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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BSD Prime is one of the best, reputed and certified VAT consultant who provide any kind of VAT consultancy service and assistance in the UAE. Since the announced introduction of Value Added Tax in January 2018, we have helped numerous small and large enterprises based in the UAE by providing them with the necessary financial advice on VAT filling, VAT settlements and non-submission of tax return due to which they are certain fixed and daily penalty imposed by FTA.
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.
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