News headline 1 : : The UAE's Ministry of Finance has listed out a number of entities that are not required to register for Corporate Tax. News headline 2 : : The ministerial decision on the Exception from Tax Registration will apply to government and government-controlled entities, extractive businesses, and non-extractive natural resource businesses. News headline 3 : : Additionally, a non-resident person will not be required to register for Corporate Tax if they earn only UAE-sourced income and do not have a Permanent Establishment in the UAE. News headline 4 : : Meanwhile, federal government, UAE government departments and authorities, and other public institutions, do not require to register under Federal Tax Authority as long as they continue to meet the conditions for tax exemption. News headline 5 : : Federal Tax Authority ramps up its efforts by expanding inspection visits by 104% in six months. News headline 6 : : Dubai Financial Services Authority Introduces Whistleblowing Regime News headline 7 : : Big update on UAE Corporate Tax. News headline 8 : : Regular Auditing and maintaining accounts have a greater contribution towards the successful running of a business. The lack of proper books of accounts and regular auditing often results in the business owners continuing to run the venture with the impression that it is going on profitably, while it might be running in loss. The realization comes late and the resultant damages are often irreplaceable. This is where a pragmatic approach to External Auditing services in UAE becomes inevitable. Every business needs the service of professionally qualified and experienced External Auditors in UAE to look into their accounting activities.

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VAT has been implemented in UAE, KSA & Bahrain

Now this has been one year since the VAT has been implemented in UAS, KSA & Bahrain (since 01-01-2019). Since last two months, Federal Tax Authority is requesting to all business and individuals who are registered for Value Added Tax, to update their latest information. Following is the lists of documents which the Federal Tax Authority is requesting to be updated:

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UAE Federal Tax Authority is emphasising on this and all the above information need to be amended as soon as possible to avoid any on-line filling issues or penalty resulting for not to do submission on time due to this issue.

For more detail kindly go to www. tax.gov.ae or alternatively contact us to on Info@primeservicesdubai.com or call us on +971 55 971 6033 for more precise and customised information which you might needed.

Documents which Federal Tax au update all information’s which was submitted For all businesses which are VAT register and