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UAE VAT Refunds for Foreign Businesses

UAE VAT Refunds for Foreign Businesses

Submitted by • about 6 days ago

www.beyondnumbers.ae - The refund scheme for the calendar year started from March 2020, for any foreign business. The foreign company must assess whether they fall under the criteria. If they do, they can submit an application to the FTA on a claim ...

How Auditing can Add Value to Your Company

How Auditing can Add Value to Your Company

Submitted by • about 1 week ago

www.beyondnumbers.ae - Audits are thorough examinations of all books of accounts of a company and are an integral part of every businessAudits are thorough examinations of all books of accounts of a company and are an integral part of every businessAudits are ...

How Professional Accounting Services Can Help Your Business Survive in COVID-19

How Professional Accounting Services Can Help Your Business Survive in COVID-19

Submitted by • about 1 week ago

www.beyondnumbers.ae - The current pandemic situation spanning across the whole world has affected many businesses, and each and every company is trying to survive. They are finding cost-effective ways in order to pull through this pandemic. A midst the continually changing business ...

VAT Fines and Penalties in UAE

VAT Fines and Penalties in UAE

Submitted by • October 2, 2020

www.beyondnumbers.ae - The FTA (Federal Tax Authority) imposes the VAT fines and penalties in the UAE. All businesses in the UAE must comply with the rules and regulations of the FTA to avoid heavy penalties and VAT fines. All the administrative VAT ...

ESR Return Filling in UAE- Economic Substance Regulations

ESR Return Filling in UAE- Economic Substance Regulations

Submitted by • October 1, 2020

www..beyondnumbers.ae - The Economic Substance Regulation (ESR) has been set forth by the Organization for Economic Cooperation & Development (OECD). The following are the fundamentals: Curbs harmful tax practices To prevent the jurisdiction from being included on the substantial activities by closely tracking the ...

Tax Audit in UAE – Know the Procedure & Prepare yourself

Tax Audit in UAE – Know the Procedure & Prepare yourself

Submitted by • September 29, 2020

www.beyondnumbers.ae - A tax audit is conducted by the Federal Tax Authority (FTA) to examine the tax liability of a business covering the VAT Laws and Excise Tax laws. Under law no.7 of the federal Decree-Law, a registered organization is responsible to ...

Financial Auditing helps you to Improve your Business?

Financial Auditing helps you to Improve your Business?

Submitted by • September 29, 2020

www.beyondnumbers.ae - Analysing or auditing financial statements gives the business a chance to take a closer look at some of their investments, or liabilities. You may get some new ideas to implement in your business, make decisions about handling your various finances, ...

How Balance Sheet is Important for Companies in UAE

How Balance Sheet is Important for Companies in UAE

Submitted by • September 25, 2020

www.beyondnumbers.ae - Balance sheets are integral to every business. The balance sheet is the statement of the financial position of a company at a given point of time. It gives complete information about the assets, liabilities and the net worth of the ...

Importance of VAT in the UAE

Importance of VAT in the UAE

Submitted by • September 23, 2020

www.beyondnumbers.ae - T) is a common indirect tax that is levied by many countries. It is a consumption tax. VAT is levied indiT) is a common indirect tax that is levied by many countries. It is a consumption tax. VAT is levied ...

Annual Financial Statement Preparation In Dubai

Annual Financial Statement Preparation In Dubai

Submitted by • September 22, 2020

www.beyondnumbers.ae - Dubai based LLC (Limited Liability Companies) should prepare their annual financial statements based on International Financial ReportingDubai based LLC (Limited Liability Companies) should prepare their annual financial statements based on International Financial ReportingDubai based LLC (Limited Liability Companies) should prepare ...