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

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 Tax Consulting

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. …

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 Consulting

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 …

VAT Registration

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 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: …

Accounts Reconciliation

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, …

Book-keeping

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 …