Theta 7’s Post

The UAE is no longer TAX FREE!! Read more below 👇 Dear Business Owners in the UAE, In the UAE, you now need to keep your books in order and submit reports to the regulator on a regular basis, with most free zones or main land companies needing audits. The questions you need to ask yourself are: Are you keeping or tracking invoices? Are you managing you accounts correctly? Are you keeping your tax exposure organised? Speak to us here: www.theta7.ae #UAE #Accounting

⚠️ Attention companies under UAE Corporate Tax with a tax period from June 2023 to May 2024: Your return filing deadline is 🗓️ February 28, 2025—less than 3 months away! 📚 Ensure your accounting records, commercial books, and related business documents are well-maintained. ✅ #UAE #UAECorporateTax #TaxFiling #Compliance #Dubai #VATCompliance

📢 UAE Corporate Tax Return Deadline Extended The deadline for UAE Corporate Tax return filings has been extended! Businesses now have additional time to ensure compliance, review financials, and file accurately. Don’t miss this opportunity to align with regulatory standards and minimize any errors. #CorporateTax #UAE #TaxFilingDeadline #BusinessCompliance #FinancialPlanning #CorporateFinance #DeadlineExtension #TaxUpdate #BusinessTax #Accounting #Finance

Are you a business in the UAE that has international interests and substance is important? Here's some good news for you! 👇 You no longer need to submit ESR focused filings, now that the UAE has a full structure in place for its corporate tax requirements. Let me break down exactly what this means: - ESR now only applies to accounting periods between January 1 2019 and December 31, 2022. - The compliance process has been simplified, with no more notifications or reporting requirements for periods after 2022. - Admin fines for non-compliance from 2023 onward have been lifted. This doesn’t mean that companies are exempt from the core substance requirements though... Businesses involved in "relevant activities" still need to maintain economic substance. It's crucial these businesses maintain their economic substance by conducting core income-generating activities (CIGA) within the UAE, ensuring proper direction & management and having adequate staff, expenditure and physical presence in the UAE. These fundamentals remain essential, especially if the Federal Tax Authority reviews exemptions. If you're unsure where your business stands when it comes to reporting, fulfilling compliance obligations or substance requirements, drop me a DM - I'll be more than happy to assist! 👍

Acceptable Accounting Methods for UAE Tax Accounting, UAE Entities must have to follow these Methods to avoid penalties.

If your group solely consists of UAE resident entities that have opted to form a Tax Group, you may pay CT based on CFS, if not, each UAE entity is subject to CT and will need to maintain separate financial statements for UAE CT purposes. Stay informed and compliant with UAE tax regulations! #UAE #CorporateTax #TaxCompliance #Finance #AAAAuditorsuae

Alert, UAE Businesses! 🚨 Missed Deadlines mean AED 10,000 Penalty! 💸 . . The Federal Tax Authority (FTA) has issued Decision No. 3 of 2024, outlining crucial deadlines for Corporate Tax Registration. Key points to remember: ✔️ Resident companies: Registration deadlines range from May 31st to December 31st, 2024, depending on your license issuance date. ✔️ Non-resident companies: Deadlines are based on your Permanent Establishment or nexus in the UAE. ✔️ Natural persons: If your business turnover exceeds the specified threshold, register by March 31st of the following year. Let athGADLANG ease your burden and ensure compliance. Get in touch with our experts now! Arslan Mushtaq Suhail Memon, CA Rahul Manwani Jai Kumar , ACCA , LLB (Ex-BDO - Manager) Syed Golam Ashraf #FTA #Registration #Update #Turnover #Compliance #Penalties #Partner #Tax #CorporateTax #Deadline #Regulations #Business #UAE #Dubai #athGADLANG

As per UAE regulations, companies registered in the month of July are required to complete their corporate tax registration by **30th September**. Failure to comply with this regulatory deadline will result in a **penalty of 10,000 AED**. It is crucial for businesses to ensure timely registration to avoid legal and financial repercussions. Corporate tax compliance is an essential aspect of operating within the UAE, and adhering to these deadlines helps maintain the company’s good standing and avoids any unnecessary costs. Companies should seek professional advice or consult with their financial departments to ensure all required documentation is in order before the deadline. For more details contact A-ONE UAE Call: +971523563907 Whatsaap: +971523563907 Email: marketing@aoneaccounting.ae #TaxConsulting #AccountingServices #BusinessGrowth #FinancialSuccess #dubailife #dubai #uae #corporatetax #dubailifestyle #auditing #accounting #management #consulting #vat #excise #freezone