Simply Solved Tax UAE

Navigating the complexities of VAT return filing in the UAE is essential for businesses and freelancers aiming to comply with tax regulations while avoiding costly penalties. VAT return filing serves as a formal way to report VAT registration , payments, and liabilities to the Federal Tax Authority (FTA) during specific periods. This comprehensive guide provides an in-depth understanding of the VAT return filing process and highlights how professional services can simplify this task for businesses of all sizes. What Is VAT Return Filing in the UAE? VAT return filing is the process through which VAT-registered entities report their taxable activities, including output tax payable, input tax recoverable, and net tax liability, to the FTA. The designated form for VAT return filing is Form VAT201 , accessible via the FTA’s official online portal. VAT Return Filing Deadlines Businesses registered for VAT in the UAE must adhere to strict timelines for filing VAT returns. The standard deadlin...

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  If you're going to become a profitable business owner you two are going to have to hire an accountant. So who do you hire you've got bookkeepers and controllers and accountants and CFOs and CPAs I mean the list is endless.   In this article, we're going to talk about what kind of accountant you should have for what circumstance. So we're going to talk about that if you hire in-house should you get because there's a lot of options and there's a lot of different budgets out there that you need to be aware of.   Bookkeeper:   So you don't get the wrong person for the wrong job description, okay the first person you're going to hire is your bookkeeper . Now, this is the data entry specialist depending on where you live you're going to pay a different amount to this person.   So if you live an idle for example you might be on the lower end around eighteen to twenty thousand dollars a year but if you're in Dubai or Abu Dhabi yo...