Federal Tax Authority (FTA) in UAE has today announced One Month Extension of Time-Line for submission of VAT Returns and VAT Payments for all Tax Registrants in UAE whose VAT Returns and VAT Payments for the period ending 31st March 2020 were due on 28th April 2020. It was anticipated that FTA would be extending…
ESR Compliances- A Must Do: Compliance with Economic Substance Regulations (ESR) which were implemented in UAE for financial years commencing 1st January 2019 and afterwards is now a reality knocking at our doors and ESR compliances are a ‘Must Do’ for Businesses in UAE, amidst the challenging times of COVID19. Latest Updates on ESR Compliance…
SKYPE Calls & Google Hangouts are now available to use – So call your friends and family members or relatives and be in touch. Communicate more. Besides cleaning your hands, check & clean up your past emails, your computers, phones and use the time to organize. That business plan or idea you wanted to do…
Coronavirus has taught us one important lesson – i.e. Need to have diversified sources of income. Diversify your income – Start your own company in UAE while you are still employed. Is it possible in UAE ? Yes its possible. ✔️ SETUP YOUR OWN COMPANY ✔️ HASSEL FREE MANNER✔️ SITTING AT HOME ✔️ DO BUSINESS…
Amidst all the expectations of a lot of businesses in UAE that the VAT introduction in UAE is going to be postponed, the air of confusion around this now has been completely cleared by the Federal Tax Authority (FTA) by having released the VAT Decree Law (Federal Law No.7 of 2017 on Tax Procedures) as…
The million dollar question, which everyone in UAE has been pondering over for past few months, since the VAT Law of UAE has been released is : Are Free Zone Companies in UAE required to do VAT Registration ? With the Federal Tax Authority (FTA) of UAE having now released the executive regulations of the…
Millennial! Another of those media driven buzzwords, used to label those between the ages of 18 and 34, while the term Gen Xers define those between 35 and 50 years of age. Boomers, the group to which I belong, are those 51 through 69. This post covers 8 key pieces of advice I proffer to…
The recent VAT Updates in UAE and Saudi Arabia | Announcements to date : UAE VAT Law came In on August 27, 2017 and the Federal Tax Authority (“FTA”) website in UAE went live on August 22, 2017. Businesses In the UAE expected to be able to register online for VAT from September 17, 2017…
Something most rags-to riches stories have in common is that a good budget is always needed to help anyone achieve financial security. If you want to significantly improve your credit, you have to learn how to pace your spending and increase your savings. No matter how much money you have, there will always be something…
Do you run out of money before you run out of month? Many do, but it doesn’t have to be that way! Wealth is the result of widening the gap between what you earn and what you spend. Most of us make the mistake of ramping up our spending as our disposable incomes rise. This…