Catapult Consulting Services

🌟 December 2024 Taxation Updates: Your Guide to Key Developments 🌟 We are excited to present our Middle East newsletter for the month of December, filled with valuable insights to keep you informed and well-prepared for the year ahead. Here's what’s inside: 1️⃣ Introduction of Domestic Minimum Top-up Tax (DMTT) in the UAE: A new chapter in UAE’s tax regime! Learn how the DMTT impacts businesses operating within the country and aligns with global tax practices. 2️⃣ Amendments on Unincorporated Partnerships, Foreign Partnerships, and Family Foundations: Stay up-to-date with recent changes affecting unincorporated partnerships, foreign partnerships, and family foundations. 3️⃣ Profit Margin Scheme – VAT: Simplifying VAT compliance! Discover the nuances of the Profit Margin Scheme. 4️⃣ IFRS 15 – Revenue from Contracts with Customers: A brief yet insightful overview of IFRS 15 covering 5 steps for revenue recognition. 🎄 As we embrace the holiday spirit, we wish you and your loved ones a Merry Christmas filled with joy and cheer! 🎆 As we step into the new year let’s take a moment to reflect on the year gone by and gear up for the opportunities ahead. May the New Year bring new opportunities, success, and growth to your endeavors! 💡 Have doubts or need clarification? Feel free to reach out to us! Our team is here to assist you with any compliance-related queries and provide tailored solutions for your business needs. #TaxationUpdates #VAT #DMTT #IFRS15 #Compliance #FinancialReporting #MerryChristmas #HappyNewYear Mohamed Yaser Arafath Arun Kumar Shameem Ahamed K T Mohammed Salmanziadh MOHAMMED SAHAL Mohamed Jamil Nasurudeen

🌟 Happy New Year 2025! 🌟 Here’s to a year of growth, success, and prosperity for you and your business! 🎉 May this year bring you new opportunities, seamless compliance, and financial excellence. Kickstart the year with the latest updates from the 55th GST Council Meeting! 🚀 Our Newsletter dives into: 📌 Revised GST rates on goods and services 📌 Key insights on taxability of vouchers 📌 Late fee waiver for GSTR-9/9C filings (FY 2017-18 to 2022-23) 📌 Amendments relating to the Invoice Management System Let’s make 2025 a year of informed decisions and hassle-free compliance!📚   For detailed clarifications or to discuss how these changes impact you, do reach us out! #GSTUpdates #Taxation #55thGSTCouncil #NewYearWishes #GrowthAndCompliance Arun Kumar Ajay Parthasarathy Ram S Adhithya Sivaranjani Ganapathy

📢 𝗜𝗺𝗽𝗼𝗿𝘁𝗮𝗻𝘁 𝗨𝗽𝗱𝗮𝘁𝗲: 𝗘𝘅𝘁𝗲𝗻𝘀𝗶𝗼𝗻 𝗼𝗳 𝗗𝘂𝗲 𝗗𝗮𝘁𝗲 𝗳𝗼𝗿 𝗥𝗲𝘃𝗶𝘀𝗲𝗱/𝗕𝗲𝗹𝗮𝘁𝗲𝗱 𝗥𝗲𝘁𝘂𝗿𝗻𝘀 𝗳𝗼𝗿 𝗔𝗬 𝟮𝟬𝟮𝟰-𝟮𝟬𝟮𝟱 (𝗥𝗲𝘀𝗶𝗱𝗲𝗻𝘁 𝗜𝗻𝗱𝗶𝘃𝗶𝗱𝘂𝗮𝗹𝘀) Taxpayers, take note! The due date for filing Revised or Belated Income Tax Returns for the Assessment Year 2024-2025 has been extended for resident individuals. This extension offers an additional window to ensure your tax filings are accurate and complete. Whether you need to revise an already-filed return or submit a belated return, make the most of this opportunity to stay compliant and avoid penalties. ✅ 𝗥𝗲𝘃𝗶𝘀𝗲𝗱 𝗥𝗲𝘁𝘂𝗿𝗻: For those who need to make corrections to their originally filed returns.  ✅ 𝗕𝗲𝗹𝗮𝘁𝗲𝗱 𝗥𝗲𝘁𝘂𝗿𝗻: For those who missed the original due date. 💡 𝗡𝗲𝗲𝗱 𝗔𝘀𝘀𝗶𝘀𝘁𝗮𝗻𝗰𝗲?  Whether you require guidance in revising your return or filing it belatedly, we’re here to help! 📩 Our team can support you feel free to connect with us for any assistance or queries. #TaxUpdate #IncomeTax #RevisedReturns #TaxCompliance

