Waiver of Penalty by FTA
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Tax Registration Penalty The Federal Tax Authority has announced an initiative to waive the administrative penalty for Late Submission of Corporate Tax Registration Applications within the specified deadline. This initiative is intended…
KSA Withholding Tax Impact on UAE Businesses
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What is Withholding Tax in KSA? Withholding Tax (WHT) in Saudi Arabia (KSA) is a tax deducted at source on payments made to non-resident entities for services, royalties, dividends, or other taxable transactions. The payer…
ESR Compliance Abolished
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Economic Substance Regulations (ESR UAE) Alert! Amendments to/Cancellation of UAE Economic Substance Regulations (ESR UAE) Published in the Official Gazette on 16 September 2024, Cabinet Decision No. 98 of 2024…
How to Link Emaratax with UAEPASS
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FTA recently announced change in FTA login process. Starting September 2024, taxable persons can login to Emaratax Dashboard using only UAEPass authentication process. It involves few steps to complete in given scenarios.…
Tax Registration New Dates to Register (UAECT Registration)
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Article2– Registration of Persons for Corporate Tax Purposes For the purposes of Clause 1 of Article 51 of the Federal Decree-Law No. 47 of 2022 referred to above, any Taxable…
Corporate Tax Registration in UAE
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FTA opened Corporate Tax Registration FTA is now inviting businesses to register for UAE Corporate Tax, the registration is opened for two types of legal persons: Private Companies including an…
Corporate Tax Assessment and Implementation
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Corporate Tax-Assessment and Implementation Time to Assess your business… The Corporate Law has been published by the ministry, it is time for businesses to conduct Tax Assessments, adjust policies and…
Value Added Tax (VAT) in the Kingdom of Bahrain
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VAT was first introduced in the Kingdom on 1 January 2019 with standard rate of 5%. Businesses are liable to comply with VAT laws and regulations. The recommendation is to…
VAT Amendments in UAE
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Amendments in UAE VAT Law Introduction: The UAE government made amendments to in VAT Law (Federal Decree Law no 8 of 2017) through the Federal Decree Law no 18 of…
DDA Audit Compliance
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DDA Registered Businesses must Submit Audited Financial Statements by November 30, 2022 DDA Audit Requirement: All companies registered under Dubai Development Authority (DDA) umbrella are required to submit DDA Audited Financial…
ESR Notification
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ESR Notification due date is June 30th, 2022.Bens Chartered Accountants would like to update its valued clients and partners, ESR Notification in UAE as per Ministry of Finance is due to be…
UAE Corporate Tax (UAECT) Public Consultation Document
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Update- UAE Corporate Tax (UAECT) In continuation of the UAE Corporate Tax alerts, we tried to cover the ministry release of public consultation document in which ministry seek inputs from…
