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Blog – N R Doshi & Partners

Ajman Media City Free Zone (AMCFZ): All you need to know

Ajman media city free zone is a new free zone amongst all. It has set a simple legal framework and provides cost-effective company formation options Ajman. Let’s have a look at all its benefits: Depending on the above-mentioned factors, the cost of various packages is decided. This flexibility allows the investor to find out a cost-effective plan for his business.…

Company Liquidation Procedure with Dubai Development Authority / DDA-Dubai in 2020

In this article we will have a look at Company Liquidation Procedure with Dubai Development Authority (DDA). Dubai Development Authority is one of the prominent authorities playing an important role in the development of Dubai’s economy. The authority sets global level standards for real estate building, urban planning, and business services. DDA Dubai is committed to developing an environment that…

Excise Tax Collection in eDirham

The collection of excise tax in the UAE started on 1st October 2017. The Federal Tax Authority announced that the tax should only be collected through eDirham. Excise tax collection in eDirham is introduced to deliver the safety and transparency of the financial transactions. eDirham is a payment tool that is one of the best examples of FinTech. The UAE…

Economic Substance Regulations: MOF Extends Notification Filing Date to 30 June 2020 (Article 8.1 ESR)

The Ministry of Finance has issued COVID-19 industry advisory notification: Cabinet of Ministers Resolution No. 31 of 2019 concerning Economic Substance Regulations (ESR). According to the notification, the notification filing deadlines have been extended to 30 June 2020, and the deadline for filing economic substance return for the financial year 2019 remains unchanged.

VAT Penalties in UAE

VAT Administrative Penalties in UAE Violations and administrative penalties related to the implementation of the Federal Law No. (7) of 2017 on tax procedures: Failure to keep the required records and other information specified in the Tax Law: AED 10,000 for the first time AED 50,000 in case of repetition Failure to submit the data, records, and documents related to…

TRN Verification in UAE: Steps to check TRN Validity

As per UAE VAT Laws, the word TRN stands for Tax Registration Number. TRN is a unique number issued by the Federal Tax Authority to a VAT registered business. In layman’s term, it is also known as VAT Number or VAT Registration Number. As per UAE VAT Laws, businesses registered for Value Added Tax and having a valid Tax Registration…

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