 2026 health check. 👇

If you’re unsure where to start, we’re here to help.
TAN: 30008296 | FTA Approved
📞 +971 44542366
📞 +971 55 4413566
🌐 www.flyingcolourtax.com
📧 [email protected]

📩 Stay compliant. Stay stress-free.

The UAE's e-invoicing transformation has officially begun, and businesses that prepare early will have a much smoother t...
20/07/2026

The UAE's e-invoicing transformation has officially begun, and businesses that prepare early will have a much smoother transition. From understanding your implementation phase to selecting the right Accredited Service Provider (ASP), every step matters.

With this You will get to know:
What UAE e-invoicing really means
Who needs to comply and when
The key implementation deadlines
How to prepare your accounting systems
The risks of delaying compliance

Waiting until the last minute could lead to penalties, payment delays, and unnecessary business disruption. Start preparing now so your business stays compliant and future-ready.

Need expert guidance? Flying Colour Tax can help you assess your readiness, identify the right compliance path, and support your transition to UAE e-invoicing.

If you’re unsure where to start, we’re here to help.

TAN: 30008296 | FTA Approved
📞 +971 44542366
📞 +971 55 4413566
🌐 www.flyingcolourtax.com
📧 [email protected]
📩 Stay compliant. Stay stress-free.

Exiting a Tax Group? Your VAT obligations don't end there.The FTA has issued Directive on Tax Transactions No. 2 of 2026...
16/07/2026

Exiting a Tax Group? Your VAT obligations don't end there.

The FTA has issued Directive on Tax Transactions No. 2 of 2026, addressing VAT adjustments after a registrant exits a Tax Group, effective 1 August 2026.

If your business leaves a Tax Group but stays VAT-registered, any outstanding adjustments to previously declared supplies or recovered input tax must now be reflected in your own returns.

What this means for you:
Review adjustments tied to your time in a Tax Group
Keep supporting documentation ready
Align your VAT return process before the deadline
Consult your tax advisor if this applies to you
Being proactive now avoids compliance gaps later.

📩 Get VAT-Ready. Talk to Flying Colour Tax today.

If you’re unsure where to start, we’re here to help.
TAN: 30008296 | FTA Approved

📞 +971 44542366
📞 +971 55 4413566
🌐 www.flyingcolourtax.com
📧 [email protected]
📩 Stay compliant. Stay stress-free.

15/07/2026

What if your 0% Corporate Tax benefit disappears years later?

Many businesses assume that once they qualify as a Qualifying Free Zone Person (QFZP), the tax benefit is guaranteed. But what happens if an FTA audit later determines that your company no longer meets the qualifying conditions?

In this podcast, we discuss how a future audit could potentially affect your tax position, why maintaining compliance is just as important as obtaining the benefit, and the financial consequences businesses should be aware of.

Watch the full conversation on our YouTube Channel to understand the risks, protect your business, and avoid costly surprises.

Do you think businesses focus enough on ongoing compliance after obtaining tax benefits? Share your thoughts in the comments.

If you’re unsure where to start, we’re here to help.
TAN: 30008296 | FTA Approved
📞 +971 44542366
📞 +971 55 4413566
🌐 www.flyingcolourtax.com
📧 [email protected]

📩 Stay compliant. Stay stress-free.

📢 DMCC Companies, Have You Checked Your Audit Submission Deadline?The standard audit submission deadline may have been 3...
06/07/2026

📢 DMCC Companies, Have You Checked Your Audit Submission Deadline?

The standard audit submission deadline may have been 30 June 2026, but many DMCC companies have received an extension until September 2026.

Before assuming your deadline has passed, log in to your DMCC Portal and verify the audit submission date assigned to your company.

Submitting your audit report on time helps you stay compliant and avoid unnecessary penalties or administrative delays.

Need assistance with your DMCC audit submission? Flying Colour is here to help. 📩

If you’re unsure where to start, we’re here to help.
TAN: 30008296 | FTA Approved
📞 +971 44542366
📞 +971 55 4413566
🌐 www.flyingcolourtax.com
📧 [email protected]

📩 Stay compliant. Stay stress-free.

The UAE is moving toward a smarter, digital tax ecosystem! E-Invoicing is no longer just a concept, it’s the future of ...
04/07/2026

The UAE is moving toward a smarter, digital tax ecosystem! E-Invoicing is no longer just a concept, it’s the future of business transparency. By shifting to a Clearance-Based Model, the UAE is aligning with global best practices to make VAT compliance faster and more accurate.
Is your business ready for the next big VAT shift? Don't wait for the deadline to adapt.
Swipe to understand how this structured digital format will streamline your operations. 📲
If you’re unsure where to start, we’re here to help.
TAN: 30008296 | FTA Approved
📞 +971 44542366
📞 +971 55 4413566
🌐 www.flyingcolourtax.com
📧 [email protected]

📩 Stay compliant. Stay stress-free.

Address

2608-09, Concord Tower, Dubai Media City
Dubai

Opening Hours

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

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