Has VAT Filing turned into another Accounting formality?
Can VAT Filing be treated as a routine period close formality, or proper disciplines need to be exercised while doing the periodic VAT return filings? Find out here.
Corporate Tax Registration Timelines Specified – Due dates starting from 31 May 2024
Background All Taxable Persons are required to register for Corporate Tax with the Federal Tax Authority (“the FTA”). There is
Introduction of Reverse Charge Mechanism on Supply of Electronic Devices
The UAE Federal Tax Authority has introduced application of Reverse Charge Mechanism on Supply of Electronic Devices meant for the purpose of resell or for further production / manufacturing.
Exploring the Dynamics of UAE Corporate Tax: MCA at Gulf News Event
MCA participated at the UAE Corporate Tax event conducted by Gulf News which was a day-long exploration of the transformative impact of the UAE’s competitive corporate tax rates.
Saudi Arabia announces extension of Tax Amnesty Scheme
Zakat, Tax and Customs Authority (ZATCA) of The Kingdom of Saudi Arabia announced today on 25th July 2023 the extension of Tax Amnesty Scheme to December 31, 2023.
Free Zone Taxability Explained | UAE Corporate Tax
UAE Corporate Tax Law has been released on 9th December 2022. MCA has been releasing insights into the various key
Corporate Tax Registration Explained
Corporate Tax Law Provisions All Taxable Persons are required to register for Corporate Tax with the Federal Tax Authority
Corporate Tax on Individuals Clarified
Ministerial Decision No. 49 of 2023 specifies UAE Corporate Tax on Individuals – the Taxability of a Natural Person’s “Business” or “Business Activities”
Transfer Pricing Documentation Guidelines Released
Ministerial Decision No. 97 of 2023 specifies Transfer Pricing Documentation requirements Corporate Tax Law Provisions Taxable person with related party
Criteria for Audited Financial Statements for Corporate Tax announced
UAE Ministerial Decision No. 82 of 2023 specifies categories of Taxable Persons required to maintain Audited Financial Statements