Best Accounting services in UAE , Dubai| Page 15 of 21

IS IT POSSIBLE CONTINUING TO TRADE WHILST THE COMPANY LIQUIDATION?

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Attempting to retain a struggling company viable could result in a negative impact on you and your family’s physical and emotional well-being. However, Company Liquidation is the only alternative for that very same failing company. We can assist in answering a few of your questions for your ease. First and…

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Tax Residency Certificate (TRC) Introduction: Understanding and obtaining a Tax Residency Certificate (TRC) is essential for individuals and businesses operating in Dubai and the United Arab Emirates. At Nadeem and Umendra Chartered Accountants, we provide expert guidance and services to assist you in securing your TRC, ensuring that you meet…

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The UAE Maintains two main Sanction List of sanctioned individuals and Entities: The UAE Terrorist List- Issued by the UAE Federal Cabinet. The UN Consolidated List – Issued by UN Security Council. What is a Sanction List? Sanctions List flags certain individuals, entities, and countries to fight against financial crime.…

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Are you planning to invest in a company? Nufca’s Due Diligence team can help you evaluate firms in Dubai and other parts of the UAE to make informed decisions about such acquisitions. The evaluation of an organization’s financial performance is known as diligence assurance. It enables entrepreneurs to thoroughly understand…

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FTA has issued Economic Substance Regulations Appeal user-guide in August 2021. The new guide assists t Licensees in submitting an appeal request to the Federal Tax Authority (National Assessment Authority) related to Administrative Penalties levied concerning Economic Substance Regulations. The key takeaways from the User Guide: What is the appeal?…

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The UAE introduced a VAT system on 1 January 2018, and the economy has streamlined a lot in the last three years. In the fourth year, we have seen UAE taking various measures in strengthening its Tax ecosystem, wherein FTA has been seen taking the prime role. Want to know…

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A foreign company that conducts business in the United Arab Emirates is eligible for VAT (Value Added Tax). According to the Federal Tax Authority’s regulations and norms (FTA), the rule improves business profitability with the United Arab Emirates. All registered companies must file a VAT return during the tax period detailing…

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Revised Tax Penalties for various defaults under UAE VAT Law and amendments in Executive Regulations 24/07/2021 10 Mins read The Federal Tax Authority (FTA) has revised penalties by issuing Decision No. 49/2021 (New Resolution), amending provisions of Cabinet Decision No. 40/2017 (Old Decision) regulating tax penalties imposed for the violation…

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