VAT RETURN FILING FOR BUSINESSES IN UAE

The first Value Added Tax (VAT) return provided the Federal Tax Authority (FTA) with a pleasant period for filing to ease reporting and regulatory pressure on businesses. All companies must log on to the website of the FTA and verify under their profile the tax period. The first VAT return period was given to some […]
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BOOKKEEPING SERVICES IN UAE

Bookkeeping handles the recording of day-to-day financial transactions and information. Bookkeeping is key component of an accounting system that helps to retain every transaction and information relating to the organization where necessary. There are many ways that accounting and bookkeeping services can help your business; in fact, accounting and bookkeeping is mandatory for every organization […]
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VAT ON ECOMMERCE BUSINESS IN UAE

VAT on e-commerce in the UAE is assessed based on the location of the seller and the receiver. Online sales will be subject to a 5% VAT in UAE. In the field of e-commerce, buying products from an electronic channel, such as a website or a marketplace, is referred to as a supply of goods. […]
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Anti-Money Laundering (AML) Compliance in the UAE

What Is Anti Money Laundering (AML)? Anti-money laundering (AML) applies to rules, legislation, and practices aimed at preventing suspects from passing off improperly acquired funds as lawful earnings. Anti-money laundering legislation can only apply to a small set of transactions and illegal behavior, but their consequences are far-reaching. AML laws, for example, force banks and […]
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HOW TO VERIFY TRN IN UAE?

WHAT IS A TRN NUMBER? The abbreviation TRN stands for Tax Registration Number. The FTA – Federal Tax Authority – assigns TRN numbers to businesses that register for VAT. When a company’s annual VAT taxable products and services reach AED 375,000/-, it is needed to register for obligatory VAT.The TRN Number is a 15-digit (Numeric) […]
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Free Corporate Tax and VAT Consultation

Are you a business owner looking to optimize your tax savings? Understanding corporate tax laws and implementing effective tax planning strategies is essential. Additionally, ensuring compliance with Value Added Tax (VAT) regulations is crucial to avoid penalties and maximize your savings. In this article, we will explore the key aspects of corporate tax laws, strategies for minimizing […]
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How to Register for UAE Corporate Tax in EmaraTax

Introduction: Navigating the intricacies of corporate tax registration is crucial for businesses operating in the UAE. With the implementation of Corporate Tax from June 2023, compliance becomes paramount. In this guide, we break down the process of registering for UAE Corporate Tax through the EmaraTax platform, ensuring that you are well-informed and prepared. Understanding UAE Corporate Tax on EmaraTax: Before embarking on the registration journey, it’s essential to comprehend the fundamentals. Corporate Tax is imposed on a company’s income, with a basic rate of 9% on taxable income exceeding AED 375,000 and 0% on income up to AED 375,000. The
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Corporate Tax Legal Document Update Checklist!

As we approach a significant milestone in UAE’s business landscape with the introduction of Corporate Tax, VATBOX Tax Agency is committed to being your trusted partner in this journey. In this blog post, we will guide you through the key aspects of Corporate Tax registration and the essential amendments required in your legal records through the Emarat Tax Portal. Corporate Tax Registration: A Crucial Transition Starting from the Financial Year commencing on June 1, 2023, the Ministry of Finance (MoF) has implemented the Corporate Tax Law, mandating businesses to adhere to Corporate Tax Regulations within specific time frames. New companies…
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