UAE Accounting & Tax Glossary

Sales Pipeline

A sales pipeline is a visual representation of the various stages of the sales process, from initial contact with a potential customer to the final sale.

S Corporation (S Corp)

An S corporation, also known as an S corp, is a type of business entity that is recognized under United States federal income tax law.

Serviceable Available Market (SAM)

Serviceable available market (SAM) is a term used in business and marketing to refer to the portion of a market that is able and willing to purchase a company's products or services.

Serviceable Obtainable Market (SOM)

Serviceable obtainable market (SOM) is a term used in business and marketing to refer to the portion of a market that is both willing and able to purchase a company's products or services.

Simple Agreement for Future Equity (SAFE)

A simple agreement for future equity (SAFE) is a type of investment agreement that is commonly used in the startup ecosystem.

Sole proprietorship

A sole proprietorship is a type of business that is owned and operated by a single individual.

Special Purpose Vehicle (SPV)

A special purpose vehicle (SPV) is a legal entity that is created for a specific purpose or project.

Statutory Audit

A legally required independent examination of a company's financial records, resulting in an auditor's report issued to shareholders and authorities.

Stock management

Stock management, also known as inventory management, is the process of overseeing the flow of goods in and out of a business's inventory.

Taxable Person

Any individual or entity subject to UAE corporate tax — including UAE companies, foreign entities with a UAE permanent establishment, and individuals conducting business.

Tax deduction

A tax deduction is an expense that a taxpayer is allowed to subtract from their taxable income when calculating their tax liability.

Tax Group

A provision allowing two or more UAE resident entities — wholly owned by a common parent — to be treated as a single taxable person for corporate tax.

Finances Glossary

Glossary