Tax audit
What is a tax audit/ Vat audit? Tax Audit is conducted by FTA and is one of the compliance checks or to verify a person’s VAT liability is accurate by way of examining various records which are maintained by the taxpayer. The government assesses a company whether they are following responsibilities that apply to their […]
Reclaiming the Input VAT paid before registration
Can we reclaim the Input VAT paid before registration? Yes. The recovery of input tax paid on goods, services and imported goods prior to the date of VAT registration is allowed, only if the goods and services were used to make supplies that give the right to input tax recovery upon tax registration. This implies […]
Procedures for liquidation of LLC
Procedures for liquidation of LLC Board of Directors meeting The Board of Directors must unanimously decide to close down the company. All Directors must agree to this, the document which specifies this must be attested by a Notary Public. At the meeting, the decision to appoint an approved liquidator must also be taken, and too […]
UAE tightens actions against establishments delaying employee wages
FAQ on VAT and Real Estate Business
What is a residential building for VAT purposes? A residential building is a building or part thereof that is intended and designed for occupation by individuals, and mainly includes buildings which can be occupied by any person as main place of residence. It does not include: Any place that is not a building fixed to […]
Various kinds of Tax in UAE
Adding value to Resume: Freelance working
Listing freelance work on a resume is a great way to showcase skills and initiative, but there’s a right and wrong way to do it. Focusing on results proves that your experience brings benefits to prospective employers. Freelance work is an important piece of the puzzle when developing skills. It can also help creatives and consultants generate income […]
Answering “Why you want this job?”
One of the most commonly asked interview questions is “Why you are interested in this job/Why you want this job?” Prospective employers are interested in finding out why exactly you’re particularly interested in their company, yet it can be a question that stumps some candidates. If you’re aimlessly applying to roles or simply lost track (both valid […]
UAE VAT Article 22: Application for VAT De-registration
All businesses with an annual turnover of more than AED 375,000 are required to get themselves registered for VAT and submit the tax returns to the FTA (Federal Tax Authority). As long as the business is operating in the UAE, a valid VAT registration needs to be available with the business. However, there could be […]
Breaking the Ice in Interviews
Nailing an interview takes preparation, but studying and practicing beforehand doesn’t always yield perfect results. Interviews can be awkward or have uncomfortable moments, so going into each with a strategy to overcome them can be helpful. Something as small as asking about an interviewer’s weekend can be a good conversation starter. Asking about the weather […]
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