Dealers in Precious Metals and Stones
Dealers in Precious Metals and Stones in UAE must undertake the following procedures under the AML Regulations effective 12 June 2021: Ministry of Education go-Anti-Money LaunderingDownload
Tax Group User Guide
Tax Group A tax group, often called a VAT (Value Added Tax) group or tax consolidation group, allows related companies to act as a single entity for VAT purposes in some tax systems. Consequently, this arrangement simplifies the VAT compliance process and, moreover, eliminates certain tax-related transactions within the group. Here are key points related …
Tax registration number linking with Customs Registration Number
Tax Registration Number Linking with Customs Registration Number (TRN-CRN Linkage) The Federal Tax Authority has provided two options to link the Tax Registration Option 1 Update your customs registration number on your registration profile with the Federal Tax Authority (FTA) by logging onto the FTA’s e-Services portal. Multiple customs registration numbers can be providedby selecting …
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DMCC Approved Auditors Rules
Term Definition ApprovedAuditors Advisory Panel the advisory panel constituted and maintained by DMCCA to oversee and effect implementation of these Rules. Approval Criteria the approval criteria for an Approved Auditor set out in Chapter 2 of the Approved Auditor Guidance Note. Approval Process the approval process for an Approved Auditor set out in Chapter 2 …
List of Charities that may recover input tax
Source: https://www.tax.gov.ae/en/ Charities in the UAE Charities in the United Arab Emirates (UAE) play a significant role in contributing to various social causes and community development. The UAE government and local authorities have established frameworks to regulate charitable activities and ensure transparency. Here are key points related to charities in the UAE: 1. Regulation and …
Blockchain
What is blockchain? Blockchain is a decentralized, distributed ledger technology that allows for the secure and transparent recording of transactions. It is a digital database that is used to store and record transactions that are made using cryptocurrencies, such as Bitcoin. In a blockchain, each transaction is recorded as a “block” and added to the …
VAT Deregistration
VAT Deregistration: Value-added tax (VAT) is a consumption tax that is levied on goods and services in many countries. VAT is typically collected by the seller at the time of sale and remitted to the government. If you are registered for VAT, you are required to charge VAT on your taxable supplies of goods and …
Corporate Tax Consulting
Corporate Tax Consulting in UAE Welcome to BHMJ Associates: Your Trusted Partner for Corporate Tax Consulting Navigating the complex landscape of corporate tax regulations in the United Arab Emirates (UAE) requires expert guidance and comprehensive strategies. At BHMJ Associates, we specialize in providing top-tier Corporate Tax Consulting in UAE. Our dedicated team of tax professionals …
Excise Registration
We provide excise registration services Steps to register in Excise Department 1. Signup for an e-Services account through the FTA’s website and activate it 2. Access the e-Services account dashboard 3. Click on “Add New Taxable Person”. 4. Click on “Register for Excise Tax”. 5. Complete the registration process What is Excise Tax? Excise Tax …
Excise Tax
Excise Tax Excise tax is a type of indirect tax that is typically levied on specific goods or activities rather than on income or property. Unlike value-added tax (VAT), which is a broad-based tax on consumption, excise taxes are often targeted at specific products or services deemed to have social or economic implications. Here are …