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VAT Deregistration in UAE: When, Why & How to Apply (2026 Guide)
Introduction VAT deregistration in the UAE is not just an optional process — it is a mandatory legal requirement when a business no longer meets the VAT registration criteria set by the Federal Tax Authority (FTA). Many UAE businesses mistakenly ignore VAT deregistration, assuming inactivity or low turnover automatically removes VAT obligations. In reality, failure […]
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Common VAT Mistakes UAE Businesses Make (And How to Fix Them) – 2026
Introduction VAT compliance in the UAE has become increasingly strict in 2026. While VAT may seem straightforward, small accounting mistakes often lead to FTA penalties, audits, and cash-flow issues. Many UAE businesses — especially startups and SMEs — unknowingly make VAT errors due to poor record-keeping, incorrect filing, or lack of professional guidance. At MHK […]
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UAE Corporate Tax 2026: Complete Guide for Businesses (With Real Examples)
(Industry Insight: IMAC Gulf Industrial) Introduction The introduction of UAE Corporate Tax (CT) has fundamentally changed how businesses operate and report profits. By 2026, compliance is no longer optional — it is mandatory, monitored, and enforced by the Federal Tax Authority (FTA). For industrial, manufacturing, trading, and service-based companies such as IMAC Gulf Industrial, understanding […]
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How to Choose the Right Business Setup in the UAE (Mainland / Free Zone / Offshore) + Tax Impact (2026 Guide)
Introduction Choosing the right type of business setup in the UAE is one of the biggest decisions for any entrepreneur. Whether you select Mainland, Free Zone, or Offshore, each structure affects your taxation, compliance, ownership, banking, and operations. This 2026 guide will help UAE entrepreneurs pick the best option with full clarity—based on business activity, […]
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FTA Audit Preparation: Checklists & Avoiding Penalties in UAE
Introduction The Federal Tax Authority (FTA) has intensified tax audits across the UAE in 2026, especially after the implementation of Corporate Tax. Whether you’re an SME, freelancer, or Freezone company, staying audit-ready is now essential. An FTA audit reviews your VAT records, Corporate Tax filings, accounting books, and compliance with UAE tax laws. At MHK […]
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Case Study 2: Class Car Rental
Case Study 2: Class Car Rental Industry: Automobile & Car RentalsSubtitle: Smarter Accounting for Rapid Growth Challenge:With an expanding fleet across Dubai and Abu Dhabi, Class Car Rental had revenue leakage issues. Their expense tracking was manual, leading to VAT mismatches and revenue discrepancies between branches. Our Approach: Outcome: CTA: Explore business solutions for SMEs
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