• UAE tax authority announces whistleblower program

    • April 23, 2022
    • Posted by: GITPAC
    • Categories: TAX, UAE
    No Comments

    The UAE Federal Tax Authority (FTA) has announced the launch of a whistle-blower program for tax violations and evasion. With the launch of the program, the FTA has published a User Guide to help informants successfully submit information and leads in a secure and confidential manner to inform the FTA of any natural or legal person evading tax or committing other tax offences.

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  • Kerala Budget 2022 – Highlights

    • March 12, 2022
    • Posted by: GITPAC
    • Category: Uncategorized
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    Budget: Kerala Budget 2022 announcements. Get latest Kerala Budget 2022 updates on GITPAC. Budget highlights, latest budget announcements, budget changes, important points, and more

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  • Importance of Bookkeeping

    • March 12, 2022
    • Posted by: GITPAC
    • Category: Uncategorized
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    Importance of bookkeeping - best accounting and bookkeeping services by GITPAC.

    “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.”

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  • New E-Bill System to enable Paperless submission and end to end digital processing of Bills: FM launches e-Bill system on 46th Civil Accounts Day

    • March 10, 2022
    • Posted by: GITPAC
    • Categories: GST, INDIA, TAX
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    Ministry of Finance launches e-Bill system to enable paperless submission and end to end digital processing of bills

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  • VAT ZERO-RATING for Export of Services in the UAE

    • March 9, 2022
    • Posted by: GITPAC
    • Categories: TAX, UAE, VAT
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    The public clarification, Zero-rating of export of services provides the views of the Federal Tax Authority (FTA) on the conditions for zero-rating of export of services. The clarification is discussing the zero-rating of Export of services as per the Article 31(1)(a) of the Executive Regulation of Federal Decree-Law No. 8 of 2017 on Value Added Tax.

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  • Kerala Government Extends Flood Cess Annual Return till March 15, 2022

    • February 19, 2022
    • Posted by: GITPAC
    • Categories: GST, INDIA, TAX
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    Kerala Government Extends Flood Cess Annual Return till March 15, 2022

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  • 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
    No Comments

    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
    No Comments

    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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