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VAT Consultant

VAT is a transaction-based indirect tax which is levied at each step of the supply chain. End consumers generally bear the VAT cost while registered businesses collect and account for the tax, in a way acting as a tax collector on behalf of the Federal Tax Authority. VAT is used in more than 180 countries around the world. All OECD countries except for the US have VAT (or a variation). While it feels exactly the same as a general sales tax to end-consumers, VAT is a more sophisticated tax and overcomes many challenges that affect the general sales tax. see more...

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Corporate Tax

Corporate tax is a form of tax levied on the profits earned by corporations or businesses. It is typically imposed by the government on the income generated from business activities, including sales revenue, capital gains, and other sources of business income. Corporate tax rates and regulations vary across countries and can have a significant impact on a company's financial performance and competitiveness. Corporations are generally required to file annual tax returns and calculate their tax liability based on applicable tax laws and regulations. Tax deductions, credits, and allowances may be available to businesses to reduce their taxable income. Corporate tax revenue plays a vital role in funding government expenditures and public services. It is an important source of income for governments and contributes to economic development and infrastructure investment. Effective tax planning and compliance with corporate tax regulations are essential for businesses to manage their tax obligations, optimize their tax position, and ensure legal and ethical compliance in their financial operations. see more...

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VAT Registration

To register for VAT (Value Added Tax) in the United Arab Emirates (UAE), you will need to provide certain information and documentation. While the specific requirements may vary based on the nature of your business and the authority overseeing VAT, here are the general contents typically required for VAT registration in the UAE: see more...

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Vat Return Filing

When filling out a VAT (Value Added Tax) return, you typically need to provide specific information about your business's sales and purchases during the designated period. While the exact requirements may vary depending on the country and tax regulations, here are the general contents you might need to include in a VAT return: see more...

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VAT Amendment

When you need to make amendments to a previously filed VAT (Value Added Tax) return, you will typically need to provide specific information to correct any errors or update the previously reported figures. The contents of a VAT amendment can vary depending on the country and tax regulations, but here are the general contents you might need to include: see more...

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VAT Reconsideratio...

When you need to request a VAT (Value Added Tax) reconsideration or dispute a decision made by the tax authority regarding your VAT liability or refund, you will typically need to provide specific information to support your claim. The contents of a VAT reconsideration request can vary depending on the country and tax regulations, but here are the general contents you might need to include: Reconsideration Request Letter: Write a formal letter addressed to the tax authority explaining your request for reconsideration. Include your business details, such as legal name, address, VAT registration number, and contact information. Reference Information: Mention the reference number or details of the original VAT return, assessment, decision, or refund claim that you are disputing. This will help the tax authority identify the specific case and documents involved. Reason for Reconsideration: Clearly state the reason for your reconsideration request. Provide a detailed explanation of why you believe the tax authority's decision was incorrect or unfair. Cite relevant legal provisions, regulations, or precedents that support your argument. Supporting Documentation: Attach any supporting documentation that strengthens your case. This may include: Invoices, receipts, credit notes, or any other relevant financial documents. Contracts, agreements, or correspondence related to the transactions in question. Legal opinions, expert reports, or other evidence that supports your position. Any relevant rulings, court decisions, or tax tribunal decisions that are applicable to your case. Any additional information that demonstrates errors, omissions, or inconsistencies in the tax authority's decision. Calculation of Correct VAT Liability or Refund: If your request involves disputing the calculation of VAT liability or refund, provide a revised calculation that you believe accurately reflects the correct amount. Include a breakdown of the revised figures and explain the basis for your calculations. Deadline for Response: Request a specific deadline for the tax authority to respond to your reconsideration request. This will help ensure that your case is addressed in a timely manner. Declaration and Signature: Sign and date the reconsideration request letter to confirm its authenticity and accuracy. see more...

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