Guide on deregistering or cancelling vat registration in UAEAhmedTalaat127
In general, TRN termination in UAE is the result of VAT deregistration or cancellation. In order to deregister for VAT, the business has to cancel the registration with the FTA or Federal Tax Authority. There are several reasons why a business would opt to cancel registration for VAT; However, the reason as to why your business will undergo VAT deregistration in UAE has to fall under conditions that are defined in VAT regulations in the country. The tax authority hast the right in approving or rejecting applications for deregistration for UAE VAT.
Minimum alternate tax ( mat ) U/S 115JB-YASH JAINYash Jain
MAT (Minimum Alternate Tax) was introduced to tax companies that reported book profits but paid little or no income tax under normal tax provisions. MAT is calculated as a percentage of a company's book profits and the company must pay the higher of MAT or the tax calculated under normal provisions. Key points of MAT include: it applies only to companies, the MAT rate has changed over time and is now 18%, MAT credit can be carried forward for up to 10 years to offset future tax liability.
HLB HAMT has a dedicated desk comprising of experienced tax consultants, for assisting new and existing registrants to fulfil UAE VAT administrative formalities related to VAT Registration, Deregistration and Group Amendments in UAE.
Vat return review and refund application in uaeFiyona Nourin
HLB HAMT provides VAT return review and refund application services in the UAE. They review past VAT returns filed by clients to identify any errors or issues and ensure compliance. They can also assist with applying for VAT refunds when input tax exceeds output tax. Eligible parties for refunds include UAE nationals building new homes and Expo 2020 Dubai participants. HLB HAMT has experienced consultants who can help navigate the VAT return and refund processes in the UAE.
Vat return review and refund application in uaeRishalHalid1
We provide VAT return review services in UAE as a part of Tax Agent services or consultants services where filing of accurate return on timely basis will be ensured.
Changes in Income tax return forms AY 2018-19Deepak Arya
Every year, the CBDT in India notifies the new income tax return forms and for the assessment year 2018-19 also CBDT has released the new income tax return forms. These forms will be applicable for the income tax return of 01-04-2017 to 31-03-2018 period. With the help of these slides you will be able to understand the new information required in these forms so that before filing the returns the assessee shall be ready with the desired information.
The document discusses the legislative history and provisions related to presumptive taxation in India. Some key points:
1) Various sections like 44AC, 44AD, 44AE, 44AF were introduced over time to allow computing income on a presumptive basis for certain eligible businesses to simplify tax compliance.
2) Section 44AD was amended in 2009 to expand the scope of presumptive taxation to all businesses with a turnover up to Rs. 60 lakhs, except those covered under other sections.
3) The new provisions allow deeming income at 8% of gross receipts/turnover for eligible assessees engaged in eligible businesses. Various case laws have upheld the constitutional validity
Guide on deregistering or cancelling vat registration in UAEAhmedTalaat127
In general, TRN termination in UAE is the result of VAT deregistration or cancellation. In order to deregister for VAT, the business has to cancel the registration with the FTA or Federal Tax Authority. There are several reasons why a business would opt to cancel registration for VAT; However, the reason as to why your business will undergo VAT deregistration in UAE has to fall under conditions that are defined in VAT regulations in the country. The tax authority hast the right in approving or rejecting applications for deregistration for UAE VAT.
Minimum alternate tax ( mat ) U/S 115JB-YASH JAINYash Jain
MAT (Minimum Alternate Tax) was introduced to tax companies that reported book profits but paid little or no income tax under normal tax provisions. MAT is calculated as a percentage of a company's book profits and the company must pay the higher of MAT or the tax calculated under normal provisions. Key points of MAT include: it applies only to companies, the MAT rate has changed over time and is now 18%, MAT credit can be carried forward for up to 10 years to offset future tax liability.
HLB HAMT has a dedicated desk comprising of experienced tax consultants, for assisting new and existing registrants to fulfil UAE VAT administrative formalities related to VAT Registration, Deregistration and Group Amendments in UAE.
