ITC Accounting & Tax Consultancy

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Non-deductible expenditures refer to costs that cannot be subtracted from taxable income when calculating taxes. Disclaimer: The Content offer general guidance and should not be considered legal, financial, or tax advice. Consult qualified professionals for personalized guidance. While efforts have been made to ensure accuracy, no guarantee is provided for completeness or applicability to individual situations. Users are responsible for their interpretation and actions based on this information, at their own risk. For understanding more about VAT Updates, Tax Law and Registration reach out to us on: contact@itc-tax.com | +971 523205619. Facebook page: https://lnkd.in/dGcW2ty2 Instagram page: https://lnkd.in/duU5YbdY LinkedIn page: https://lnkd.in/dr3acKVq YouTube Channel: https://lnkd.in/d-N5CmCB #corporatetaxuae #corporatetaxes #taxlaw #taxes #uaebusiness #uaelaw #corporatetax #business #uaebusinesses #uae #dubaibusiness #taxconsultant #taxcompliance #taxation #itc #taxfiling #taxaudit #law #tax #uaetax #corporations #finance #compliance #vatdubai #uaebusiness #uaetax #bookkeeping #dubai #accounting #uae #taxation #accountants #accountingfirm #tax #uaevat #accountingservices #business #accountancy #professionalaccountancy #dubaicharteredaccountant #sme #vat #taxdubai #businesssupport #businessaccounting #financialservices #dubaitax #earningouae #financialfreedom #uaecharteredaccountants #charteredaccountant #taxationuae #vat #vatfiling #tax #taxes #taxseason #finance #vatregistration #accounting #auditing #vatreturn #fta #uae #audit #vatcompliance #sme #uaevat #gccvat #business #accountingservices #taxation #dubai #taxadvice #auditservices #taxcompliance #businesstaxes

📢 Friendly Reminder for VAT  Filing and Payment 📅 Hello LinkedIn community, As the month progresses, it's that time of the MONTH for our VAT  obligations. 📊 🗓️ Important Date: February 28, 2024 Don't forget to complete your VAT  filing and payment. Ensuring that everything is in order is vital for your business and compliance with tax regulations. 💼💰 Need assistance or have questions about VAT ? Feel free to reach out, and I'd be happy to help. Let's make the process as smooth as possible! 🤝 Stay compliant, stay stress-free. ✔️ For understanding more about VAT Updates, Tax Law and Registration reach out to us on : contact@itc-tax.com | +971 523205619 Facebook page: https://lnkd.in/dGcW2ty2 Instagram page: https://lnkd.in/duU5YbdY LinkedIn page: https://lnkd.in/dr3acKVq YouTube Channel: https://lnkd.in/d-N5CmCB #corporatetaxuae #corporatetaxes #taxlaw #taxes #uaebusiness #uaelaw #corporatetax #business #uaebusinesses #uae #dubaibusiness #taxconsultant #taxcompliance #taxation #itc #taxfiling #taxaudit #law #tax #uaetax #corporations #finance #compliance #vatdubai #uaebusiness #uaetax #bookkeeping #dubai #accounting #uae #taxation #accountants #accountingfirm #tax #uaevat #accountingservices #business #accountancy #professionalaccountancy #dubaicharteredaccountant #sme #vat #taxdubai #businesssupport #businessaccounting #financialservices #dubaitax #earningouae #financialfreedom #uaecharteredaccountants #charteredaccountant #taxationuae #vat #vatfiling #tax #taxes #taxseason #finance #vatregistration #accounting #auditing #vatreturn #fta #uae #audit #vatcompliance #sme #uaevat #gccvat #business #accountingservices #taxation #dubai #taxadvice #auditservices #taxcompliance #businesstaxes

