Offshore Companies and Taxes in UAE
Yes, offshore companies in the UAE are now subject to Corporate Tax (CT). Previously, there was a common misconception that offshore companies were exempt from UAE taxes. However, this is no longer the case. Key points: * Corporate Tax Registration: All offshore companies operating in the UAE must register for Corporate Tax, regardless of their […]
VI A Deductions
Severe (>80%) 1,25,000 80EE : 50,000 , cost of property 50,00,000 and loan maximum 35,00,000 2019 EEA: 1.5L + stamp duty Maximum 60,000 / form 10BA to be filed
Restrictions on Cash Transactions
TDS on Cash Withdrawals
GST Council Eases Taxpayer Compliance Burden
Major Rate Changes Goods/Service Revised Rate All Milk Cans 12% Cartons, Boxes, Cases of Paper/Paper board […]
E-commerce Sellers Count on Cash-Flow Gains from GST Cut
Sellers operating across E-commerce platforms expect to see cashflow benefits from a recommended reduction in tax collected at source (TCS) made by the GST Council due to the cumbersome nature of filing returns, the tax credits that are incurred through TCS often end up sitting with the Government for a long period of time without […]
Expected Outcomes of GST Council Meeting
June 2024
Document list for Business ITR
Documents needed for filing a Business ITR:-
UAE CORPORATE TAX REGISTRATION DEADLINE
irrespective of the year (Any Year)
Form DPT- 3 (MCA)
DPT-3 is a return of deposits that companies must file to furnish information about deposits and/or outstanding receipt of loan or money other than deposits. It is due on 30th June. Who is exempt from filing the return? Every company except a government company must file this return. Additionally, the following companies are also exempt: […]
ITR – INDIVIDUALS
ITR due by July 31st Documents required for Income Tax Return Filing.