Midwaters Accounting and Tax Advisors

01/10/2026

Empowering Your Business with Smarter Financial Solutions.

Our services include:
🔹 VAT Services – Registration, filing & compliance
🔹 Corporate Tax Services – Registration, filing & advisory
🔹 Accounting & Bookkeeping – Accounting, reconciliations & reporting
🔹 Audit Services – Audit & assurance support
🔹 AML Services – AML compliance, risk assessments & CDD/KYC
📞 058 894 1513
🌐 www.midwaters.com
📧 [email protected]
MIDWATERS – Navigating your business to financial clarity.

22/08/2026

📊 Your Business Deserves More Than Just Compliance.

At Midwaters, we provide a complete accounting and tax solution designed to keep your business financially healthy and fully compliant.

✅ VAT Registration & Filing
✅ Corporate Tax Services
✅ Monthly Bookkeeping
✅ Financial Advisory & Support

Let us handle the numbers while you focus on growing your business.

📞 052 889 3067
📧 [email protected]
🌐 www.midwaters.com

27/05/2026

15/05/2026

Under the UAE Corporate Tax Law, Free Zone companies can benefit from a 0% Corporate Tax rate if they qualify as a “Qualifying Free Zone Person” (QFZP).

To obtain this status, the business must maintain adequate substance in the UAE, earn qualifying income, comply with transfer pricing rules, prepare audited financial statements, and meet all regulatory requirements.

Qualifying income generally includes transactions with other Free Zone entities, foreign-source income, and certain approved activities such as manufacturing, logistics, holding companies, and distribution services.

However, if a company exceeds the permitted non-qualifying income threshold, it may lose its QFZP status and become subject to the standard 9% Corporate Tax rate.

Overall, the QFZP regime helps the UAE maintain its attractiveness for international business while ensuring compliance with global tax standards.

09/05/2026

Stay compliant and financially confident with Midwaters.

From VAT and Corporate Tax compliance to annual financial statements, our experts provide reliable, end-to-end accounting solutions tailored for growing businesses in the UAE.

Focus on scaling your business while we handle the numbers with precision and care.

www.midwaters.com

05/05/2026

Simplify your finances with Midwaters’ all-in-one accounting and tax solutions. From VAT and Corporate Tax to monthly bookkeeping, we provide expert support tailored to your business needs—so you can stay compliant and focus on growth.

www.midwaters.com

27/04/2026

UAE Corporate Tax Insight: Depreciation Deductions

Under the UAE Corporate Tax regime (Federal Decree-Law No. 47 of 2022), businesses are allowed to deduct expenses that are wholly and exclusively incurred for business purposes when calculating taxable income.

Depreciation on business assets qualifies as a deductible expense, provided that:

• The asset is used for generating taxable business income
• Depreciation is recorded in accordance with accepted accounting standards (IFRS or applicable standards)
• The expense is properly documented and consistently applied

This means that assets such as machinery, equipment, furniture, and IT systems can reduce your taxable profit over their useful life, improving overall tax efficiency.

However, businesses must ensure:

• No overstatement or artificial depreciation
• Compliance with FTA guidelines and proper asset registers
• Adjustments where accounting depreciation differs from tax treatment (if required)

Proper asset tracking and depreciation policies are key to maximizing allowable deductions while remaining fully compliant.