Vat return review and refund application in uaeFiyona Nourin
HLB HAMT provides VAT return review and refund application services in the UAE. They review past VAT returns filed by clients to identify any errors or issues and ensure compliance. They can also assist with applying for VAT refunds when input tax exceeds output tax. Eligible parties for refunds include UAE nationals building new homes and Expo 2020 Dubai participants. HLB HAMT has experienced consultants who can help navigate the VAT return and refund processes in the UAE.
Vat return review and refund application in uaeRishalHalid1
We provide VAT return review services in UAE as a part of Tax Agent services or consultants services where filing of accurate return on timely basis will be ensured.
Changes in Income tax return forms AY 2018-19Deepak Arya
Every year, the CBDT in India notifies the new income tax return forms and for the assessment year 2018-19 also CBDT has released the new income tax return forms. These forms will be applicable for the income tax return of 01-04-2017 to 31-03-2018 period. With the help of these slides you will be able to understand the new information required in these forms so that before filing the returns the assessee shall be ready with the desired information.
The document discusses the legislative history and provisions related to presumptive taxation in India. Some key points:
1) Various sections like 44AC, 44AD, 44AE, 44AF were introduced over time to allow computing income on a presumptive basis for certain eligible businesses to simplify tax compliance.
2) Section 44AD was amended in 2009 to expand the scope of presumptive taxation to all businesses with a turnover up to Rs. 60 lakhs, except those covered under other sections.
3) The new provisions allow deeming income at 8% of gross receipts/turnover for eligible assessees engaged in eligible businesses. Various case laws have upheld the constitutional validity
This document discusses UAE VAT returns. It notes that registered businesses are required to submit VAT returns to the Federal Tax Authority on a quarterly basis by the 28th day of the month following the end of the tax period. The return requires businesses to report their total sales, purchases, output VAT, input VAT, and net VAT payable. Penalties may be imposed for late or inaccurate filing of VAT returns.
This document provides tips for self-employed individuals regarding taxes. It discusses start-up costs that can be deducted or amortized. It also covers hiring employees, using your home for business, vehicle and travel expenses, estimated tax planning, retirement plans, and additional tips such as keeping good records.
Vat return review and refund application in uaeRishalHalid1
HLB HAMT provides VAT return review and refund application services in the UAE. They have experienced tax consultants who review corporate tax returns across different industries to ensure accurate and timely filing. Return reviews identify any errors or omissions to rectify through voluntary disclosures or corrections. Refund applications are submitted when input tax exceeds output tax, and HLB HAMT assists with accurate submissions to expedite refunds. They also offer specialized services for UAE nationals building new homes and Expo 2020 participants.
Title: Payroll Seminar
How to register;
RTI (Real Time Information);
Record keeping and reporting requirements;
Mistakes to avoid;
Penalty regime;
CIS refunds.
Summary:
In this seminar you will learn the basic skills to enable you to deal with the payroll and CIS yourself. It will also enhance your understanding of the RTI (Real Time Information) initiative and the penalty regime. Case studies will be completed in groups for better understanding of the practical application of the knowledge learned.
To be delivered by:
Zee Shan Bawany – Regional Tax Adviser – Smartfield Accountants
PAYE is a method of collecting tax from individuals,both Resident and Non-resident, in gainful employment. Every employer is required to register for this obligation.
MAT or Minimum Alternate Tax was introduced in 1987 to collect taxes from zero tax companies. It levies a tax rate of 15% on the book profits of companies to bring them in the tax net. Companies can claim MAT credit for taxes paid over their normal tax liability which can be carried forward for 15 years. All companies, including those in Special Economic Zones, are required to pay MAT and file MAT reports. The introduction of MAT helps reduce tax evasion and ensures that companies pay a minimum level of tax.
The document discusses different types of tax notices issued by the Income Tax department in India. It explains notices under Section 142 to file tax returns, notices under Section 143(3) for scrutiny assessments when further examination of filed returns is needed, and notices under Section 147 for income that has escaped assessment and tax. It also briefly mentions readjustment of refunds under Section 245. The document provides details on the parameters and scenarios that typically trigger these various types of tax notices.
