What is the Zero Government Bureaucracy Programme and its impact on tax?
Mostafa
Mostafa is a qualified Corporate Tax Consultant with over 5 years of experience gained in diverse intricate tax matters, he has high expertise in conducting tax negotiations and investigations with the Federal Tax Authority and other external Tax Bodies. He has vast experience in reviewing and drafting tax documents. Mostafa has also advised on a plethora of tax matters, he draws much attention to tax filing procedures and to offering professional investigations to underlining tax complexities.
What is the Zero Government Bureaucracy Programme (ZGBP)? The UAE government came up with the notion of a new program, Zero Government Bureaucracy Programme (ZGBP), which served as a revolutionary tool for improving the existing administration and ensuring a well-coordinated government structure. The objective of such initiative is to eliminate the double registration, aimless activities … Continue Reading
On March 15, 2024, the Ministry of Finance of the United Arab Emirates started a discussion with the public about new global tax rules. These rules are known as the Global Minimum Tax or GloBE (Global Anti-Base Erosion) Model Rules, part of Pillar Two. The UAE and the OECD have signed the Base Erosion and … Continue Reading
Cabinet Decision No. 108/2023 on November 6, 2023, has amended, the provisions outlined in Article 2 of the Implementing Regulation of Federal Decree-Law No. 37/2017 & 7/2017 on Excise Tax in which UAE witnessed significant changes in its tax landscape, particularly concerning excise tax. The liability of individuals involved in various stages of the supply … Continue Reading
This article analyzes the various corporate tax registration deadlines specified in Federal Tax Authority Decision No. 3 of 2024 in detail. It discusses the timeline for resident and non-resident companies as well as individuals. The implications of late registration are also highlighted. Thus, for Taxable Persons to effectively meet corporate tax registration deadlines and to … Continue Reading
The Commercial Activities Certificate is an important document issued by the Federal Tax Authority to registered businesses generating enough revenue. It confirms that the business is legally conducting commercial operations in the UAE. This allows the firm to claim credit for the VAT paid on supplies and services required to run the business. In this … Continue Reading
The audit procedure is an essential part of the corporate tax system in the United Arab Emirates since it verifies the integrity and correctness of data, assessment, and declaration that taxable organizations provide. It is a system intended to prevent tax fraud and evasion by maintaining an equitable and open tax administration. Organizations covered by … Continue Reading