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 Metal Scrap VAT Reverse Charge: Rules & Compliance

Firoz Babu Updated Oct 22, 2026

UAE VAT Reverse Charge on Metal Scrap: Rules and Compliance Requirements from 14th January 2026 The UAE has introduced specific VAT rules …

India-UAE DTAA: Double Taxation Agreement Guide | Flyingcolour Tax

Firoz Babu Updated Oct 22, 2026

Introduction Many Indians live and work in the United Arab Emirates. Since the UAE has no personal income tax, many people are …

Capital vs Revenue Expenditure: Key Differences & Examples

Firoz Babu Updated Oct 20, 2026

Capital Expenditure vs Revenue Expenditure: Meaning, Examples and Key Differences Understanding the difference between capital expenditure and revenue expenditure is important for …

UAE VAT on Gold: Jewellery, Bullion & Refund Rules

Firoz Babu Updated Oct 20, 2026

VAT on Gold in the UAE: Rates, Jewellery, Investment Gold and Refunds The UAE is a major gold trading destination, and Dubai …

Top Accounting Firms in Dubai for Indian Businesses | Flyingcolour Tax

Firoz Babu Updated Oct 20, 2026

Accounting Firms in Dubai for Indian Businesses Introduction Dubai is a major business hub that attracts investors, entrepreneurs, and professionals from India …

UAE Free Zones and Designated Zones: Tax Rules

Firoz Babu Updated Oct 10, 2026

UAE Free Zones & Designated Zones: Tax Rules Explained In the UAE, there are a large number of free zones that offer …

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 …