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Showing posts from January, 2022

Looking for advice on excise tax registration in UAE?

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  excise tax registration in uae https://www.kbame.com/steps-to-register-excise-tax-in-uae/ Do you want to know more about the steps involved in the process of  excise tax registration in UAE . Its always better to get some tips from experts in the relevant field . Because, since these services involve lots of paper works ,and many other steps that involve various submissions and all, you may get confused if its for the first time. Moreover these processes have to be error-free too. So, its always better to get expert advice on these steps. Any of the reputable professionals in this field will guide you through out these steps and make your registration process hassle-free.

KBA Accounting and Bookkeeping Services launches VAT Training in Dubai

Do you want to start a business in the United Arab Emirates? That's fantastic! Since the advent of Value Added Tax (VAT) in 2018, however, some firms have been forced to register for VAT and maintain correct accounting records.    Keeping up with the provisions of VAT legislation might be difficult because they are frequently revised. Fortunately, your accounting team can now thoroughly explore and comprehend the complexities of the VAT landscape in the GCC with relative ease by enrolling in a VAT training given by a competent VAT expert in Dubai.  Here are a few things you should know about VAT training in Dubai with a trained VAT consultant in Dubai to assist you understand how important it is. As the VAT and Excise Tax Registration in ,Dubai UAE   evolve, the firm feels it is critical for businesses to ensure that their business operations are aligned with the indirect tax positions And procedures that have been established. What does VAT training entail?  Despite the fact that

How can you apply for VAT Deregistration in the United Arab Emirates?

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vat deregistration in uae   If a company wants to terminate its VAT registration with the federal government in the United Arab Emirates, they must go through the VAT deregistration process. This is an online process, and individuals or enterprises must be in one of the following scenarios to be eligible for VAT Deregistration in the UAE :- 1.Any company that has stopped making taxable supplies. 2.If the company does not earn or spend AED 187,500 in the first twelve months after registering for VAT with the federal agency, they will be fined. Any firm that did not earn or incur expenses of AED 187,500 in the first twelve months after registering for VAT with FTA can examine and see if they can make that amount in the next thirty days. This is a grace period, and they will have twenty days to finish the VAT registration process after that. In the UAE, the procedure for applying for VAT deregistration is as follows: Companies that are closing down should upload their authority's liq

Who Should Avail Excise Tax Registration In UAE?

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The following groups are required to avail excise tax registration in UAE. They are:- Excise   goods   manufacturers Excise  goods  importers. Excise  goods  stockpiles. Warehouse keepers who are responsible for excise goods The  following  information  should  be  provided at the time of excise tax registration in UAE :- Name  and  other  legal  information  about  the  applicant Contact  Information Information  on  banking Information  on  business  activity  and  associated  topics Details  of  Customs  Registration Declaration Legal  documents  pertaining  to  the  Entity  are  also  required  for  businesses. For  example:   Trade  Permit Certificate  of  Incorporation  Association  Articles Agreement  on  Collaboration Ownership  Certificate Emirates  Identification  Card

Steps in Excise Tax Registration In UAE

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  excise tax registration in uae We can simply classify the steps in excise tax registration in UAE into four. They are:- Step 1- Create an account with e-Services. 1. Create an account by entering credentials such as  username and password. 2. Within 24 hours, verify your email address. 3. Go to your e-Services account and sign in. Step 2-Excise Tax Registration 1. Select Excise Tax Registration from the drop-down menu. 2. Fill in all required fields (indicated with a *). 3. To submit the form, click Submit for Approval once. Step 3-Payment of the Late Registration Penalty 1. Go to the Dashboard tab to see the amount of the "Late Registration Penalty." referred to in the Excise Tax box (where applicable). 2. To make a payment, click the 'Pay' button. Step 4-Modifying an Excise Tax Registration Form that has been accepted 1. To change certain editable fields, click 'Edit.' 2. When you've finished making all of the necessary changes, click 'Submit Chan

