Tax is a compulsory payment levied by the government on an organisation or individual to raise revenue for public needs. The collected amount is then utilised for various public expenditure programmes. Taxes are essential for every country.  The critical function of tax is to accrue funds for the functioning of government and its multiple types […]

Authorities ensure that citizens comply with the laws and regulations intended to improve the system. They spotlight the companies in UAE for Tax registration. The information drives are being carried out in Dubai by Consultants so that people in the UAE can get a better understanding of rules and regulations involved in the process of tax […]

“The toughest thing to comprehend in the world is the income tax”- Albert Einstein. Taxation is one of the most significant areas that any company has to deal with and thus results out unavoidable. Payment of tax positions as a requirement and so it must be done with care. Unlike the other nations, the United […]

Every business has to deal with taxes at some point in time. There are many complications while dealing with taxes. as the business starts to get traction, it gets more and more profitable which leads to an increase in the size of the company. As the size of the company increases, the management has to […]

For any business, tax time is both demanding and exciting. The business’ yearly tax return offers valuable insights into revenue as well as expenses and annual growth. A tax advisor is an accounting expert who specializes in the complex tax code, and who uses that expertise to help taxpayers reduce their tax burden. In this […]

Taxation plays a huge role in sustaining and developing the economy of a country. This is why the government of a company should take every care of how the taxes are implemented and assessed, what will be the penalties, and about the tax refunds and various other provisions. Keeping this in mind, the cabinet of […]

A company needs to hold a Tax Registration Number in the United Arab Emirates as only a business which has the said TRN will be able to claim for taxes and also will be eligible for a refund. This 15-digit number is also known as a VAT registration number and will be of great help […]

Value Added Tax is a reasonably new addition to the tax situation in the United Arab Emirates. There are many questions regarding VAT in the minds of the businessmen. Many people feel that the implementation of VAT in the UAE is an unnecessary act, but in reality, VAT is a significant tax for the people […]

Every business entity needs to pay a certain amount to the government at the end of the financial year, referred to as “Tax.” Recently, the Government of the United Arab Emirates has implemented the VAT law that applies to the business entities at a rate of 5 percent. Now, this step has been helping the […]

One of the most certain scenarios for a business entity is the tax calculations and payment proceedings on a periodical basis. As per the rules stated by the UAE government, the business entities Must submit VAT/Excise returns either monthly or quarterly. The VAT was introduced effective from 1.1.2018 and it turns out to be a second source […]