In 2023, Corporate Tax registration starts. If your business’s tax period begins in June 2023, you must register by January. Tax returns and payments are required by February 2025, allowing you a nine-month window after your tax period concludes.
Outsourcing accounting functions ensures accurate financial records, compliance with tax regulations, and access to experienced professionals, often at a lower cost than maintaining an in-house accounting department.
Many small and medium-sized UAE startups can’t bear the cost of hiring a full-time accountant, including salary, software, and insurance expenses. To reduce these expenses, companies should consider outsourcing their accounting needs to professional accounting firms like NOW Consultant.
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