Commercial Property Commercial property transactions Overview of the steps required to complete VAT payment It is completed in two steps 1. Create an e-services account 2. Complete your VAT Payment Above 👆is the latest updated step-by-step process of settling VAT Payment Online on Commercial Property Transactions by Buyers or Sellers in UAE. Now either the …
Amendment of Tax Penalties as on 29.05.2021 TAXP001Download Redetermination of Penalties TAXP002Download Cabinet Decision No.49 of 2021 49/2021: to provide an extended timeframe for registrants to settle the outstanding payable taxes along with the 30% of administrative penalties up until 31 December 2022. Cabinet Decision No 49 of 2021Download Executive regulation for tax procedures Executive Regulation …
Please ensure to submit the Ultimate Beneficial Owner Declarations for your companies in UAE to your respective Licensing Authorities before the due date of 30 June 2021 or such an earlier date as prescribed by your respective licensing authority. Should you require our assistance in filing the UBO declaration for your Company, please feel free …
Department of Economic Development The Department of Economic Development (DED) in the United Arab Emirates (UAE) is a government agency responsible for regulating and supporting economic activities within the country. Each emirate in the UAE has its own Department of Economic Development, and these departments work at both the federal and emirate levels. Here are …
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 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 (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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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 …
In April 2020, the international Financial Action Task Force (FATF) issued a Mutual Evaluation Report (MER) on the UAE’s AML/CFT measures. The assessment was conducted in 2019. The MER analyzed the UAE’s compliance with FATF 40 recommendations. It also analyzed the effectiveness of the UAE’s AML/CFT system. Thereby, providing recommendations on strengthening the system. It …
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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 …