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 services, and …
Corporate Taxation in the United Arab Emirates was launched FAQ source Source: https://www.mof.gov.ae/en/resourcesAndBudget/Pages/faq.aspx What is Corporate Tax? Corporate Tax is a form of direct tax levied on the net income or profit of corporations and other businesses. Corporate Tax is sometimes also referred to as “Corporate Income Tax” or “Business Profits Tax” in other jurisdictions. …
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 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 …
Value-added tax (VAT) is a consumption tax that is levied on the supply of most goods and services in many countries. If you are registered for VAT, you are required to charge VAT on your taxable supplies of goods and services and you are entitled to claim back any VAT that you have paid on …
VAT Consulting VAT (Value Added Tax) consulting involves seeking advice and guidance from professionals who specialize in navigating the complexities of VAT regulations and compliance. Businesses often turn to VAT consultants to ensure accurate VAT reporting, minimize liabilities, and optimize their overall tax position. Here are key aspects of VAT consulting: 1. Compliance and Regulations: …
What is Accounting? Accounting is the process of recording, classifying, and summarizing financial transactions to provide information that is useful in making business decisions. This information is typically presented in the form of financial statements, such as the balance sheet, income statement, and statement of cash flows. Accounting is an essential part of any organization, …
Bookkeeping Bookkeeping is the process of recording, classifying, and summarizing financial transactions to provide information that is useful in making business decisions. This information is typically presented in the form of financial statements, such as the balance sheet, income statement, and statement of cash flows. Bookkeeping is an essential part of any organization, as it …
What is Accounting? Accounting is the process of recording, classifying, and summarizing financial transactions to provide information that is useful in making business decisions. It involves the systematic recording, reporting, and analysis of a company’s financial transactions, such as sales, purchases, expenses, and liabilities. The primary goal of accounting is to provide financial information that …
Welcome to BHMJ Associates: Your Trusted Partner for Operational Audit Excellence Unlock the full potential of your organization’s operational efficiency and effectiveness with BHMJ Associates’ comprehensive Operational Audit services. Our seasoned team of audit professionals specializes in evaluating your business operations to identify strengths, weaknesses, and opportunities for improvement, helping you optimize performance and achieve …