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Comprehensive RAKEZ Licence Renewal Guide: Avoid Delays and Penalties
December 20, 2024

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As she trekked through the underbrush, her senses on high alert for any sign of wildlife, Mila stumbled upon an ancient, hidden temple. The structure, covered in vines and moss, seemed to whisper secrets to her as she approached. Her curiosity piqued, Mila cautiously made her way inside, her heart racing with excitement.

“Who are you?” Mila demanded, trying to keep her voice steady.

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The air inside the temple was thick with the scent of decay and forgotten history. Mila’s eyes adjusted to the dim light, and she began to explore the intricate carvings and symbols etched into the walls. As she reached out to touch a particularly interesting glyph, the ground beneath her gave way, and she found herself tumbling into a hidden pit.

“My name is Max,” the stranger replied, his voice low and soothing. “And you are?” As she trekked through the underbrush, her senses

As the sun dipped below the horizon, casting the rainforest in a golden glow, Mila steeled herself for the challenges ahead. She knew that she would have to use every ounce of strength and cunning to survive and outsmart her captors.

Mila landed hard on the cold, damp earth, her senses reeling from the impact. As she struggled to sit up, she realized she was trapped, with no visible means of escape. Panic began to set in as she frantically assessed her situation. Her phone had no signal, and her emergency whistle was still in her backpack, which was now out of reach. “Who are you

As they worked together to find a way out, Mila couldn’t help but notice the sparks flying between them. But their budding connection was put to the test when they stumbled upon a group of treasure hunters, who had been tracking Mila’s expedition.

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Spondoo, a leading online accounting firm, has launched Theta 7, its new branch in the United Arab Emirates. Theta 7 is an online accounting firm that offers a range of accounting services to businesses in the UAE, leveraging technology to offer accurate, timely and cost-effective solutions. With its launch in 2023, Theta 7 is set to revolutionise the accounting industry in the UAE.
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Most jurisdictions now restrict or disallow client entertainment expenses, and the UAE is no exception to this. When you take a client out for dinner or drinks, or even paying for a joint golfing trip, this is client entertainment. You can indeed pay for this type of expense via the business, and it is still legitimate to do so.
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If a company has a taxable profit of 400,000 AED, the calculation will be (375,000 AED x 0%) + (25,000 AED x 9%) giving a tax bill for the period of 2,250 AED.
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Simply put - Yes and no: There is no income tax on a person’s salary, wages, bank interest, dividends, or capital gains in Dubai, however, from June 2023 corporation tax was introduced
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It is important to note that Free Zone companies are not exempt from corporation tax in the UAE, but they may qualify for a 0% tax rate. This is an important distinction as all Free Zone companies be required to register for corporation tax with the Federal Tax Authority (FTA) and file returns at least annually.
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The information provided on this site is for general guidance purposes only and may change based on updates to UAE laws and regulations. It should not be construed as financial, accounting, auditing, or legal advice, nor relied upon as the sole basis for making financial or compliance decisions. We recommend seeking specific professional advice tailored to your individual circumstances.

Theta7 is a trading name of THETA 7 Accounting & Bookkeeping L.L.C, an authorised and licensed accounting firm under the Ministry of Economy and the Federal Tax Authority of the United Arab Emirates. Audit services are provided exclusively through AuditCo Times Auditors L.L.C, a licensed audit firm operating under the Theta7 Group.
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