Jitendra Chartered Accountants Blog

Condition for Applying for Excise Tax administrative Exception in the UAE

Conditions for Applying for Excise Tax Administrative Exception in the UAE

January 9, 2021

Businesses that are registered for excise tax in the UAE can apply for tax administrative exceptions requesting alternative supporting evidence to confirm the export of excise goods from the UAE.…

Top Measures Adopted by the UAE to Strengthen Anti-Money Laundering Standards

January 2, 2021

Anti-Money Laundering (AML)

In November 2020, nine companies and nine individuals in the UAE were imposed hefty fines and were sentenced to jail terms in an AED 306 million money laundering case. The…

Digital Tax Stamps a Must in UAE_ Businesses must to Comply

Digital Tax Stamp: Businesses Must Comply with New Excise Tax Norm

January 2, 2021

Tax/VAT

In a big boost to the excise tax regime in the UAE, the Federal Tax Authority (FTA) has clarified that it won’t allow the sale of tobacco products without Digital…

Key Accounting Strategies to Consider when Creating a Budget for 2021

Key Accounting Strategies to Consider While Creating Budget for 2021

December 26, 2020

Accounting & Bookkeeping

An eventful year is coming to an end, and the corporate sector is planning its spending for the year ahead. Preparing the corporate budget at the end of the year…

Filing ESR in the UAE: The Need to Clear the Air on Ambiguities

December 24, 2020

Economic Substance Regulation (ESR)

Christmas is around the corner, but many companies in the UAE are busy preparing for ESR notifications and reports before the January 31 2021 deadline. The amendment to the previous…

An Essential Guide to Documents Required for a Successful audit in Dubai

An Essential Guide to the Documents Required for a Successful Audit in Dubai

December 19, 2020

Auditing

Before an audit process, businesses need to properly organise their documents in compliance with accepted standards. As a business owner, you are required to answer the questions posed by the…

A Guide to Excise Tax Reporting Requirements in the UAE Designated Zones

December 19, 2020

Tax/VAT

Warehouse operators in designated zones in the UAE are required to comply with a new set of reporting requirements introduced by the Federal Tax Authority (FTA). Warehouse keepers of one…

ESR Portal is live now - are you prepared

ESR Portal is Live: What UAE Businesses Should Have to do Now?

December 12, 2020

Auditing

Businesses in the UAE are now in the last sprint of ESR submissions as the Ministry of Finance (MOF) Portal is lived since 1st December 2020. And the deadline for…

FTA Clarifies VAT Obligations of Real Estate Management Entities in Dubai

December 12, 2020

Tax/VAT

In a significant update on VAT in the UAE, the Federal Tax Authority (FTA) has issued a public clarification on the VAT obligations of Real Estate Management Entities, which has…

Determining Single Composite & Multiple Supplies is Vital in Dealing with VAT in the UAE

December 5, 2020

Tax/VAT

Taxable persons in the UAE need to be wary of supplies of goods & services composed of multiple elements combined in a single transaction. When such supplies occur, the taxpayers…

Jitendra Chartered Accountants Blog

Conditions for Applying for Excise Tax Administrative Exception in the UAE

Top Measures Adopted by the UAE to Strengthen Anti-Money Laundering Standards

Digital Tax Stamp: Businesses Must Comply with New Excise Tax Norm

Key Accounting Strategies to Consider While Creating Budget for 2021

Filing ESR in the UAE: The Need to Clear the Air on Ambiguities

An Essential Guide to the Documents Required for a Successful Audit in Dubai

A Guide to Excise Tax Reporting Requirements in the UAE Designated Zones

ESR Portal is Live: What UAE Businesses Should Have to do Now?

FTA Clarifies VAT Obligations of Real Estate Management Entities in Dubai

Determining Single Composite & Multiple Supplies is Vital in Dealing with VAT in the UAE

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