The case involved Stubart Investment selling its assets to its sister subsidiary Grover in order to use Grover's tax loss carryforwards to offset the profits from the business. The Minister of National Revenue reassessed Stubart, arguing the transaction was a sham to avoid taxes. The Supreme Court of Canada rejected the sham argument and ruled that Stubart was entitled to structure transactions to minimize its taxes. The Court established a new test that a transaction will only be denied for tax purposes if it constitutes an artificial transaction, is abusive, or violates the spirit and purpose of the Income Tax Act. The decision affirmed a taxpayer's right to reduce its tax liability through appropriate legal means.
This is one of the series of lecture for income tax and is relevant for CA student. There are detailed videos on Income tax which are available at www.youtube.com/corporateeducation.in
Beginning April 2013, employers in the UK will have to report PAYE information to HMRC in real time (RTI). Under RTI, employers will be required to send payroll information electronically to HMRC every time an employee is paid, including details like names, dates of birth, national insurance numbers, hours worked and passport numbers if applicable. Employers need to ensure their payroll systems are updated and prepared to comply with the new RTI requirements by checking employee records, updating processes and consulting their payroll software providers.
Assignment on Factor affecting avoidance of Income Tax in Bangladesh
Tax experience in practical life
How pay tax
Recent Tax payment system
Problem Face in paying Tax
Recommendation
This document summarizes India's Income Disclosure Scheme (IDS) launched in 2016. The key points are:
1) IDS allows voluntary disclosure of undeclared income and assets (black money) held domestically until September 30, 2016 by paying tax at 45%.
2) It aims to bring undisclosed black money into the tax net and provide an opportunity to declare income without facing prosecution or scrutiny.
3) The document discusses eligibility rules, valuation methods, benefits of declaring under IDS, and answers some frequently asked questions about the scheme.
The Bureau of Internal Revenue (BIR) is the main revenue agency of the Philippines mandated by law to assess and collect all national internal revenue taxes, fees, and charges. Its vision is to be an institution of service excellence manned by people with integrity and professionalism. Its mission is to collect internal revenue taxes for the government. The BIR handles applications for Taxpayer Identification Numbers, business registrations, permits for accounting systems and cash registers. It also collects income tax, withholding tax, estate and donor's tax, VAT, percentage tax, and excise tax. The BIR enforces penalties for tax evasion such as civil penalties, interest, fines, and possible imprisonment.
Businesses must register for GST if their taxable turnover exceeds RM500,000, which is determined by either the total value of taxable supplies over the past 12 months (historical turnover) or the next 12 months (future turnover). The presentation on GST registration was delivered by Mr. Henry and provided information on the liability to register as well as how taxable turnover is determined.
Sales Tax Rules in Pakistan and Types of RefundsAhmadAli644
This document discusses sales tax in Pakistan. It defines sales tax and who is required to register and pay it. Persons who must register include manufacturers, retailers, importers, wholesalers and distributors. It also discusses taxable supplies, input tax and output tax. Registered persons must issue sales tax invoices, file regular returns by the 15th of each month, and maintain records for 5 years. The sales tax rate is currently 17% with exemptions for some goods and refunds provided if input tax exceeds output tax.
This document discusses tax planning, avoidance, evasion and management. Tax planning is arranging one's affairs to minimize tax liability legally by taking deductions. Tax management refers to complying with tax laws by maintaining records and filing returns. Tax avoidance legally reduces taxes by claiming exemptions, while tax evasion illegally avoids taxes by omitting information or submitting false statements, and can result in penalties.
Payroll seminar covering the most talked about legal requirement of RTI (real time information) reporting to HMRC. Delivered by Zee Shan of Smartfield Accountants in Leicester.
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This document discusses UAE VAT returns. It notes that registered businesses are required to submit VAT returns to the Federal Tax Authority on a quarterly basis by the 28th day of the month following the end of the tax period. The return requires businesses to report their total sales, purchases, output VAT, input VAT, and net VAT payable. Penalties may be imposed for late or inaccurate filing of VAT returns.
