economic substance notification rakez

ESR RAKEZ Notification Due Date is Declared  Economic Substance Notification (ESR Notification) due date is declared for one more Regulatory also. Ras Al Khaimah Economic Zone (RAKEZ) issued Circular on the due date to file the Economic Substance Notification (ESR Notification) and Compliance with the Economic Substance Regulations in UAE (ESR UAE). The Economic Substance…

foreign branch company in uae

How to Start a Foreign Company Branch As far as the Gulf region is considered, UAE is the place where you can form the company in a very easy manner. The procedure or the steps to form the company in any Emirates in UAE are very simple and straight forward. Mainly in the UAE, there…

profit margin scheme under vat in uae

Profit Margin Scheme Under VAT in UAE Under UAE VAT law, normally VAT is calculated on the sales value. As an exception to that, the Federal Tax Authority (FTA) in the UAE has given an option to the Taxable person to pay VAT on the profit margin earned on the taxable supplies made which is…

tax consultants in uae

Tax Consultant in UAE   The United Arab Emirates (UAE) has entered into a world of Taxes with Excise Tax being introduced from 1st October 2017 and Value Added Tax (VAT) has been applicable from 1st January 2018. The introduction of taxes in the UAE is part of a GCC-framework to broaden horizons economically and discover other revenue-generating measures…

vat treatment on supply of building in the uae

VAT on Real Estate In The UAE | Latest Update On VAT Treatment On Supplies Of Building & Subsequent Change In Use By The Buyer In The UAE The UAE Federal Tax Authority (FTA) has released a public clarification on 27th April 2020 with regard to VAT on Real Estate in the UAE  vide Number…

extend UAE VAT return due date

Extension of VAT Return Due Date By FTA In The UAE Extension of VAT Return due date is the latest update that came from the Federal Tax Authority, on 21st April 2020. Taxpayers in the UAE were eagerly waiting not only for the extension of the VAT Return due date but also an extension of…

tax agent in the UAE

Tax Agent in the UAE – Seamless VAT Assistance?  Hiring a Tax Agent in the UAE will be essential for the businesses to receive proper guidance in relation to VAT in UAE and other VAT-related procedures or matters. A Tax Agent in the UAE is an approved person who will be responsible to provide proper…

economic substance regulation in caymans island

  Do you know that the due date for Annual Return related to Economic Substance in Cayman Island is extended? Yes, the Annual Return related to Economic Substance in Cayman Island is extended. As per the initial guidelines issued by the Authority, the Annual Return has to be reported to the authority by 31st March…

VAT Refund in UAE

VAT Refund in UAE for New Residences Let us see if VAT Refund in UAE is applicable to Mr. Tarek, a UAE National, who is constructing a new home in Dubai. He has a detailed plan for the residence and has appointed multiple contractors to perform their roles. Most of the contractors appointed by Mr….

reverse charge mechanism under uae vat law

Reverse Charge Mechanism (RCM) under UAE VAT Law is one of the tax treatments applicable to import on concerned goods and concerned services. In Reverse Charge Mechanism (RCM) under UAE VAT Law, the supplier does not charge VAT to the customer, instead, the buyer or end customer pays the tax directly to the government authority….

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