We are live NOW!! Have you registered yet? https://lnkd.in/dqXkmRWr The Key topics that will be covered: 🎯 What are the Free Zones? 🎯Are Free Zones Designated Zones? 🎯Qualified vs. Excluded Activities. 🎯The De Minimis Requirements. 🎯Compliance Requirements for Businesses in the Free Zones. 🎯Corporate Tax Registration and Deregistration. 🎯Tax Returns and Clarifications. 🎯Penalties for Non-Compliance. 🎯Q&A Session.   Join us to gain valuable insights that can streamline your approach on Corporate Tax Compliance. Thank you and We look forward to your participation.   Best Regards, ITC Tax Consultancy Team Email: contact@itc-tax.com | Ph: +971523205619 #corporatetaxuae #corporatetaxes #taxlaw #taxes #uaebusiness #uaelaw #corporatetax #business #uaebusinesses #uae #dubaibusiness #taxconsultant #taxcompliance #taxation #itc #taxfiling #taxaudit #law #tax #uaetax #corporations #finance #compliance #vatdubai #uaebusiness #uaetax #bookkeeping #dubai #accounting #uae #taxation #accountants #accountingfirm #tax #uaevat #accountingservices #business #accountancy #professionalaccountancy #dubaicharteredaccountant #sme #vat #taxdubai #businesssupport #businessaccounting #financialservices #dubaitax #earningouae #financialfreedom #uaecharteredaccountants #charteredaccountant #taxationuae #vat #vatfiling #tax #taxes #taxseason #finance #vatregistration #accounting #auditing #vatreturn #fta #uae #audit #vatcompliance #sme #uaevat #gccvat #business #accountingservices #taxation #dubai #taxadvice #auditservices #taxcompliance #businesstaxes

📢 We are now Live Join us for a webinar focused exclusively on Corporate Tax Compliance and Strategies for Free Zones and Designated Zones in the UAE Registration Link: https://lnkd.in/dEN6vfv7 We will be covering crucial Corporate Tax aspects tailored for business owners and individuals operating in Free Zones. This Webinar offers straightforward corporate tax implications on the Free Zones, the distinction between various activities, and how companies can achieve a 0% tax rate. Key Topics: – What are the Free Zones? – Are free zones designated zones? – Qualified vs. Excluded Activities. – How a Free Zone Company can obtain 0% tax. – Compliance for 0% rated free zone companies. – What if a free zone company cannot achieve a 0% Corporate Tax? – Q&A Session Join us to gain valuable insights that can streamline your approach to Corporate Tax Compliance. Thank you and We look forward to your participation. For understanding more about Corporate Tax Updates, Tax Law and Registration reach out to us at: contact@itc-tax.com | +971 523205619. #corporatetaxuae #corporatetaxes #taxlaw #taxes #uaebusiness #uaelaw #corporatetax #business #uaebusinesses #uae #dubaibusiness #taxconsultant #taxcompliance #taxation #itc #taxfiling #taxaudit #law #tax #uaetax #corporations #finance #compliance #vatdubai #uaebusiness #uaetax #bookkeeping #dubai #accounting #uae #taxation #accountants #accountingfirm #tax #uaevat #accountingservices #business #accountancy #professionalaccountancy #dubaicharteredaccountant #sme #vat #taxdubai #businesssupport #businessaccounting #financialservices #dubaitax #earningouae #financialfreedom #uaecharteredaccountants #charteredaccountant #taxationuae #vat #vatfiling #tax #taxes #taxseason #finance #vatregistration #accounting #auditing #vatreturn #fta #uae #audit #vatcompliance #sme #uaevat #gccvat #business #accountingservices #taxation #dubai #taxadvice #auditservices #taxcompliance #businesstaxes

Navigating VAT regulations is a crucial aspect of financial management for charities in the UAE. By understanding the distinctions of VAT treatment, charities can ensure compliance while maximizing their resources for impactful charitable activities. Charities must stay well-informed of regulatory updates and seek professional guidance to effectively manage their VAT obligations. Disclaimer: The Content offer general guidance and should not be considered legal, financial, or tax advice. Consult qualified professionals for personalized guidance. While efforts have been made to ensure accuracy, no guarantee is provided for completeness or applicability to individual situations. Users are responsible for their interpretation and actions based on this information, at their own risk. For understanding more about VAT Updates, Tax Law and Registration reach out to us on: contact@itc-tax.com | +971 523205619. Facebook page: https://lnkd.in/dGcW2ty2 Instagram page: https://lnkd.in/duU5YbdY LinkedIn page: https://lnkd.in/dr3acKVq YouTube Channel: https://lnkd.in/d-N5CmCB #corporatetaxuae #corporatetaxes #taxlaw #taxes #uaebusiness #uaelaw #corporatetax #business #uaebusinesses #uae #dubaibusiness #taxconsultant #taxcompliance #taxation #itc #taxfiling #taxaudit #law #tax #uaetax #corporations #finance #compliance #vatdubai #uaebusiness #uaetax #bookkeeping #dubai #accounting #uae #taxation #accountants #accountingfirm #tax #uaevat #accountingservices #business #accountancy #professionalaccountancy #dubaicharteredaccountant #sme #vat #taxdubai #businesssupport #businessaccounting #financialservices #dubaitax #earningouae #financialfreedom #uaecharteredaccountants #charteredaccountant #taxationuae #vat #vatfiling #tax #taxes #taxseason #finance #vatregistration #accounting #auditing #vatreturn #fta #uae #audit #vatcompliance #sme #uaevat #gccvat #business #accountingservices #taxation #dubai #taxadvice #auditservices #taxcompliance #businesstaxes

