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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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4 Things to Consider When Hiring an Accountant in Dubai

It’s extremely important for any business owner or general entrepreneur to have a reliable accountant on their side working for their company’s best interests and making sure you see to your fiscal limits and overall potential on a regular basis.

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6 Step Guide for Setting up a New Business in Dubai

If you are thinking of a new business set up in Dubai, the time is indeed ripe, considering the city has been buzzing with latest infrastructures and developments that allow it to be favorable for business owners to venture into a new business. However, before venturing into any kind of business, whether you are a resident of Dubai or looking for offshore company setup, you need to follow a gradual process to set the ball rolling for your business.

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Why It is Important to Outsource Vat Return Services in Dubai

VAT or value added tax is something that every business whose turnover is over AED 375,000 needs to charge nowadays. All the customers are bound to pay VAT along with the actual price of the products or the services that they have bought or taken. Hundreds of service providers and sellers all over Sharjah, Dubai & Ajman are needed to register for VAT and file VAT return statements.

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Important announcement: Bank details are now mandatory for VAT registration in UAE

Recently, FTA has made the bank details and other information mandatory for company’s VAT registration. Below are the list of documents required to do the VAT registration of company.

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Beware of fraudsters: Organisations in UAE doesn't require to disclose their financial information to any person

The Federal Tax Authority (FTA), has requested to all tax registered business for not to disclose their financial data or other information to any person or organisation that is not authorised to do so. Tax authority is emphasising to ignore any message, email or telephone call received by the tax person asking for their registration details.

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Beware of fraudsters: Organisations in UAE doesn't require to disclose their financial information to any person