Transferring wrongly paid amounts : A letter of no objection signed by the authorised signatory who received the amount paid by mistake, on the company letterhead, with the following …
100% foreign ownership in UAE : As per the new commercial companies law that will come into effect from June 1, 2021, investors can have 100% ownership. UAE allows …
Executive Regulation for Tax Procedures - Keeping Accounting Records and Commercial Books, Tax Obligations, Voluntary Disclosure etc
UAE tax penalties reduced and discounts. UAE Cabinet of Ministers issued Decision No. 49/2021 on April 28, 2021. Late payment penalties reduced from 1% per day to 4% per …
Automotive sector VAT : The Federal Tax Authority has published an update applicable to business in the automotive sector such as New car dealers, Used car dealers and Servicing …
VAT Refund for Business Visitors : A foreign business may be entitled to enjoy VAT Refunds of tax paid in certain instances. Process of claiming back the VAT paid …
UAE VAT-Bad Debt Relief : Where a VAT registered supplier supplies goods or services to its customers but is not paid (wholly or partially) within a specified period, such …
DMCC Approved Auditors 2021: DMCC member companies must submit their Audited Financial Statements through a Approved auditors (updated 2021)
Oman VAT Registration Start : The Sultanate of Oman Tax Authority has announced the commencement of VAT registration from 1st February 2021 until 15th March 2021.
If your Tax Registration Number (“TRN”) is not updated at the Customs Department, you have the following three options: Option 1: Update your customs registration number on your profile …
Recent Comments