Dubai Aviation City Corp. (DACC), being among United Arab Emirates’ regulatory authorities, published a circular regarding the filing of notification for economic substance. All companies that are under its jurisdiction are to comply. As per the new circular which was recently issued, all licensees in DACC have to submit the economic substance notification on or … Read more
There are many different departments and sections in a company that are in charge of handling various duties and responsibilities. Likewise, there are individuals that are responsible for making a record of payrolls. For those who are not familiar with the term payroll; it is the total sum of all reimbursements a business or a … Read more
On October 1, 2017, the UAE Council of Ministers, led by His Highness Shaikh Mohammad Bin Rashid Al Maktoum, Vice-President and Prime Minister of the UAE and the Ruler of Dubai, had announced the official fines and penalties for any violators of tax law. The authority revealed that penalties are ranging from no less than … Read more
Starting March 2020, any foreign business may be able to submit request for VAT refund with FTA in UAE. This is for the calendar year 2019. Any request for VAT refund in UAE must be submit before the set deadline by the FTA. Eligibility of Foreign Businesses for UAE VAT Refund In order for a … Read more
If you do a job anywhere you will be well aware of the fact that every business needs a payroll system so that it can pay the employees that work in that organization on time. This shows how much it is needed in the companies. Online Payroll Services Dubai A lot of companies have started … Read more
Tax registration number or TRN is an exclusive number that is issued to a registered entity by the Federal Tax Authority (FTA). This number will be automatically issued once an entity or individual has completed VAT registration. Mentioning this number will allow the government to keep track of all the transactions which have been made … Read more
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