Welcome to Entrepreneurship Lab, a space where you can learn how to start and scale your business.
In this episode, my guest is Lena Barwick, a licensed business accounting consultant and she is sharing with us the most important things we should know about taxes in the UAE.
Lena explains what is VAT and how and when to apply for it. She also talks about upcoming corporate tax and Emaratax, a new online application from the UAE government. Listen to this episode to learn what mistakes to avoid as a start-up entrepreneur and how to avoid fines.
***Important: Lena explains that once you apply for VAT you will have to submit all your invoices and reports from the moment of opening your company, however, she confirms that the VAT revenue number has to be reached in the last 12 months (not from the time of opening your company).
To connect with Lena Barwick, you can go to her website: https://www.bespokeaccounting.me/
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If you would like to learn more about growing your business check out my FREE online course "How To Get Clients Without Paying Ads" here: https://www.nevenabazalac.com/landing-page1634046058222
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