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UAE Corporate Tax | UAE set to impose 9% Corporate Tax in 2023

UAE set to impose 9% Corporate Tax in 2023

UAE set to impose 9% Corporate Tax in 2023. UAE Corporate Tax will apply on taxable income above AED 375K. UAE corporate tax will be the lowest in the world. Implementation of Corporate Tax in UAE The proposed model, which is due to take effect from next year, will apply to all economic activity in Read more about UAE set to impose 9% Corporate Tax in 2023[…]

Financial Audit for Trakhees | SAB Auditing

Financial Audit for Trakhees

Financial Audit for Trakhees Financial audit for Trakhees is required by all the businesses under the license of Trakhees authority for license renewal. Following are the zones which comes under the jurisdiction of Trakhees: Nakheel Limitless Dubai Maritime City All the businesses registered in the above mentioned zones must submit a financial audit report to Read more about Financial Audit for Trakhees[…]

VAT Refund Scheme For Expo 2020 Participants

VAT Refund Scheme For Expo 2020 Participants

VAT Refund Scheme For Expo 2020 Participants has been introduced by FTA. Participants in Expo 2020 can claim VAT refund incurred on expenses. The Federal Tax Authority (“FTA”) has issued Cabinet Decision no. 1 of 2020 (“Cabinet Decision”) on the Refund of VAT on Goods and Services for countries and organizations participating in Expo 2020 Read more about VAT Refund Scheme For Expo 2020 Participants[…]

How to submit VAT reconsideration form in UAE

How to submit VAT reconsideration form in UAE?

VAT Reconsideration Form in UAE VAT reconsideration form has been introduced by the Federal Tax Authority (FTA) in order to review the tax penalty appeals made by the taxable businesses or individuals.  Businesses in UAE must follow the rules and regulations of FTA in order to avoid VAT and excise tax fines and penalties.  Any Read more about How to submit VAT reconsideration form in UAE?[…]

VAT Fines Reduction and Discount | Amendment in VAT fines and Penalties

VAT Fines Reduction and Discount

FTA has made an amendment in VAT fines and penalties. SAB will assist you to get VAT fines Reduction and discounts by ensuring VAT compliance. Cabinet Decision No. 49 of 2021 amended some of the administrative penalties applicable to certain violations and allows for a redetermination of some of the penalties already imposed.  Businesses in Read more about VAT Fines Reduction and Discount[…]

UAE-reduces-penalties-on-VAT-excise-tax

COVID-19: UAE reduces VAT and Excise Tax Penalties

UAE reduces VAT and Excise Tax Penalties to encourage taxpayers to reassess their past VAT returns, rectify the errors, and come out clean in the eyes of law.  VAT fines and penalties relief To discourage delay in payment of taxes, the UAE Government had earlier kept severe penalties ranging from 6 percent of the unpaid Read more about COVID-19: UAE reduces VAT and Excise Tax Penalties[…]

Benefits of outsourced accounting services in Dubai

Benefits of Outsourced Accounting Services in Dubai

The benefits of Outsourced Accounting Services in Dubai are enormous. Most of the businesses in the UAE are hiring accounting companies to handle their accounts and books. There are many sound reasons behind outsourcing accounting services in Dubai. Why businesses should outsource accounting services? Small and medium-sized companies especially the start-up companies in UAE cannot Read more about Benefits of Outsourced Accounting Services in Dubai[…]

VAT for Foreign Companies selling through Amazon in UAE

VAT for foreign companies selling through amazon in UAE is mandatory. Businesses that are outside UAE and wish to sell in UAE through online platforms like Amazon or Noon, they must register their companies in FTA and get the tax registration number before making any sales in UAE.  If you are a non-UAE resident selling Read more about VAT for Foreign Companies selling through Amazon in UAE[…]

VAT Registration Services in Dubai, UAE | Tax Registration Number (TRN) | SAB Auditing

VAT Registration Services in Dubai, UAE

VAT Registration Services SAB Auditing is offering VAT registration services in Dubai, UAE to get the Tax Registration Number (TRN) for your company in UAE. It is compulsory for all the companies and individuals having annual turnover of DH 375,000 or more to register for VAT in the United Arab Emirates. The UAE government implemented Read more about VAT Registration Services in Dubai, UAE[…]

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