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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Filing your Tax/VAT Return in UAE

VAT/TAX Returns Filing in Dubai & Abu Dhabi, UAE

As per recent finding, this has been revealed that many tax registered companies and individuals are in the impression that they do not have to file their VAT return to the authorities or if they have already filled their tax return, then they do not have to pay their tax liabilities to the FEDERAL TAX AUTHORITIES as this is going to be waived off.

There is no such rules and a definite penalty will be imposed automatically in both above mentioned cases. Hence, this is strongly advices for not to take such assumption into consideration and be advice that make your submission on and before the deadline. As per VAT registered business or individual, this is your obligation to do the submission and pay the liability on and before time. Should you have any query and difficulty in Filing your tax return, please contact us on 055 971 6033 as we are the dedicated certified tax consultant in UAE and GCC.

filing tax return in uae