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Closing a financial year in your ERP system is more than flipping a date - it’s about ensuring your books are accurate, compliant, and ready for the next period. Below is a structured checklist of all the important areas you should review and complete before finalizing your year-end close in Arzonell.   1. Finalise All Sales and Purchase Transactions ✔  Complete Invoices & Bills: Check your system for any draft or pending invoices and bills  and finalise or delete them so tha

The UAE’s Evolution as a Global Business Hub For decades, the United Arab Emirates (UAE) was globally known as a tax-free business hub  with minimal compliance requirements. This reputation attracted entrepreneurs, multinational companies, and investors from across the world. While the UAE no longer operates in a zero-tax environment, it is important to understand that: Tax rates in the UAE remain among the lowest globally The compliance framework is transparent, structured,

Introduction Corporate Tax (CT) is a form of direct taxation levied on the net profits earned by businesses and other entities from their commercial activities. Globally, it may also be referred to as Corporate Income Tax (CIT) or Business Profits Tax, depending on the jurisdiction. For many years, the United Arab Emirates enjoyed a reputation as a corporate tax-free economy. While individual Emirates did issue corporate tax decrees, in practice, taxation was limited almost e