by Adel Farouk | Jun 27, 2021 | Tax & Compliance
Cabinet Decision No. 49 of 2021 ( Administrative Penalties for Violation of Tax Laws in the UAE) In accordance with Cabinet Decision No 49 of 2021 on Amending some Provisions of Cabinet Decision No. 40 of 2017 on the Administrative Penalties for Violation of Tax Laws...
by Adel Farouk | Apr 26, 2021 | Tax & Compliance
Anti-Money Laundering Registration Deadline Extension The Ministry of Economy (MoE) has extended the deadline for GoAML registration to 30/04/2021. Did you know that registering for GoAML and applying Anti-Money Laundering and Combating the Financing of Terrorism...
by Mansour Sokrab | Jan 5, 2021 | Tax & Compliance
Blog Cabinet Resolution No. 58 of 2020 Regulating Beneficial Owner Procedures In Brief: Cabinet Resolution No. (58) of 2020 regulating Beneficial Owner Procedures (the “Resolution”) came into effect on 24 August 2020 and replaced Cabinet Resolution No. 34 of 2020...
by Mansour Sokrab | Jan 5, 2021 | Tax & Compliance
VAT Registration in UAE Any business which exceeds mandatory or voluntary registration thresholds may be required or may be able to register for VAT. A business must register for VAT if the taxable supplies and imports exceed the mandatory VAT registration in UAE...
by Mansour Sokrab | Jan 5, 2021 | Tax & Compliance
Blog Do suppliers of zero-rated and exempt supplies charge VAT? Suppliers do not charge tax on a zero-rated or exempt supply. Understanding the Zero Rate The zero rate applies to goods and services that are VAT taxable but have a 0% tax rate. These transactions must...
by Mansour Sokrab | Jan 5, 2021 | Tax & Compliance
business setup services in Dubai Why do people like to start a business in Dubai? Starting a business in Dubai should not take you more than a week once you’ve sorted all your legal procedures. But before you start your legal formalities, you need to consider some...
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