COVID-19 has already impacted the way the world works. In these unprecedented times, N R Doshi has kept the safety of its employees and their families at the topmost priority. Where there is a fight against time is going on to find a cure for coronavirus, the economy is also trying its best to survive the worst. To keep the…
Cabinet Decree 105 of 2021 issued on 28th December 2021 and will come into effect from 1st March 2022 Particulars Conditions Administrative Penalties Instalments – The request for instalments must be in respect of unsettled penalties only; – The value of penalties subject to instalment should not be less than AED 50,000; – Penalties subject to instalment should not be…
The UAE introduced VAT – A new Framework of Indirect Tax on 1st Jan 2018. VAT matters at times can be tricky owing to their intrinsic nature. That’s where VAT consultants in the UAE come into play. VAT implementation is presumably done with a view to making the UAE economy more globally competitive. It is believed to reduce the dependency…
VAT registration in UAE is basically your business acknowledgment from the government. As a VAT registered supplier of goods and services, you are legally allowed to collect VAT from customers as well as remit the same to the government. Only VAT registered companies can do the following: Impose VAT charges on taxable supplies of goods and services Claim the VAT…
The taxation in UAE is quite peculiar. What if we tell you there is no federal tax regime in The United Arab of Emirates. Sounds like TAX HEAVEN at first. Doesn’t it? Well, hold your horses. Before you let your imagination run wild, read this comprehensive guide that tells you everything about taxation in UAE. The Taxation in UAE –…
An Accurate audit is the cornerstone of your financial credibility. It is a multi-faceted realm and intrinsic in nature. Companies need sound Forensic Audit Services in Dubai to strengthen their compliance with regulations. Being a business owner or somebody who is at the helm of running a company, you should be well aware of the importance of Forensic Audit Services…
The audit is essential. You have to do it and more importantly, you have to do it properly. It is a specialized realm and making the right choice can be sapping. Having qualified auditors is the first step, to begin with. Nevertheless, you need a second-level drill down to finalize the right auditing companies in Dubai. Let’ rewind back some…
The Federal Tax Authority (FTA) has amended the provisions of the Federal Decree-Law No. 7 of 2017 on tax procedure law. The UAE cabinet has introduced the Federal Decree-Law No. 8 of 2021 to facilitate tax dispute resolutions. These changes have already been implemented and is applicable as of 1st November 2021. The new law essentially extends the timeline for…
E-invoicing is a process of converting traditional and paper bills into digital format. You can generate, issue and store an e-invoice for several critical business purposes. The Zakat, Tax and Customs Authority (ZATCA) in The Kingdom of Saudi Arabia (KSA) has rolled out an update that mandates every business to adopt the e-invoice process in two phases. If you are…
Dubai is a business paradise. Thanks to the favorable tax climate, modern infrastructure, strategic location, and government’s business-friendly policies that cater to each segment of entrepreneurs. Be it start-ups, SMEs or MNCs, it has the ideal business climate for everyone, the eco-system in Dubai is inclusive of all businesses irrespective of their size and industry. No wonder why the number…
Your data speaks, but do you listen? Well, most businesses don’t realize the value of insights into business analytics. With technology disruption, data is more accessible than ever. You generate plenty of data out of operations on a daily basis. However, they don’t know how to organize, process, and analyze the data to extract business insights. Businesses also need to…