Author:

Firoz Babu

CEO Flyingcolour® Tax

Firoz Babu is the Chief Executive Officer of Flyingcolour® Accounting & Tax Consultants. As an FTA Approved Tax Agent, he brings over a decade of deep expertise in UAE Corporate Tax, VAT, Excise Tax, accounting, and strict regulatory compliance.

With a strong footprint in both regional and international tax advisory, Firoz plays a pivotal role in guiding local enterprises and multinational corporations through complex financial landscapes. His expertise extends far beyond standard compliance; he specializes in strategic business structuring and corporate restructuring, helping inbound investors establish tax-efficient operations and enabling existing businesses to optimize their corporate frameworks under the UAE’s evolving regulations.

A trusted advisor for global businesses, Firoz is highly sought after for his specialized knowledge in cross-border tax planning, transfer pricing, and international double taxation treaties. His work focuses on maximizing financial efficiency for foreign entities expanding into the Gulf, as well as providing meticulous corporate tax filing, VAT advisory, and proactive penalty management.

Through his strategic leadership, Flyingcolour® Accounting & Tax Consultants has become a premier destination for entrepreneurs, SMEs, and global conglomerates seeking elite financial guidance. Firoz remains dedicated to simplifying complex fiscal policies, minimizing tax liabilities, and empowering international and local clients alike to operate with complete compliance and confidence.

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UAE FTA Decision No. 4 of 2026: Accounting Records Rules

Firoz Babu Updated Aug 29, 2026

UAE FTA Decision No. 4 of 2026: New Rules for Maintaining Accounting Records and Commercial Books The Federal Tax Authority (FTA) has …

UAE Tourist VAT Refund Scheme Updated in 2026

Firoz Babu Updated Aug 26, 2026

UAE Tourist VAT Refund Scheme Updated in 2026: Everything Tourists and Retailers Need to Know Are you travelling to the UAE for …

How to Calculate Corporate Tax in Dubai for Small Businesses

Firoz Babu Updated Aug 20, 2026

Calculate Corporate Tax in Dubai for Small Businesses The UAE introduced corporate tax in January 2022 to strengthen its financial system and …

VAT Exemptions in the UAE: A Complete Guide for Indian Businesses

Firoz Babu Updated Aug 18, 2026

Overview What Are VAT Exemptions in the UAE Under the UAE VAT Law, certain supplies are exempt from VAT, Businesses making exempt …

DMCC Audit Deadline 2026: Complete Compliance Guide for UAE Businesses

Firoz Babu Updated Aug 17, 2026

DMCC Audit Deadline 2026 For companies in the Dubai Multi Commodities Centre, the DMCC audit deadline 2026 generally means submitting audited financial …

UAE Corporate Tax Guide for Family Foundations in DIFC

Firoz Babu Updated Aug 12, 2026

Getting to Grips with DIFC Family Foundation Corporate Tax in the UAE The UAE has turned itself into a magnet for entrepreneurs, …

New UAE Tax Penalty Regime 2026: What It Means for UK Investors With a Dubai Company

Firoz Babu Updated Aug 06, 2026

If you're a UK investor running a company out of Dubai, or you've got one on the books through a free zone …

FTA Decision No. 6 of 2026: Free Zone Compliance

Firoz Babu Updated Jul 27, 2026

Federal Tax Authority Decision No. 6 of 2026: New Compliance Requirements for Free Zone Distributors Explained With the introduction of Federal Tax …

UAE Corporate Tax Penalties & Fines 2026: Complete Guide for Every Business

Firoz Babu Updated Jul 20, 2026

UAE Corporation Tax Penalties: A Complete Guide to Penalties, Late Filing Fees and Compliance in 2026 The UAE added corporation tax in …

Auditor Independence in UAE: Importance, 5 Threats & Safeguards (2026)

Firoz Babu Updated Jul 16, 2026

Auditor Independence in UAE: Importance, Threats, Safeguards & Legal Consequences Auditor independence in UAE is a fundamental requirement for ensuring transparency, credibility, …