The Administrative penalties for acts committed in violation of the provisions of Federal Decree-Law No. (32) of 2021 – The case of Limited Liability Companies in UAE

The Administrative penalties for acts committed in violation of the provisions of Federal Decree-Law No. (32) of 2021 – The case of Limited Liability Companies in UAE

The Administrative penalties for acts committed in violation of the provisions of Federal Decree-Law No. (32) of 2021 – The case of Limited Liability Companies in UAE Article abstract There are many administrative penalties that will be applied starting from...
VAT on Samples/Gifts

VAT on Samples/Gifts

VAT will be charged on the sales but the gifts with smaller value under 500 AED are VAT exempt. The limit here is 500 AED, and the following conditions apply to this exception. The goods supplied to recipients does not exceed AED 500. The AED 500 threshold is...
Ratio Analysis

Ratio Analysis

. It describes the company’s financial health and mark how a company is performing over time, while comparing a company to another within the same industry or sector. Financial ratios are often divided up into seven main categories. Liquidity ratio Solvency ratio...
ACCOUNTING ETHICS

ACCOUNTING ETHICS

because of that there is possibilities misuse of information or manipulation of numbers to boost perceptions of businesses or to implement earnings. To protect this accounting ethics is important. Ethical codes are the basic standards that an accounting professional...
VAT Group Registration

VAT Group Registration

VAT Group Registration means where two or more persons conducting a business will applied for Tax Registration as a tax group. For the formation of a tax group only the representative member of a prospective tax group can apply. To do so, the representative member...
VAT on Director Services

VAT on Director Services

VAT Treatment of Director Services There should be 375000 AED taxable in previous 12 months or is expected to be in next 30 days for mandatory registration. The director can also register on voluntary basis if its services amount is exceeding 187500 AED. The director...
VAT on Bad Debts

VAT on Bad Debts

There are many reasons for non-payment like customer may end up his business, not satisfied by what he purchased, etc. in this situation supplier will face difficulties in filing VAT returns because of bad debts. The registered supplier charges VAT to the customer at...
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