• Seek an expert advice Seek expert advice, at least for the first 2 returns. Employ a tax accountant or outsource the VAT accounting function to a tax professional. If you want to file yourself or assign the job...
For each Tax period, a taxable person will be required to submit a tax return that contains details regarding the supplies made or received by the taxable person • sales and other outputs• purchases and other inputs The due...
Once you have registered for Value Added Tax in the UAE, you are required to file your VAT return and make related VAT payments. A registered person’s tax liability is simply the difference between the output tax payable for...
• Assess whether the business has carried out any Relevant Activity• Assess the income generated from a Relevant Activity• Assess the adequacy of resources to carry out the Relevant Activities• Hold board meetings in the UAE• Submit the annual...
• Purchase’s goods or materials from a foreign group company and Distribute or sell those goods inside or outside the UAE (even if the goods are directly dispatched to the customer by the foreign group company).A UAE entity is...
The Relevant Activities assessment is what determines whether your business is subject to the Economic Substance Regulations (ESR). The purpose of the Regulations is to ensure that UAE entities undertaking certain activities report actual profits that are commensurate with...
• Assess whether the business has carried out any Relevant Activity• Assess the income generated from a Relevant Activity• Assess the adequacy of resources to carry out the Relevant Activities• Hold board meetings in the UAE• Submit the annual...
Natural persons, Sole proprietorship licenses, or any other business that does not carry out any of the above Relevant Activities. Licensees that carry out a Relevant Activity are required to file an annual notification. And if they earn income...