These tax preparation suggestions can help you regain control over your money. Even if you own a tiny business, it’s never too early to start thinking about taxes and other financial obligations. Employees, on the other hand, have few alternatives…
Corporate taxes are now levied on all enterprises in the United Arab Emirates, and they are effective immediately. However, officials in the United Arab Emirates have stressed that there would be no VAT levied upon individual citizens. Firms located within…
Tax procedures in the UAE are regulated by the Federal Law No. 7 of 2017 on Tax Procedures. The Federal Decree-Law No. 28 of 2021 on the Amendment of Some Provisions of the Federal Law No. 7 of 2017 on…
Reconsideration Request Service is now available on the e-services portal starting from November 19, 2021 For all Registrants, Beginning from November 19, 2021, the reconsideration requests service will be available on FTA’s e-services portal instead of the Authority’s website. Kindly…
The Tax Procedures Law (Federal Decree-Law No. 7 of 2017) has been changed by the Federal Decree-Law No. 28 of 2021, which will take effect on November 1, 2021. Various changes have been made as a result of these changes,…
Tax Clarifications Request by FTA In response to a question from the applicant regarding the tax treatment of specific transactions, the Federal Tax Authority produces a Clarification, which is an official document that has been signed and stamped by the…
Excise Tax Registration Services: An integral part of running any business is ensuring that you maintain compliance with regards to taxation. Since taxation laws undergo frequent changes and revisions, it might be a little difficult to keep up all the…
Money controls the entire planet. In the meantime, the global economy is expanding quickly nowadays. In addition, corporations and individuals from all over the world began establishing businesses in Dubai, the global financial hub. Accounting is a term that frequently…
There are two new directives, first for the fast reaction mechanism aimed towards preventing VAT fraud. Second one is for the optional and temporary application of the reverse charge mechanism in relation to supplies of certain goods and services. Quick Reaction…