Expand Tax and Businessmen Services

Happy Emirati Women's Day! 🌟 Today, we celebrate the strength, achievements, and inspiring contributions of Emirati women who continue to shape our nation's future. At Expand, we are proud to support and empower the incredible women who drive progress and innovation every day. #EmiratiWomensDay #WomenOfExpand #EmpowerHer #CelebrateHer

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Dear Valued Clients, 🚨 Avoid Costly Penalties! Act Now to Amend Your Tax Records! 🚨 Please be advised that the following updates must be made in the FTA tax records within 20 business days from the date of expiration or change: • Any expired documents, including Trade Licenses, Passports, and Emirates IDs of shareholders, and Authorized Signatories. • Trade license activities. • Name and address changes. • Changes to the legal entity type, partnership agreements for unincorporated partnerships, articles of association or their equivalent, and changes in shareholders. • License cancellation. 🔴 Late VAT Amendment Penalties • First Violation: AED 5,000 • Repeat Violation: AED 10,000 🔴 Late Corporate Tax (CT) Amendment Penalties • First Violation: AED 1,000 per violation • Repeat Violation: AED 5,000 per violation within 24 months 🔴 Late VAT De-registration Penalties • Monthly penalty of AED 1,000, up to AED 10,000. 💼 Amendment Fees • Yearly Amendment: AED 2,000 (Includes updating your Taxable Person Details, VAT Account, and CT Account.) • One-Time Amendment: AED 750 💼 VAT De-registration Fees: AED 1,500 Avoid unnecessary penalties and safeguard your business. Contact us to manage your tax amendments efficiently.

Determination of Taxable Income

Attention ⚠️: Corporate Tax Registration Still Needed After Business Cessation During Its First Tax Period Even if a business ceases operations during its first tax period, the taxable person must still register for corporate tax. The expiration or absence of a valid license does not mean business activities have ceased. Ensure timely registration to comply with the deadline for tax deregistration, which is 3 months from the date of cessation. Failure to do so can result in administrative penalties. Maintain Compliance and Awareness 📨 Tax@expand.company 📞 +971 50 192 1776 🌐 www.expand.company #CorporateTax #BusinessCompliance #TaxRegistration #UAEBusiness #TaxAwareness #ExpandCompany #BusinessSupport #TaxPenalties #BusinessGuidance

Interested in Corporate Tax Impact Assessment in UAE? Learn More About Corporate Tax Impact Assessment in UAE 📈 Book a FREE Consultation with Expand's FTA Approved Tax Agent Today! Unlock the full potential of your business by understanding and optimizing your corporate tax strategy. Our expert team is here to guide you every step of the way. 👉 Contact Us Now! #CorporateTaxUAE #TaxAssessment #FTAApproved #ExpandYourBusiness #FreeConsultation

We are delighted to share this post about the Business networking meeting of the Dubai Syndicate held on July 27, 2024.