How to get a 6 digit reference number for VAT payment ? Is this 6 digit number compulsory for all VAT payment through Emaratax ? Yes it is compulsory when you make payment through Exchange or Bank transfer . It means when you make payment through GIBAN payment method. How to generate 6 digit payment …
How to get a 6 digit reference number OR invoice number for VAT payment ? Read More »
CORPORATE TAX FIXES RATE AT 9% Profit above Dh 375000 from June 1, 2023. #FTA #UAETAX #UAEAUDIT
The Federal Tax Authority (FTA) confirmed its intention to takeoff the EmaraTax platform on 5th December 2022 . and migration to the new platform will start from November 30. New platform will have 100+ features which will be rolled out progressively over the coming few months including EmaraTax application for mobile phones “Once live, taxpayers …
UAE ,The first country with online tax refund for tourists. UAE introduced 5% VAT in 2018 and tourists in the country can claim VAT refunds on the purchase made at the Planet Tax Free outlets on leaving the country. Tourist need to spend a minimum of Dh 250 to claim a VAT refund. The biggest …
What is the minimum or lowest required value for applying for vat registration in the UAE ? In that case you may voluntarily register for VAT. The threshold amount is AED 187500/- subject to the following conditions. Condition 1 If the value of Supplies OR the value imports OR the value taxable expenses incurred in the …
Bank to bank transfer for Federal Tax Authority What is the difference between Bank IBAN Number & GIBAN Number ? A GIBAN is unique IBAN number that is given to every taxable person . It means , This payment method can be used for settling any outstanding VAT and Excise tax amounts payable including tax …
Interest and other income earned by an individual from bank deposits or any savings scheme will not be subject to UAE CT #FTA #UAETAX #VAT #PARTTIME_ACCOUNTING #VATDEREGISTRATION #TAXGROUP #VAT_REGISTRATION #AMENDMENT Call / Test our expert team: Ph : +971 58 506 8840 Email: info@adsauditors.ae
If your customer is not registered for VAT , then in that case what type of TAX INVOICES we will issue ? Yes. We can choose a Simplified tax invoice in that case. What is simplified tax invoice? A Simplified tax invoice has fewer administrative requirements than a standard tax invoice .It can be issued instead …
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If you are a freelancer, who is licensed in the UAE and earning a taxable income in excess of Aed 375,000, you are subject to the UAE corporate law and required to pay the applicable corporate tax UAE CT will generally apply to income earned from activities carried out under a freelance license or permit …
Will the income earned by a freelance professional be subject to UAE Corporate Tax? Read More »
