The FTA states that the term ‘construction of mosque’ include the following that is incurred before the Mosque became operational:• The actual construction process of the mosque• Furnishing and equipping process of the mosque• Supply of the necessary equipment,...
Once the eligibility criteria are met, the donor can apply for a refund of the VAT incurred on goods and services acquired specifically for the construction of the Mosque. The application must be made through the FTA’s e-Services platform....
The FTA has instructed the taxpayers to keep submitting tax returns and making payments due as usual. The FTA will communicate any important updates regarding tax returns and payments through its social media channels, or email. Tax consultants in...
As per the FTA, the Emara Tax platform will provide online access to 119 tax services in the UAE. This means Emara Tax offers 84 more services than being offered by the existing FTA portal. You can use the...
There are seven ways to identify a related party under the regime of corporate tax in the UAE. The below points will equip you to accurately identify a related party for the purpose of corporate tax compliance in the...
The proposed UAE Corporate Tax will have transfer pricing rules which will ensure that the price of a transaction is not influenced by the relationship between the parties involved in the transaction. In view of this, the UAE will...
Firms scuffling to manage their finances amid serious issues may need the help of accounting companies to get back on track. A business may struggle for several reasons, such as a bad business environment, management problems, an adverse market,...
Accounting is a term that describes the process of summarizing, analyzing, and recording financial transactions in a business. Accounting evaluates the results of an organization’s economic activities. The summary of the financial transactions over an accounting period of a...
The UAE corporate tax regime proposes certain conditions for an investment fund to avail of the exemption from taxation. Corporate tax advisers in Dubai can help you to assess if your business meets those conditions. The conditions are listed...
The proposed UAE Corporate Tax Law will treat the UAE investment funds and foreign investment funds, which are structured as unincorporated partnerships, as fiscally transparent. This is in line with the international tax treatment of such investment funds. It...