“Bookkeeping is the first step in the accounting process and arguably the most important one for assessing the periodical performance results and enabling proper auditing which is a mandatory legal requirement in various Acts.”

Budget: Union Budget 2022 announcements. Get latest Union Budget 2022 news and updates on GITPAC. Budget highlights, latest budget announcements, budget changes, important points, and more

Timely payment of taxes not only gets you immense benefits in terms of savings but also keeps you out of troubles like penalization, bad credit score due to non-compliance, etc. We highlight key tax deadlines in India in 2022 to ensure that you do not forget these important dates under Income Tax.

The UAE Cabinet has issued Federal Decree-Law No. 28 of 2021 (16 September 2021), amending Federal Decree-Law on Tax Procedures No. 7 of 2017 (11 June 2017) (The Federal Decree-Law on Tax Procedures).

The UAE Federal Tax Authority has issued a release on the penalty relief introduced by Cabinet Decision No. 49 of 2021, which includes amendments to administrative penalties effective from 28 June 2021.