Introduction This guide provides comprehensive information on UAE VAT return filing, including the process, requirements, and key points to consider. UAE VAT return filing is a crucial aspect of complying with the tax regulations in the United Arab Emirates. What is VAT Returns Means VAT returns refer to the periodic filing of tax returns by […]
Introduction VAT registration in the UAE is a mandatory process for businesses that meet the threshold set by the Federal Tax Authority (FTA). This process ensures that businesses comply with the taxation laws and regulations in the country. VAT registration involves obtaining a Tax Registration Number (TRN) from the FTA, and it is a crucial […]
Introduction: Navigating the intricate landscape of VAT penalties and waivers is essential for businesses operating in the UAE. At Canzaps Middle East, we understand the importance of compliance with VAT regulations and offer comprehensive guidance to help businesses mitigate potential financial risks. Here’s a detailed guide to mastering VAT penalties and waivers in the UAE: […]
The UAE Ministry of Finance has issued Ministerial Decision No. (105) of 2023, which clarifies the conditions under which a person may continue or cease to be deemed an exempt person for Corporate Tax purposes. This decision aims to ensure transparency and efficiency in the tax system while promoting business growth in the UAE. Under […]
The UAE Ministry of Finance has announced the issuance of UAE Cabinet Decision No. (49) of 2023, which focuses on the treatment of resident and non-resident individuals involved in business activities for the purpose of the Corporate Tax Law. The decision aims to maintain a clear and competitive tax framework for both local and foreign […]
The UAE Ministry of Finance has introduced new transfer pricing documentation requirements to enhance transparency and fairness in the tax system. These regulations, outlined in Ministerial Decision No (97) of 2023, aim to ensure that transactions between related parties and connected persons are conducted on an arm’s length basis. Key Requirements and Objectives: The decision […]
