UAE Corporate Tax Rate

 According to the UAE Ministry of Finance release in January2022, Corporate Tax in UAE would apply at a standard rate of 9% with the following tax segmentation and rates: 0% for taxable income up to AED 375,0009% for taxable income exceeding AED 375,000A separate tax rate (not yet set) for major multinationals that fulfill particular conditionsHow is corporate tax calculated in UAE? Corporate tax in UAE is calculated at 9% of the net profit shown in the company’s financial statements after deducting all applicable deductions and excluding the exempted income. Any foreign taxes paid will also be allowed for reduction from the profit shown in the financial statement. The net profit derived after all deductions will be considered as...

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DMCC Approved Auditors 2021

DMCC Approved Auditors 2021 rule aim to register auditors who will ensure the best quality audit services offered to DMCC member companies and provide the assurance that the Audited Financial Statements represent true and accurate financial position.DMCC APPROVED AUDITORS LIST 2021Updated approved auditors list for DMCC 2021: Click hereS.l. number : 155, Account Number : 148497Name: Saif Chartered Accountants, 1106, The Prism, Business Bay DubaiWHY SAIF CHARTERED ACCOUNTANTS?Saif Chartered Accountants is a professional firm of Chartered Accountants, established in Dubai as an auditing and accounting firm approved by DMCC. We have a full-fledged team with professional qualifications and experience in the field of accounting, auditing...

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Economic Substance Requirements In UAE

Economic Substance requirement Regulations issued On 30 April 2019, the UAE Cabinet issued the Cabinet of Ministers Resolution No.31 of 2019 (concerning economic substance regulations in the UAE, “the Regulations”), requiring all in-scope UAE entities (“Relevant Entities”) that carry on certain activities (“Relevant Activities”) to have demonstrable economic substance in the UAE from 30 April 2019. WHO IS SUBJECT TO THE REGULATIONS? The Regulations apply to all UAE onshore and free zone companies that carry on a “Relevant Activity”. It is yet to be confirmed whether the Regulations will also apply to sole proprietorship and branches, but we expect entities incorporated under offshore (free zone) companies regulations that carry...

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SGA World - The global accounting network

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https://www.saifaudit.com/audit-firms-in-Dubai.html

https://www.saifaudit.com/audit-firms-in-Dubai.html...

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How to File VAT Return in UAE

https://www.saifaudit.com/blog/2018/03/20/how-to-file-vat-return-in-uae/ How to File VAT Return in UAE ?.  Under UAE VAT, the first VAT return is due on 28th Feb, 2018, which will be filed by those businesses for whom the monthly VAT return is applicable. The businesses are required to file VAT Return online using the Federal Tax Authority (FTA) portal. The FTA portal is designed to accept the returns only through online mode as offline capabilities to file VAT return through XML, EXCEL or any other utility are currently not available. This implies that the taxpayer is required to manually provide the values of Sales, Purchase, Output VAT, Input and Input VAT etc. in the appropriate boxes of the VAT return form available...

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Zoho Books UAE VAT Accounting Software

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