This document provides tips for self-employed individuals regarding taxes. It discusses start-up costs that can be deducted or amortized. It also covers hiring employees, using your home for business, vehicle and travel expenses, estimated tax planning, retirement plans, and additional tips such as keeping good records.
Vat return review and refund application in uaeRishalHalid1
HLB HAMT provides VAT return review and refund application services in the UAE. They have experienced tax consultants who review corporate tax returns across different industries to ensure accurate and timely filing. Return reviews identify any errors or omissions to rectify through voluntary disclosures or corrections. Refund applications are submitted when input tax exceeds output tax, and HLB HAMT assists with accurate submissions to expedite refunds. They also offer specialized services for UAE nationals building new homes and Expo 2020 participants.
Title: Payroll Seminar
How to register;
RTI (Real Time Information);
Record keeping and reporting requirements;
Mistakes to avoid;
Penalty regime;
CIS refunds.
Summary:
In this seminar you will learn the basic skills to enable you to deal with the payroll and CIS yourself. It will also enhance your understanding of the RTI (Real Time Information) initiative and the penalty regime. Case studies will be completed in groups for better understanding of the practical application of the knowledge learned.
To be delivered by:
Zee Shan Bawany – Regional Tax Adviser – Smartfield Accountants
PAYE is a method of collecting tax from individuals,both Resident and Non-resident, in gainful employment. Every employer is required to register for this obligation.
MAT or Minimum Alternate Tax was introduced in 1987 to collect taxes from zero tax companies. It levies a tax rate of 15% on the book profits of companies to bring them in the tax net. Companies can claim MAT credit for taxes paid over their normal tax liability which can be carried forward for 15 years. All companies, including those in Special Economic Zones, are required to pay MAT and file MAT reports. The introduction of MAT helps reduce tax evasion and ensures that companies pay a minimum level of tax.
The document discusses different types of tax notices issued by the Income Tax department in India. It explains notices under Section 142 to file tax returns, notices under Section 143(3) for scrutiny assessments when further examination of filed returns is needed, and notices under Section 147 for income that has escaped assessment and tax. It also briefly mentions readjustment of refunds under Section 245. The document provides details on the parameters and scenarios that typically trigger these various types of tax notices.
The case involved Stubart Investment selling its assets to its sister subsidiary Grover in order to use Grover's tax loss carryforwards to offset the profits from the business. The Minister of National Revenue reassessed Stubart, arguing the transaction was a sham to avoid taxes. The Supreme Court of Canada rejected the sham argument and ruled that Stubart was entitled to structure transactions to minimize its taxes. The Court established a new test that a transaction will only be denied for tax purposes if it constitutes an artificial transaction, is abusive, or violates the spirit and purpose of the Income Tax Act. The decision affirmed a taxpayer's right to reduce its tax liability through appropriate legal means.
This is one of the series of lecture for income tax and is relevant for CA student. There are detailed videos on Income tax which are available at www.youtube.com/corporateeducation.in
Beginning April 2013, employers in the UK will have to report PAYE information to HMRC in real time (RTI). Under RTI, employers will be required to send payroll information electronically to HMRC every time an employee is paid, including details like names, dates of birth, national insurance numbers, hours worked and passport numbers if applicable. Employers need to ensure their payroll systems are updated and prepared to comply with the new RTI requirements by checking employee records, updating processes and consulting their payroll software providers.
Assignment on Factor affecting avoidance of Income Tax in Bangladesh
Tax experience in practical life
How pay tax
Recent Tax payment system
Problem Face in paying Tax
Recommendation
This document summarizes India's Income Disclosure Scheme (IDS) launched in 2016. The key points are:
1) IDS allows voluntary disclosure of undeclared income and assets (black money) held domestically until September 30, 2016 by paying tax at 45%.
2) It aims to bring undisclosed black money into the tax net and provide an opportunity to declare income without facing prosecution or scrutiny.
3) The document discusses eligibility rules, valuation methods, benefits of declaring under IDS, and answers some frequently asked questions about the scheme.