🚗💸 Clearing the Air on GST for Secondhand Cars! 💡 Confused about the recent GST Council recommendation on secondhand car sales? 🤔 You're not alone! Amid the buzz, clarity is key. 🌟 In this article, we break down the facts: ✅ Who bears the tax burden? ✅ What this means for buyers, dealers, and businesses. Let’s decode and navigate the changes together! 🛣️📊 #GSTUpdates #SecondhandCars #StayInformed Arun Kumar Ajay Parthasarathy Ram S Adhithya

📢Newsletter Alert: December 2024! Stay Informed, Stay Ahead! As the year comes to a close, our December newsletter brings you key insights to help you wrap up 2024 on a strong note. Here's what we've covered this month: 📅 Compliance Calendar: Stay on top of your deadlines! We’ve compiled a comprehensive calendar highlighting important compliance dates for December. Stay compliant with ease and ensure all your submissions are on track. 📢 Key Statutory Updates: Catch up on the latest regulatory changes that could impact your business. Our newsletter covers the most critical updates to ensure you stay compliant and informed. 💼 Stay proactive and make compliance simpler with our insights! Don’t forget to share your thoughts and let us know how we can make these updates even more valuable for you. #Compliance #StatutoryUpdates #December2024 #Newsletter

🌟 November 2024 Taxation Newsletter: Key Updates You Should Know 🌟 Hello, LinkedIn community! We are thrilled to bring you the latest edition of our Middle East Taxation Newsletter—your go-to source for staying informed on the region’s evolving tax landscape. Here are the highlights from our November 2024 issue: 1️⃣ First Corporate Tax Period for Juridical Persons Insights into the inaugural tax cycle for corporate entities and key compliance requirements. 2️⃣ Grace Period to Update Tax Records A timely opportunity to review and correct your records with tax authorities—don’t miss out! 3️⃣ UAE: Bad Debt Relief Provisions Under VAT Law Discover how the latest provisions can impact VAT compliance and benefit your business. 4️⃣ Bahrain’s Domestic Minimum Top-Up Tax (DMTT) Bahrain is set to introduce a 15% DMTT, aligning with international tax standards. 💡 Why these updates matter: They are essential for businesses navigating taxation in the GCC and staying compliant in a globalized tax environment. 📢 Got thoughts or questions? Drop a comment or reach out to explore how these changes could impact your business. Let’s simplify tax compliance together! #Taxation #CorporateTax #VAT #MiddleEast #UAE #Bahrain #Finance #Compliance #GCC Mohamed Yaser Arafath Ajay Parthasarathy Arun Kumar Shameem Ahamed K T MOHAMMED SAHAL Mohammed Salmanziadh Umar Mukthar Mohamed Jamil Nasurudeen

We're thrilled to announce the launch of our very first monthly newsletter! Going forward, we'll be sharing the latest updates on regulatory compliances, keeping you informed about key changes that matter most. As your trusted compliance partner, we're committed to not only providing expert solutions but also empowering you with the knowledge you need to stay ahead. Your continued support means the world to us, and we look forward to serving you with even more valuable insights. Feel free to share your feedback and suggestions – we’re always eager to hear from you! #RegulatoryCompliance #Newsletter #RegulatoryUpdates #StayInformed #NewBeginnings #GSTUpdates #TDSUpdates

We're thrilled to announce the launch of our very first monthly newsletter! Going forward, we'll be sharing the latest updates on regulatory compliances, keeping you informed about key changes that matter most. As your trusted compliance partner, we're committed to not only providing expert solutions but also empowering you with the knowledge you need to stay ahead. Your continued support means the world to us, and we look forward to serving you with even more valuable insights. Feel free to share your feedback and suggestions – we’re always eager to hear from you! #RegulatoryCompliance #Newsletter #RegulatoryUpdates #StayInformed #NewBeginnings #GSTUpdates #TDSUpdates