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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Expert Services for non-filling returns Firms

Expert Services for non-filling returns Firms

medium size business not only in Dubai but across UAE who is facing problems in filling their return in professional and timely manner, facing any kind of VAT related issues or submissions.

There are so many companies in UAE, due to ongoing situation and pandemic, are suffering from particularly non-submission of tax return due to which they are certain fixed and daily penalty imposed by FTA. We are certified VAT consultant here is Dubai UAE to extend hand to resolve such issues.

Any SME’s suffering from the non-submission of VAT return and they are looking for any professional and tailored advice on how to minimise the penalty.

In case of non-submission of tax return, the federal tax authority’s penalties are as follows Failure to submit return on time 1st time AED 1000 and in case of repetition 2000 within 24 months

Failure to settler the Tax amount 2% of unpaid tax immediately (first 7days)

4% of unpaid tax after 7th day

1% every day after one calendar month towards the unsettled amount till it reaches 300%

We have sufficient experience and presence in the Dubai Market to handle such discrepancies and so far we are having the highest success rate in resolving such issues Hence for any query with regards to the non-submission of tax return,

please feel free to contact us on 00971 423 55 682 or 00971 55 971 60 33 – one no missing

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