SB Accounting & Auditing & Tax

SB Accounting & Auditing & Tax Trusted Expertise in Accounting, Auditing, and Tax Advisory. in Dubai .

Many business owners focus on VAT registration but very few pay attention to VAT deregistration.In the UAE, you cannot s...
12/02/2026

Many business owners focus on VAT registration but very few pay attention to VAT deregistration.

In the UAE, you cannot stay registered for VAT if you no longer meet the requirements. The law clearly states when you must apply for deregistration.
You need to apply for VAT deregistration if:
- You stop making taxable supplies completely.
For example, if you close the business or stop trading.
- Your taxable supplies over the last 12 consecutive months fall below the voluntary registration threshold (AED 187,500), and you do not expect your supplies or taxable expenses in the next 30 days to exceed that amount.

Important deadline:
You must submit the deregistration application within 20 business days from the date the condition occurs and failing to apply on time can lead to penalties.
If your business activity has reduced recently, it may be time to review your VAT position.

Simple compliance step — but an important one.When issuing a sales invoice or recording an expense in a currency other t...
03/02/2026

Simple compliance step — but an important one.

When issuing a sales invoice or recording an expense in a currency other than the UAE Dirham, FTA requires the amount to be converted to AED using the UAE Central Bank exchange rate on the transaction date.
Using estimated averages, or internal rates may lead to incorrect VAT reporting and issues during an FTA audit.

Official exchange rates are available here:
https://lnkd.in/dtveZdZq

Bad Debt Relief - UAE VATAre you paying VAT on invoices you never collected?UAE VAT law allows businesses to recover VAT...
02/02/2026

Bad Debt Relief - UAE VAT
Are you paying VAT on invoices you never collected?
UAE VAT law allows businesses to recover VAT on bad debts, but only if strict conditions are met:
✔️ Goods or services were supplied
✔️ VAT was charged and paid to the FTA
✔️ The unpaid amount was written off in the accounts
✔️ At least six months have passed since the date of supply
✔️ The customer was formally notified
VAT is recovered as a negative adjustment in the VAT return.

👉 Proper documentation is essential. Without it, bad debt relief can be challenged during an audit.
👉 Bad debt relief can protect your cash flow if done correctly.

Feel free to reach out if you need support reviewing your VAT position.

Closing a Company in the UAE? Here’s What Many Owners Don’t RealizeWhen a business comes to an end, many people think li...
31/01/2026

Closing a Company in the UAE? Here’s What Many Owners Don’t Realize
When a business comes to an end, many people think liquidation means just cancelling the license.
In reality, company liquidation in the UAE is a process, not a single step.
It usually includes:
• Settling liabilities and outstanding balances
• Closing VAT and Corporate Tax matters properly
• Dealing with banks and authorities
• Issuing a liquidation report
• Making sure there are no future penalties or surprises
Rushing this process or missing steps can cause problems later — even after the company is “closed”.
At our office, we help business owners handle liquidation the right way, from start to finish, so they can close one chapter with peace of mind and move on to the next.
Closing a company properly is just as important as opening one properly.
If you need support with company liquidation in the UAE, please feel free to reach out.

Did you know that if a natural person owns multiple sole establishments, they do NOT register each establishment separat...
31/01/2026

Did you know that if a natural person owns multiple sole establishments, they do NOT register each establishment separately for VAT?
The Federal Tax Authority (FTA) clarified that
➡️ Only ONE VAT registration is required
➡️ All sole establishments owned by the same person must be grouped under a single VAT registration
For VAT threshold purposes:
✔️ Taxable supplies of the person + all sole establishments are aggregated
✔️ Separate registrations for each sole establishment are not permitted

If you manage multiple sole establishments, it’s important to ensure your VAT registration structure is correct.

Understanding VAT registration is essential for every business operating in the UAE. Missing the right time to register ...
30/01/2026

Understanding VAT registration is essential for every business operating in the UAE. Missing the right time to register can lead to penalties and compliance issues.
Here’s a clear snapshot 👇
🔹 Mandatory VAT Registration
You must register if the total value of your taxable supplies and imports:
Exceeds AED 375,000 in the last 12 months, or is expected to exceed AED 375,000 in the next 30 days
🔹 Voluntary VAT Registration
You may apply voluntarily if your taxable supplies, imports, or taxable expenses:
Exceed AED 187,500 in the last 12 months, or
Are expected to exceed AED 187,500 in the next 30 days
🔹What is a Taxable Supply?
A taxable supply includes goods or services subject to 5% VAT or 0% VAT, including certain imports, if they would be taxable when supplied in the UAE.
✅ Knowing when to register helps you stay compliant, avoid penalties, and manage your cash flow effectively.
📩 Need help assessing your VAT position or registration status?
We’re here to support you.

🚀 Start Your Business in the UAE with Confidence 🇦🇪Thinking of setting up your company in the UAE?We make company format...
28/01/2026

🚀 Start Your Business in the UAE with Confidence 🇦🇪

Thinking of setting up your company in the UAE?
We make company formation and business setup simple, fast, and stress-free.

✅ Mainland & Free Zone company setup
✅ Trade license assistance
✅ Bank account opening support
✅ Visa processing & PRO services
✅ Expert guidance from start to finish

Let our experienced team handle the process, so you can focus on growing your business.

📧 Email: [email protected]

📞 Call / WhatsApp: +971-050-5885792

SB Auditing of Accounts LLC
Your trusted partner for business success in the UAE.

Grow your business with expert accounting services you can rely on.We support startups and established businesses with:•...
28/01/2026

Grow your business with expert accounting services you can rely on.

We support startups and established businesses with:
• Company formation and setup
• Stress-free bookkeeping
• Clear financial reporting
• Smart tax planning

Let us handle the numbers, so you can focus on growing your business with confidence.

Contact us today:
[email protected]
050 588 5792

26/01/2026

Business Setup Made Easy
Contact us : +971505885792
www.sb-accounting.ae
#ضرائب #حسابات #دبى 🇦🇪

26/01/2026

Smart accounting for smarter businesses 📊
Clear numbers. Better decisions.
Contact : +971505885792
www.sb-accounting.ae
#ضرائب #حسابات #دبى 🇦🇪

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