Tax in UAE for Foreigners

However, the UAE simply having the low taxes, the expatriate foreigners are still subject to United States expat taxes in spite of where they actually live so it decreases slightly in UAE. Well, there are a few things that you […]

Is VAT Applicable on Customs Duty in UAE?

UAE is one of the largest exporters among the gulf countries. Moreover, UAE ranks 20th when globally remarked as the largest importer of goods and 29th as the largest exporter. Thus, imports and exports form a major part of the […]

Reasons Why Bookkeeping is Important

What is bookkeeping? Bookkeeping is an important activity of the accounting section for a business setup. Both small business owners, as well as large entrepreneurs, must emphasize on the appointment of a bookkeeper for proper maintenance and record of the […]

Income Tax Filing for Capital Gain Income

Amendments to Section 54 has been announced in the Central Budget, 2019, to the effect that Tax Assessees can enjoy exemption in case the sales proceeds of the made long term capital gains like house property is invested in the […]

How to ITR Filing for Professional/Freelance

Filing of income tax returns for an individual requires a few steps to be followed with some information on how to do the same. Income tax is the amount of money paid to the income tax department by an individual […]

Tax Refund Expo 2020 in Dubai

For tax refunds, VAT related queries and other information, you can always refer to GCC Filings which is a one-stop solution for businesses looking for assistance in various spheres. GCC Filings helps you out with company incorporation, VAT registration, return […]

Unlimited VAT Refund for Tourists

Are you soon to visit the UAE for some retail therapy and shopping? Well, you surely have some reason to celebrate as the government has implemented the No-limit Tourist VAT Refund across a wide variety of retailers. According to the […]

VAT On Entertainment Expenses in Dubai

Entertainment expenses can be defined as the cost of entertaining customers or employees at social and sports events, restaurants meals and theater tickets, amongst other things. Deduction of business entertainment expenses is applicable only under certain conditions: a. you or […]

Penalties in UAE VAT

As far as tax payment is concerned, be it individuals or organizations, they either oversee it, or pay at the last minute. Ever since VAT has been implemented in the UAE, it is mandatory for business organizations to pay tax […]