If you believe your business is eligible for VAT deregistration in UAE, get in touch with Elevate Accounting & Auditing.
VAT Deregistration in UAE: Avoid Penalties by Getting It Right Read More »
Getting hit with a VAT Penalty in Dubai can be costly if not dealt with quickly.
Facing a VAT Penalty in Dubai? Here’s How to File an Appeal Read More »
Since VAT was introduced in the UAE back in January 2018, businesses have had to follow clear rules to stay compliant. But when it comes to VAT audit in UAE, many companies still find themselves caught off guard, often by issues that could have been avoided. At Elevate Accounting & Auditing, we’ve worked closely with
VAT Audit in UAE: A Simple Guide to Getting It Right Read More »
Value Added Tax (VAT) is an important constituent of the United Arab Emirates’ taxation system and it impacts businesses across various sectors. While VAT registration is mandatory for entities meeting specific turnover thresholds, there are circumstances where deregistration becomes necessary or beneficial. Understanding the features of VAT Deregistration Service ensures compliance and optimizes financial operations.
VAT Deregistration Service: When and How to Do It Right Read More »
[vc_row][vc_column][vc_column_text]What is VAT? Value Added Tax (VAT) is a transaction-based indirect tax that plays a pivotal role in the global economic landscape, with more than 180 countries, including the UAE, incorporating it into their tax systems. Understanding the nuances of VAT registration is crucial for businesses operating in the UAE to ensure compliance with tax
Stay ahead of the game with our tax audit tips for businesses in the UAE! Don’t wait for the Federal Tax Authority (FTA) to come knocking – ensure your financial information, accounting records, and VAT returns are accurate and up-to-date. The Federal Tax Authority (FTA) in the UAE conducts tax audits by thoroughly examining a
Staying Compliant: Essential Tips for Surviving a Tax Audit by the FTA in the UAE Read More »
The UAE Federal Tax Authority (FTA) issued a new VAT Guide in March 2023, which provides updated guidance on Input Tax Apportionment methods. The guide replaces the previous version and includes changes in line with the UAE Federal Decree-Law No. 8 of 2017 on VAT and its amendments. The updated guide aims to help taxable
Stay Up-to-Date with the Latest VAT Guide on Input Tax Apportionment Read More »
[vc_row][vc_column][vc_column_text] Money laundering is a global threat that affects everyone, from individuals to businesses and governments. The practice involves disguising the proceeds of crime as legitimate funds, making it difficult for law enforcement agencies to trace and seize them. Anti-money laundering (AML) laws and regulations have been put in place to combat this issue, but
Frequently Asked Questions about Anti-Money Laundering Read More »
[vc_row][vc_column][vc_column_text] With the Federal Tax Authority’s new integrated tax platform EmaraTax going live from 5th December, 2022. Here are the key features of the new UAE EmaraTax platform. Get assistance from UAE Emara Tax Consultants in Dubai to guide you through the new tax portal. [/vc_column_text][/vc_column][/vc_row][vc_row][vc_column][vc_column_text] What does the new EmaraTax Platform offer users? [/vc_column_text][vc_single_image
UAE EmaraTax is now live – New gateway to the future of tax administration Read More »
[vc_row][vc_column][vc_column_text] On 26 September 2022, the President of the UAE, H.H. Sheikh Mohamed Bin Zayed Al Nahyan issued the Federal Decree-Law No.18 2022 amending some provisions of the Federal Decree-Law No. 8 2017 on Value Added Tax (the VAT Law). The amendments will take effect from 1st January 2023. This is the first update to the
FTA ISSUES AMENDMENTS TO THE UAE VAT DECREE-LAW Read More »