The Bureau of Internal Revenue (BIR) is the main revenue agency of the Philippines mandated by law to assess and collect all national internal revenue taxes, fees, and charges. Its vision is to be an institution of service excellence manned by people with integrity and professionalism. Its mission is to collect internal revenue taxes for the government. The BIR handles applications for Taxpayer Identification Numbers, business registrations, permits for accounting systems and cash registers. It also collects income tax, withholding tax, estate and donor's tax, VAT, percentage tax, and excise tax. The BIR enforces penalties for tax evasion such as civil penalties, interest, fines, and possible imprisonment.
Businesses must register for GST if their taxable turnover exceeds RM500,000, which is determined by either the total value of taxable supplies over the past 12 months (historical turnover) or the next 12 months (future turnover). The presentation on GST registration was delivered by Mr. Henry and provided information on the liability to register as well as how taxable turnover is determined.
Sales Tax Rules in Pakistan and Types of RefundsAhmadAli644
This document discusses sales tax in Pakistan. It defines sales tax and who is required to register and pay it. Persons who must register include manufacturers, retailers, importers, wholesalers and distributors. It also discusses taxable supplies, input tax and output tax. Registered persons must issue sales tax invoices, file regular returns by the 15th of each month, and maintain records for 5 years. The sales tax rate is currently 17% with exemptions for some goods and refunds provided if input tax exceeds output tax.
This document discusses tax planning, avoidance, evasion and management. Tax planning is arranging one's affairs to minimize tax liability legally by taking deductions. Tax management refers to complying with tax laws by maintaining records and filing returns. Tax avoidance legally reduces taxes by claiming exemptions, while tax evasion illegally avoids taxes by omitting information or submitting false statements, and can result in penalties.
Payroll seminar covering the most talked about legal requirement of RTI (real time information) reporting to HMRC. Delivered by Zee Shan of Smartfield Accountants in Leicester.
❼❷⓿❺❻❷❽❷❼❽ Dpboss Matka Result Satta Matka Guessing Satta Fix jodi Kalyan Final ank Satta Matka Dpbos Final ank Satta Matta Matka 143 Kalyan Matka Guessing Final Matka Final ank Today Matka 420 Satta Batta Satta 143 Kalyan Chart Main Bazar Chart vip Matka Guessing Dpboss 143 Guessing Kalyan night
At Techbox Square, in Singapore, we're not just creative web designers and developers, we're the driving force behind your brand identity. Contact us today.
The Genesis of BriansClub.cm Famous Dark WEb PlatformSabaaSudozai
BriansClub.cm, a famous platform on the dark web, has become one of the most infamous carding marketplaces, specializing in the sale of stolen credit card data.
The APCO Geopolitical Radar - Q3 2024 The Global Operating Environment for Bu...APCO
The Radar reflects input from APCO’s teams located around the world. It distils a host of interconnected events and trends into insights to inform operational and strategic decisions. Issues covered in this edition include:
[To download this presentation, visit:
https://www.oeconsulting.com.sg/training-presentations]
This PowerPoint compilation offers a comprehensive overview of 20 leading innovation management frameworks and methodologies, selected for their broad applicability across various industries and organizational contexts. These frameworks are valuable resources for a wide range of users, including business professionals, educators, and consultants.
Each framework is presented with visually engaging diagrams and templates, ensuring the content is both informative and appealing. While this compilation is thorough, please note that the slides are intended as supplementary resources and may not be sufficient for standalone instructional purposes.
This compilation is ideal for anyone looking to enhance their understanding of innovation management and drive meaningful change within their organization. Whether you aim to improve product development processes, enhance customer experiences, or drive digital transformation, these frameworks offer valuable insights and tools to help you achieve your goals.