Points To Be Noted Before Excise Tax Registration In UAE

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  Who is required for the excise tax registration in UAE? Any individual who engages in the following activities is liable for excise tax registration in UAE : Importing of excise goods into the UAE The manufacture of excise goods for consumption in the United Arab Emirates. In some situations, hoarding of excise items is permitted in the UAE. Releasing of excise goods from a designated zone. Exceptions for excise tax registration in UAE:- A person who does not routinely import excise items is not required to excise tax registration in UAE. They must show that they import excise items no more than once every six months or four times every twenty-four months. Where the value of the excise goods exceeds the duty-free threshold, excise tax will still be required. Excise tax deregistration in UAE If a person who has done excise tax registration in UAE no longer sells excise items, they can ask to be deregistered. For any queries related to excise tax registration in UAE, contact KBA Acco

VAT Training In Dubai

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Do you want to start a business in the United Arab Emirates? That's fantastic! Since the advent of Value Added Tax (VAT) in 2018, however, some firms have been forced to register for VAT and maintain correct accounting records.    Keeping up with the provisions of VAT legislation might be difficult because they are frequently revised. Fortunately, your accounting team can now thoroughly explore and comprehend the complexities of the VAT landscape in the GCC with relative ease by enrolling in a VAT training given by a competent VAT consultant in Dubai .     Here are a few things you should know about VAT training in Dubai with a trained VAT expert in Dubai to assist you understand how important it is. As the VAT and Excise Tax Registration in UAE  evolve, the firm feels it is critical for businesses to ensure that their business operations are aligned with the indirect tax positions And procedures that have been established. What does VAT training entail?  Despite the fact that the

VAT Audit In UAE-Everything You Need To Know

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   UAE has finished its second year since VAT was presented on the stock of available  labor  and products. This multitude of organizations , as a matter of first importance, are prescribed to get tax collection papers reviewed by tax agents in Dubai, UAE, who will precisely decide their expense consistency and pay their assessments according to the guidelines of the Federal Tax Authority. Around 90% of the VAT registrants pay their expenses in this duty year. Thus there is an immense rush for   VAT audit in UAE   before the finish of the assessment year. Charge year is a year time span covered by government forms, which could be month to month or can likewise be quarterly as determined by FTA during enlistment. So as we are to figure out how to get ready for VAT audit in UAE, we ought to get acquainted with tax assessment phrasing, regardless of whether you are arranging finish work by inside examiners or by any   vat consultants in Dubai . What is VAT/Tax reviewing in Dubai, UAE? Fir

How Do You Submit Your VAT Returns In The UAE?

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At KBA , we make the process of filing VAT Returns in the UAE as simple as possible. Following the Federal Tax Authority's (FTA) rules, we assist taxpayers with everything from online portal operations through final payment and refund requests, all in accordance with UAE law. Businesses that must pay VAT are classified into different groups based on their size. The FTA e-portal is designed to accept exclusively online VAT returns, ensuring complete openness between the customer and the auditor. As a result, the business must manually enter values for Sales, Output VAT, and Input VAT in the corresponding boxes of the FTA e-VAT portal's Return form. This form, dubbed 'VAT 201,' is divided into six sections: 1.Taxable Person Details Net VAT Due 2.VAT Return period 3.VAT on all sales and other outputs. 4.All expenses and other inputs subject to VAT. 5.Authorized Signatory and Declaration 6.Additional reporting obligations The 'VAT Voluntary Disclosure Form 211'

excise tax registration in uae

Since the introduction of VAT in the UAE, any firm that includes excise goods has been required to process. If you are going to start a business and are unsure how to complete Excise Tax Registration in the UAE , you can get assistance from one of the many firms that provide VAT services in Dubai, or you can register online. Many categories are required for registration of excise tax in UAE and its payment . Any reputable VAT consultant in Dubai will be able to provide you with the necessary information. The following are some of these groups, however they are not exhaustive: Importing excise items in the UAE. Excise goods made for consumption in the United Arab Emirates. In some cases, hoarding of excise items is permitted in the UAE. Excise products are released from a designated zone. These are the most prevalent types of businesses that must pay VAT. The Federal Tax Authority has created an online site to help with registration and payment of excise duty. We will offer instructi