Author name: Prabix

The Dubai International Financial Centre (DIFC) has established itself as one of the leading financial hubs in the region, attracting asset managers, private equity firms, venture capital funds, and investment vehicles from across the globe. While the DIFC offers world-class infrastructure and a robust legal framework, funds registered in DIFC face unique accounting, compliance, and […]

Running a small business is exciting, but managing accounting and finances can quickly become overwhelming. From keeping accurate books to complying with UAE tax regulations, small business owners face challenges that can slow growth and create unnecessary stress. That’s where Prabix steps in – offering tailored, reliable, and affordable accounting services for small businesses. Challenges

What is UAE Corporate Tax? Compliance Obligations Privacy & Public Access: Are UAE Corporate Tax Records Public? This is especially interesting for businesses, investors, researchers: how much of a company’s corporate tax info becomes public? From available sources, here’s what is known: Type of Information Is it Public / Open Data? Notes / Context General

Review of International Tax Regimes: Key Themes, Ideas, and Facts This briefing document summarises key themes, important ideas, and facts extracted from the provided international tax sources. It offers a comparative overview of corporate and individual taxation, withholding taxes, capital gains, and indirect taxes across various jurisdictions, highlighting commonalities, significant differences, and emerging trends. 1.

This briefing document summarizes the key aspects of the taxation of foreign source income under the UAE Corporate Tax Law, drawing from the “Taxation of Foreign Source Income 2023” guide. 1. Overview and Purpose The Federal Decree-Law No. 47 of 2022 (the “Corporate Tax Law”), effective for Tax Periods commencing on or after June 1,

Introduction Startup valuation remains one of the most debated and misunderstood areas in modern finance. Unlike traditional corporate valuation—grounded in financial history and predictable cash flows—early-stage companies bring uncertainty, limited data, and high failure rates. This makes valuations highly complex, fragmented, and subjective, often leading to friction between founders and venture capitalists (VCs) during mergers

Executive Summary This briefing document provides an overview of Business Combinations under Common Control (BCUCCs), the challenges they pose for financial reporting under IFRS Standards, and the IASB’s recent decision to discontinue its project on developing specific requirements for these transactions. BCUCCs occur when a business is transferred between entities ultimately controlled by the same

In today’s fast-changing regulatory environment, compliance with VAT and Corporate Tax requirements has become one of the most critical priorities for businesses and organizations in the UAE. Whether you are a corporate entity, SME, or a registered charity, navigating the complexities of taxation is essential for sustainable operations and avoiding penalties. VAT in the UAE:

This briefing document provides a comprehensive overview of the Federal Tax Authority’s (FTA) “Private Clarifications” mechanism, based on the Private-Clarifications guide. It highlights the main themes, important ideas, and key facts to assist in understanding the nature, eligibility, process, and associated considerations of seeking private tax guidance from the FTA in the UAE. 1. Introduction

This post provides a comprehensive overview of IFRS 14 Regulatory Deferral Accounts, including its objectives, scope, recognition and measurement principles, presentation and disclosure requirements, and the broader context of the IASB’s project on rate-regulated activities. 1. Executive Summary IFRS 14 “Regulatory Deferral Accounts” is an interim standard issued by the International Accounting Standards Board (IASB)