Jaxa Chartered Accountants

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Jaxa Chartered Accountants

JAXA Chartered Accountants is an ISO 9001-2015 certified firm of experienced Chartered Accountants We serve more than 1500+ clients across U.A.E.

Every business is different - but what every business needs are expert financial advice and accountancy. JAXA Chartered Accountants is an ISO 9001-2015 certified firm of experienced Chartered Accountants, auditors and specialist service teams offering a wide range of services including Auditing, Accounting, Feasibility studies and Management and Software Consultancy services tailored to client’s needs. Our head office is in Dubai with branch offices in Abu Dhabi, Jebel Ali, Sharjah. With practices throughout the UAE, we become experts in your business - helping you take control of finances, across every aspect of your company. Whilst we are qualified auditors, accountants and business advisers, what makes us different is our innovative, flexible and commercial approach. More than 75+ highly qualified and experienced professionals are available in our office to provide the greatest level of professionalism in all areas of Auditing, Accountancy, Business advice and Financial Planning. Our audit report is approved by banks in U.A.E. and we have authorized auditors for all the Free Trade Zones and other license issuing authorities in U.A.E. Wherever possible we aim to be of vital assistance to our clients. We work with like-minded people who challenge the process and make a difference. We follow International Accounting Standards/ International Financial Reporting Standards and committed to keeping the highest levels of professional standards and quality.

15/10/2026

UAE VAT UPDATE: INPUT TAX RECOVERY ON EMPLOYEE EXPENSES

The UAE FTA has issued Decision No. 17 of 2026, clarifying the cases and conditions for recovering input VAT on certain employee expenses.

Effective Date: 1 October 2026
Key areas where input VAT recovery may be allowed:

Employee Transportation: Business-related transportation between residence, workplace or client premises, subject to conditions.

Food & Beverages: Meals provided to employees working in remote or isolated locations, where the specified conditions are met.

Employee Accommodation: Work-related accommodation required by operational needs, subject to specific criteria.

New Employee Accommodation: Temporary accommodation for new employees for a period of up to 30 days.
Mobile & Internet Services: Work-related mobile phones, data packages and internet access, with documented usage policies and monitoring.

Parking Fees: Business-related employee parking expenses, supported by an internal policy and payment records.

What should businesses do?
✔ Review employee expense policies and reimbursement procedures.
✔ Maintain supporting invoices, receipts and relevant records.
✔ Establish documented internal policies for eligible expenses.
✔ Assess compliance with the new requirements before the effective date.

Stay compliant and review your VAT recovery practices ahead of the new rules.

13/10/2026

External Audit: Why It Matters 📊

🎯 Accuracy – Reliable financial records
✅ Compliance – Meet UAE compliance requirements
🤝 Trust – Strengthen business credibility
🛡️ Security – Identify risks early
💡 Better Decisions – Make informed choices

Audit with Confidence. Grow with Clarity.
JAXA Chartered Accountants

08/10/2026

UAE TOP-UP TAX: KEY REGISTRATION & COMPLIANCE DEADLINES

The UAE FTA has issued Decision No. 12 of 2026, setting out deadlines for entities subject to the Domestic Minimum Top-up Tax (DMTT).

Key takeaways for businesses:
*Tax Registration: Within 7 months from the end of fiscal year.
*Transitional Deadline: For fiscal years ending before 30 April 2026 registration deadline is 30 November 2026.
*Deregistration: Apply within 6 months of the relevant cessation or exit from the MNE Group.
*Out-of-Scope Notification: Notification within 6 months after the end of the tested fiscal year.
*Effective Date: The decision applies to fiscal years starting on or after 1 January 2025.

Important: Businesses within the scope of the UAE Top-up Tax should review their group structure, registration status and filing deadlines to support timely compliance.

06/10/2026

Who Qualifies for Small Business Relief (SBR)?

A UAE business may qualify if:
• 💰 Revenue: AED 3 million or less per tax period
• 🌍 UAE Resident: Must be a UAE Resident Person
• 🚫 Not an MNE: Must not be part of a large MNE group
• 🏢 Not a QFZP: Qualifying Free Zone Persons are not eligible

⚠️ Incorrectly claiming SBR may lead to additional tax, penalties, and late-payment charges.

01/10/2026

QUALIFYING FREE ZONE PERSON (QFZP)

DO YOU QUALIFY FOR 0% CORPORATE TAX?

A Free Zone entity may qualify for 0% Corporate Tax on Qualifying Income if it meets the required conditions.

KEY REQUIREMENTS:
✓ Maintain adequate substance in the UAE
✓ Earn Qualifying Income
✓ Comply with Transfer Pricing requirements
✓ Maintain audited financial statements
✓ Meet the de minimis requirement

DE MINIMIS THRESHOLD
Non-qualifying Revenue must not exceed the lower of: 5% of total Revenue OR AED 5 million

IMPORTANT:
0% applies to Qualifying Income — not automatically to all income.

29/09/2026

IFRS 18: WHAT BUSINESSES SHOULD KNOW BEFORE 2027

A new standard is set to change how financial performance is presented and disclosed.

Effective: 1 January 2027

IFRS 18 introduces:
✓ New categories for income and expenses
✓ Defined subtotals in the Statement of Profit or Loss
✓ New disclosures for Management-Defined Performance Measures
✓ Enhanced requirements for aggregation and disaggregation

Start understanding the changes before implementation.

24/09/2026

UAE E-INVOICING

5 KEY STEPS FOR BUSINESS READINESS

01 | Assess Technology
Evaluate ERP & accounting system readiness.

02 | Select an ASP
Choose an Accredited Service Provider.

03 | Validate Invoice Data
Ensure accurate TRN, VAT & customer details.

04 | Strengthen Controls
Review invoicing, approvals & record-keeping.

05 | Plan & Prepare
Train your team and plan implementation.

START PREPARING TODAY

BE READY. STAY COMPLIANT.

22/09/2026

UAE E-INVOICING

Get Ready for the New Era of Digital Invoicing

The UAE is introducing a nationwide e-invoicing framework, with phased implementation from 2026 and mandatory adoption from 2027.

WHY PREPARE NOW?
✓ Structured & compliant invoices
✓ Accurate digital records
✓ ERP & accounting system readiness
✓ Seamless electronic invoice exchange
✓ Peppol-based 5-Corner Model

Need assistance with UAE E-Invoicing?
Contact JAXA Chartered Accountants today.

Your Compliance Partner in the UAE

17/09/2026

🚨 UAE FTA TAX UPDATE

New Supply Verification Requirements

📅 FTA Decision No. 13 of 2026

The Federal Tax Authority has issued new measures setting out procedures and conditions for taxable persons to verify the validity and integrity of supplies.

⚠️ What Businesses Should Know

Businesses should strengthen their checks on:

✅ Supplier information
✅ Validity of transactions
✅ Supporting tax documentation
✅ Accuracy and authenticity of supplies

📌 Why It Matters

Proper supplier and transaction verification can help businesses reduce VAT compliance risks and support the validity of their tax positions.

Address

M17, Al Mozna Building, Al Qusais
Dubai
P.OBOX92363

Website

http://www.jaxaauditors.com/

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