The Federal Tax Authority (FTA) has issued Decision No. 3 of 2024, specifying the timeline for the registration of taxable persons for Corporate Tax. According to Article 3 of the Decision, resident juridical persons have a designated timeline for tax registration, while Article 4 outlines the timeline for non-resident juridical persons. Additionally, Article 5 specifies the timeline for tax registration of natural persons. It is crucial to adhere to these timelines, as failure to submit a Tax Registration application within the stipulated period may lead to penalties imposed by the FTA, amounting to AED 10,000, as per Cabinet Decision No. 10 of 2024. For further details on the timelines, please refer to the attached Decision. For understanding more about Corporate Tax Updates, Tax Law and Registration reach out to us on: contact@itc-tax.com | +971 523205619. Facebook page: https://lnkd.in/dGcW2ty2 Instagram page: https://lnkd.in/duU5YbdY LinkedIn page: https://lnkd.in/dr3acKVq YouTube Channel: https://lnkd.in/d-N5CmCB #corporatetaxuae #corporatetaxes #taxlaw #taxes #uaebusiness #uaelaw #corporatetax #business #uaebusinesses #uae #dubaibusiness #taxconsultant #taxcompliance #taxation #itc #taxfiling #taxaudit #law #tax #uaetax #corporations #finance #compliance #vatdubai #uaebusiness #uaetax #bookkeeping #dubai #accounting #uae #taxation #accountants #accountingfirm #tax #uaevat #accountingservices #business #accountancy #professionalaccountancy #dubaicharteredaccountant #sme #vat #taxdubai #businesssupport #businessaccounting #financialservices #dubaitax #earningouae #financialfreedom #uaecharteredaccountants #charteredaccountant #taxationuae #vat #vatfiling #tax #taxes #taxseason #finance #vatregistration #accounting #auditing #vatreturn #fta #uae #audit #vatcompliance #sme #uaevat #gccvat #business #accountingservices #taxation #dubai #taxadvice #auditservices #taxcompliance #businesstaxes

📢 Important Update!! Article 6 – Late Registration for Corporate Tax The Ministry of Finance has announced the approval of an administrative penalty of AED 10,000 for the delay in tax registration. This penalty will be imposed in cases where there is a delay in registration within the timelines specified by the Federal Tax Authority. This comes under Cabinet Resolution No. (10) of 2024, amending the schedule of violations and administrative penalties of Cabinet Decision No. 75 of 2023 on the administrative penalties for violations related to the application of Federal Decree-Law No. 47 of 2022 on the taxation of corporations and businesses. The resolution will take effect on March 1, 2024. For understanding more about Corporate Tax Updates, Tax Law and Registration reach out to us on: contact@itc-tax.com | +971 523205619. Facebook page: https://lnkd.in/dGcW2ty2 Instagram page: https://lnkd.in/duU5YbdY LinkedIn page: https://lnkd.in/dr3acKVq YouTube Channel: https://lnkd.in/d-N5CmCB #corporatetaxuae #corporatetaxes #taxlaw #taxes #uaebusiness #uaelaw #corporatetax #business #uaebusinesses #uae #dubaibusiness #taxconsultant #taxcompliance #taxation #itc #taxfiling #taxaudit #law #tax #uaetax #corporations #finance #compliance #vatdubai #uaebusiness #uaetax #bookkeeping #dubai #accounting #uae #taxation #accountants #accountingfirm #tax #uaevat #accountingservices #business #accountancy #professionalaccountancy #dubaicharteredaccountant #sme #vat #taxdubai #businesssupport #businessaccounting #financialservices #dubaitax #earningouae #financialfreedom #uaecharteredaccountants #charteredaccountant #taxationuae #vat #vatfiling #tax #taxes #taxseason #finance #vatregistration #accounting #auditing #vatreturn #fta #uae #audit #vatcompliance #sme #uaevat #gccvat #business #accountingservices #taxation #dubai #taxadvice #auditservices #taxcompliance #businesstaxes