[vc_row][vc_column][vc_column_text] VAT is an indirect tax on the supply of taxable goods & services in the UAE. Entities registered for VAT will be subject to a VAT audit voluntarily initiated by FTA to ensure that the entity has appropriately complied the law and all the tax liabilities are paid. The main purpose of VAT audit […]
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Accounting Services in Dubai for Real Estate Companies & it’s benefit. In real estate, the success of your firm is strongly related to your ability to focus on the core activities rather than the basic office jobs. Due to the instability of the real estate industry, you must keep up to speed on market developments
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What is the VAT reconsideration application? Often, even after following the FTA’s laws and regulations yet businesses have to face fines and penalties. In these cases, the taxpayer is not convinced by FTA’s decision. As a result, the taxpayer may request a VAT Reconsideration. UAE VAT penalty reconsideration is a procedure that allows a taxable
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Dubai Multi Commodities Centre (DMCC) Established in 2002 by the Dubai government, the goal of DMCC has been providing physical, market, and financial infrastructure in order to establish itself as a worldwide commodity trading center. It allows you to trade precious metals such as gold, diamonds, colored stones, pearls, and a variety of other items.
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VAT refund from UAE In UAE, it is mandatory for every taxable person to file a VAT return to the FTA. The need of applying for a VAT refund UAE arises when the input tax exceeds the output tax on the VAT return. When the taxable person makes the claim on the excess refundable tax,
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The governments of the United Arab Emirates have come up with the initiative to build up a number of free zones where businesses can set up and operate without worrying about being taxed. During the course of operations, these free zones will also provide a number of benefits. The Dubai Multi Commodity Centre is one
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Auditing is the analysis of the financial statement of an organization by an external audit which is necessary for any business being held in DMCC. All DMCC companies must have their annual financial accounts audited by a DMCC approved auditor and should be submitted to the DMCC officials. While doing the audit, the following points
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Elevate is a business consultant in Dubai that has a great clientele base of the company which we have assisted in the DMCC company formation. Our team of experts will guide you in each step for the company formation and ease it for you. Be it the legal work or any type of paperwork, we
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Without a question, the Dubai Expo 2020 is one of the most highly awaited global events of 2021. The event was originally supposed to begin in October 2020, but due to the global pandemic, it was postponed until the end of 2021. It has now started from October 1, 2021, and will last on March
In 2019, UAE launched a new system for long-term residence visas i.e. the Golden Visa. This visa enables foreigners to study, work, and live in UAE without the requirement of the national sponsor. The businessman can conduct their business in mainland UAE with 100 percent sponsorship. The visa is issued for 5 to 10 years
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