• ADNOC In Country Value (ICV) Program

    • March 7, 2022
    • Posted by: GITPAC
    • Categories: AUDIT, UAE
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    In country value program

    The National In-Country Value Program (ICV) is a program launched by the UAE Government and aims to support the Ministry of Industry and Advanced Technology’s

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  • Tax Procedures Public Clarification – Redetermination of Administrative Penalties

    • February 23, 2022
    • Posted by: GITPAC
    • Categories: TAX, UAE
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    The Federal Tax Authority (FTA) has stated on Monday 24th January 2022, to extend the grace period for the re-determination of administrative penalties on violating tax laws until 31st December 2022.Read more on redetermination of administrative penalties levied prior to the effective date of cabinet decision No. 49 of 2021.

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  • Budget 2022

    • February 19, 2022
    • Posted by: GITPAC
    • Category: Uncategorized
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    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

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  • Are you ready for TAX Audit in UAE?

    • February 14, 2022
    • Posted by: GITPAC
    • Categories: TAX, UAE, UAE Corporate Tax
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    Tax audits in the UAE are conducted by the FTA to enable the government to assess a taxable entity is complying with the tax laws. Through the tax audit, the FTA will examine whether the taxable persons have paid every liability, and all the tax due is collected and given to the government within the stipulated timeframe. FTA can conduct the tax audit at its office or the business premises of the taxable person or any place where the person conducts his business.

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  • UAE Corporate Tax: With effect from 01st June 2023

    • February 1, 2022
    • Posted by: GITPAC
    • Categories: TAX, UAE, UAE Corporate Tax
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    UAE Corporate Tax: With effect from 01st June 2023

    The Ministry of Finance has announced that the UAE will introduce a federal corporate tax on business profits that will be effective for the financial year starting on or after June 1, 2023.The Corporate Tax Rates are…

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  • Important Announcement for all GST taxpayers

    • February 1, 2022
    • Posted by: GITPAC
    • Categories: GST, INDIA, TAX
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    GST

    Important Announcement for all GST taxpayers.From 1st January 2022, there is no scope for any errors while filing GST Returns,

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  • Important Due Dates in Income Tax

    • January 17, 2022
    • Posted by: GITPAC
    • Category: Uncategorized
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    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.

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  • Tax Updates UAE – Amendments to the Federal Decree-Law on Tax Procedures No. 7

    • November 25, 2021
    • Posted by: GITPAC
    • Category: Uncategorized
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    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).

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  • Filing of Income Tax Returns In India

    • November 15, 2021
    • Posted by: GITPAC
    • Categories: INDIA, TAX, Uncategorized
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    It is mandatory to file the income tax returns online for all the registered taxpayers whose taxable income. However, paper returns can be filed …

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  • Redetermination of Administrative Penalties Levied Prior to the Effective Date of Cabinet Decision No. 49 of 2021

    • November 7, 2021
    • Posted by: GITPAC
    • Category: Uncategorized
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    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.

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