INCLUDED FRAMEWORKS/MODELS:
1. Stanford’s Design Thinking
2. IDEO’s Human-Centered Design
3. Strategyzer’s Business Model Innovation
4. Lean Startup Methodology
5. Agile Innovation Framework
6. Doblin’s Ten Types of Innovation
7. McKinsey’s Three Horizons of Growth
8. Customer Journey Map
9. Christensen’s Disruptive Innovation Theory
10. Blue Ocean Strategy
11. Strategyn’s Jobs-To-Be-Done (JTBD) Framework with Job Map
12. Design Sprint Framework
13. The Double Diamond
14. Lean Six Sigma DMAIC
15. TRIZ Problem-Solving Framework
16. Edward de Bono’s Six Thinking Hats
17. Stage-Gate Model
18. Toyota’s Six Steps of Kaizen
19. Microsoft’s Digital Transformation Framework
20. Design for Six Sigma (DFSS)
To download this presentation, visit:
https://www.oeconsulting.com.sg/training-presentations
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The 10 Most Influential Leaders Guiding Corporate Evolution, 2024.pdfthesiliconleaders
In the recent edition, The 10 Most Influential Leaders Guiding Corporate Evolution, 2024, The Silicon Leaders magazine gladly features Dejan Štancer, President of the Global Chamber of Business Leaders (GCBL), along with other leaders.
Building Your Employer Brand with Social MediaLuanWise
Presented at The Global HR Summit, 6th June 2024
In this keynote, Luan Wise will provide invaluable insights to elevate your employer brand on social media platforms including LinkedIn, Facebook, Instagram, X (formerly Twitter) and TikTok. You'll learn how compelling content can authentically showcase your company culture, values, and employee experiences to support your talent acquisition and retention objectives. Additionally, you'll understand the power of employee advocacy to amplify reach and engagement – helping to position your organization as an employer of choice in today's competitive talent landscape.
Company Valuation webinar series - Tuesday, 4 June 2024FelixPerez547899
This session provided an update as to the latest valuation data in the UK and then delved into a discussion on the upcoming election and the impacts on valuation. We finished, as always with a Q&A
Event Report - SAP Sapphire 2024 Orlando - lots of innovation and old challengesHolger Mueller
Holger Mueller of Constellation Research shares his key takeaways from SAP's Sapphire confernece, held in Orlando, June 3rd till 5th 2024, in the Orange Convention Center.
B2B payments are rapidly changing. Find out the 5 key questions you need to be asking yourself to be sure you are mastering B2B payments today. Learn more at www.BlueSnap.com.
Unveiling the Dynamic Personalities, Key Dates, and Horoscope Insights: Gemin...my Pandit
Explore the fascinating world of the Gemini Zodiac Sign. Discover the unique personality traits, key dates, and horoscope insights of Gemini individuals. Learn how their sociable, communicative nature and boundless curiosity make them the dynamic explorers of the zodiac. Dive into the duality of the Gemini sign and understand their intellectual and adventurous spirit.
Storytelling is an incredibly valuable tool to share data and information. To get the most impact from stories there are a number of key ingredients. These are based on science and human nature. Using these elements in a story you can deliver information impactfully, ensure action and drive change.
How MJ Global Leads the Packaging Industry.pdfMJ Global
MJ Global's success in staying ahead of the curve in the packaging industry is a testament to its dedication to innovation, sustainability, and customer-centricity. By embracing technological advancements, leading in eco-friendly solutions, collaborating with industry leaders, and adapting to evolving consumer preferences, MJ Global continues to set new standards in the packaging sector.
Part 2 Deep Dive: Navigating the 2024 Slowdownjeffkluth1
Introduction
The global retail industry has weathered numerous storms, with the financial crisis of 2008 serving as a poignant reminder of the sector's resilience and adaptability. However, as we navigate the complex landscape of 2024, retailers face a unique set of challenges that demand innovative strategies and a fundamental shift in mindset. This white paper contrasts the impact of the 2008 recession on the retail sector with the current headwinds retailers are grappling with, while offering a comprehensive roadmap for success in this new paradigm.
1. RECEIVING LESS SALARY IN CORONA PANDEMIC-
IT WOULD STILL BE TAXED ON ORIGINAL CTC
• Since salary is chargeable on Accrual
or receipt whichever is earlier, If you
are receiving salary lower than actual
then it would still accrue on your
account and not receiving it does not
provide relaxation from income
tax.(section 15 of Income tax Act)
• Ensure that the Components of salary
also revise in salary slip/form 16
• Or
• Received communication from
company about the new received salary
AL
CA ANKUR LAKHIWAL MOB 8010898029