Jitendra Chartered Accountants Blog

VAT On Automotive Sector A List Of Obligations For Car Dealers Service Centres

VAT On Automotive Sector: Major Obligations For Car Dealers, Service Centres

March 5, 2022

Supplies made by businesses in the automotive sector are generally subject to VAT in the UAE. Qualified means of transportation such as buses are designed and used for public transportation…

What Are The Major Objectives Of Audits In The UAE

What Are The Major Objectives Of An External Audit

March 5, 2022

Auditing

Not long-ago businesses in Dubai were free to get the bank facilities without being their books of accounts audited. However, things changed in the 1990s when many investors went burst…

A Comprehensive Guide to Special VAT Refund Schemes in the UAE

February 19, 2022

Tax/VAT

Since the introduction of VAT in the UAE in 2018, the government has introduced various refund schemes for the benefit of specific persons. Eligible persons are allowed to claim a…

Companies Need to Sort Out these Issues before Starting the Audit Process

February 19, 2022

Auditing

In Dubai, an audit can be viewed both as a mandatory requirement for compliance as well as an optional process. For instance, audit report submission is mandatory for Dubai free…

Corporate Tax in UAE: A Guide to Non-Taxable Income & Exempted Entities

February 19, 2022

Corporate Tax

The UAE corporate tax (CT) is set to come into force from June 2023, prompting investors to assess whether or not their businesses would come under its ambit. Carrying out…

A list of Critical Business Expenses that Entrepreneurs fail to Prepare for

February 19, 2022

Accounting & Bookkeeping

It goes without saying that running a business is an expensive affair. Rookie entrepreneurs spend more energy, money and time on launching their businesses. Inexperienced entrepreneurs contemplate more about the…

Corporate Tax in UAE: Should Free Zone Companies be Worried?

February 12, 2022

Corporate Tax

The UAE businesses are required to embrace a new form of direct tax in a country that has been hitherto known as a low-tax jurisdiction. The news about the introduction…

Customer Due Diligence: A Critical Component of AML Compliance in UAE

February 12, 2022

Anti-Money Laundering (AML)

Financial Institutions and DNFBPs in the UAE are required to verify the identity of their customers before establishing a business relationship with them. As part of ensuring AML compliance in…

Tax Invoices in UAE: Key Obligations Businesses Must Know

February 12, 2022

Tax/VAT

As per the UAE VAT Law, a tax invoice is a document made in written or electronic form, which records the occurrence and details of a taxable supply. Article 65 of…

Change in Tax Penalty Amnesty Deadline: A Guide to UAE Tax Registrants

February 5, 2022

Tax/VAT

The Federal Tax Authority (FTA) has extended the grace period for the Tax Penalty Amnesty Scheme to 31st December 2022. The new decision by the FTA has provided much relief…

Jitendra Chartered Accountants Blog

VAT On Automotive Sector: Major Obligations For Car Dealers, Service Centres

What Are The Major Objectives Of An External Audit

A Comprehensive Guide to Special VAT Refund Schemes in the UAE

Companies Need to Sort Out these Issues before Starting the Audit Process

Corporate Tax in UAE: A Guide to Non-Taxable Income & Exempted Entities

A list of Critical Business Expenses that Entrepreneurs fail to Prepare for

Corporate Tax in UAE: Should Free Zone Companies be Worried?

Customer Due Diligence: A Critical Component of AML Compliance in UAE

Tax Invoices in UAE: Key Obligations Businesses Must Know

Change in Tax Penalty Amnesty Deadline: A Guide to UAE Tax Registrants

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