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@divyamajji123 9 күн бұрын
🙏
@jkumar7929 21 күн бұрын
Is there any time period to claim preliminary expense example paid rent more than 1 year and fatory construction expenses under temperory license
@jkumar7929 Ай бұрын
Well , almost 2 years we are paying rent and construction of factory expense for branch 2, can claim vat in main company or branch 1 company . (Branch 2 is with separate license-same owners)
@ballubalaram Ай бұрын
Generally, the branch is considered as part of the main company/ license for VAT and CT purposes in UAE. In the case of branch, the VAT paid for branch purposes can be claimed as input tax as long as the branch sales are going to taxable supplies. Please make sure whether the branch is holding a branch license or an independent license. For CT purposes, the expenses incurred, if they are capital in nature will be capitalised as an asset and you may claim depreciation on that asset and show as expense in the P&L for CT purposes, if not, then that would been expensed in the year in which they are incurred by following IFRS.
@jkumar7929 21 күн бұрын
thanks
@muhammedrashid4499 Ай бұрын
👏👏
@ravitejasama3868 Ай бұрын
Informative video 👌🏻
@ravitejasama3868 Ай бұрын
👌🏻
@sirishaoosa5870 Ай бұрын
👏👏🥰
@chennamsettinageswararao7667 Ай бұрын
👌👌👌
@ravitejasama3868 Ай бұрын
Insightful 👌🏻
@parkashmagar8468 Ай бұрын
has corporate tax been applied in uae or confirmation is to come from FTA
@irfanm4736 Ай бұрын
Yes. It's already implemented in UAE since June 2023
@mohsinsaleem8406 Ай бұрын
For establishment is a legal or neutral person????
@ballubalaram Ай бұрын
@mohsinsaleem8406 Sole establishment is considered as part of the Individual for CT purpose. Some places, they are calling the Limited liability companies are also called as Establishments, you need to be clear for those ones.
@Dog-w3t Ай бұрын
🔥
@NimmiBenny-n4r Ай бұрын
🔥🔥🔥
@fathimadilsha153 Ай бұрын
Nice👏
@NimmiBenny-n4r Ай бұрын
🔥🔥🔥
@NimmiBenny-n4r Ай бұрын
🔥🔥🔥
@mohammedrahoof5332 Ай бұрын
👍👍
@sahlmohammed3606 Ай бұрын
👍
@umarmuqthar3027 Ай бұрын
👍
@user-ml6bi7zy1b Ай бұрын
🔥👏
@irshadthekkedath Ай бұрын
👏🏻👏🏻👏🏻👏🏻
@dilshad3930 Ай бұрын
🔥🔥
@zosimamatranas6522 2 ай бұрын
Who decides whether a group will be tax group, qualifying or as individual entity, the FTA or the taxable person?
@ballubalaram 2 ай бұрын
Primarily it is the Taxable person who should decide and apply for the Tax Group once they satisfy all the conditions.
@chinnin8871 2 ай бұрын
Post a video on chart of accounts.
@sunilpinto1254 2 ай бұрын
It was a very informative session. I have a query- during FTA Audit, which documents we have to maintain for Import and Export? For Export, Exit paper + Export declaration is enough or any other documents we have to maintain? Thank you
@muhammedrashid4499 2 ай бұрын
Hello, for FTA audit the required docs to prove import and export to keep are as follows 1. Commercial invoice 2. BOE (Customs document) 3. Exit certificate/entry certificate 4. Bill of lading/airway bill 5. Also keep the SOA of customer/supplier
@sunilpinto1254 2 ай бұрын
@@muhammedrashid4499 thank you for your response. Pont No 3, Exit and entry certificate - we have to request this from customs separately? Bcz normally, we don't get this document from the customs.
@zakirhussain33 3 ай бұрын
Do not understand the reason for mentioning bribes!!! As per UAE law bribes are strictly prohibited.
@sandeepkumarghosh1079 4 ай бұрын
Very informative video and clearly briefed
@SayankanaNag 4 ай бұрын
Very well explained. Practical insights are very helpful. Thank you sir.
@mfarhansultan5852 5 ай бұрын
Appreciated your work
@Spectrum-Auditing 4 ай бұрын
Thanks for sharing your comments. Happy to know you could get something out of this video.
@hardikagarwal6819 5 ай бұрын
Left on 36:36
@asimmuhammad280 5 ай бұрын
Excellent job done by both mentors .
@parthasaradhireddy3836 5 ай бұрын
All the best sir 🎉
@geraldw4616 6 ай бұрын
*promo sm* 🙄
@parthasaradhireddy3836 6 ай бұрын
Thanks for a great session which gives clarity on so many things... Can we eligible to claim ITC against out of scope supplies??? because the condition for claiming ITC is one should use those inputs to make taxable output supplies, here out of scope supplies are not Taxable output supplies.. And sales made by Un-registered dealers also treated as out of scope in that case hoe can they claim ITC ??
@rasheed7593 6 ай бұрын
How can claim input credit if i did not linked with FTA ? And which cloum i will show that
@ballubalaram 7 ай бұрын
Thank you so much for your kind words Santosh🙏
@casantoshvaranasi1466 7 ай бұрын
I really appreciate Mr. Balaram and Mr. Rishab for the insights of Corporate Tax. This video is helpful if someone especially individuals who would like to know the impact of Corporate Tax with multiple scenarios...Thank you team.
@ammarashker5721 8 ай бұрын
I'm looking for an internship or an associate tax accounting job in the UAE, I have finished my 4 years bachelor’s degree in accounting, moved to the UAE, got a 2 years residency / work visa and available to work instantly. Please respond with yes or no. Thank you for the video as well, really helpful.
@AbdullahKhan-og7in 8 ай бұрын
its a wonderful session unless 2nd person come, he is chewing something , i cant understand a word
@ibrkhn 8 ай бұрын
Thankyou
@CyrilGupta 8 ай бұрын
Very helpful, I watched the entire webinar.
@Ttttt381 8 ай бұрын
Non vat business expense are considered for corporate tax calculation
@ballubalaram 8 ай бұрын
Yes, unless they are not allowed specifically and that business income is subject to UAE Corporate Tax
@atharva3309 8 ай бұрын
I don't get "fourth degree of kinship and affiliation " could you please elaborate it. Thank You 🙏😊
@sainu916 9 ай бұрын
Very useful and simple. Thank you sir
@Spectrum-Auditing 8 ай бұрын
You are welcome
@hassangul2898 9 ай бұрын
Such a session is rear to find on internet. Hats off to you Sepctrum Auditing. Indeed it is rich with knowledge - thanks to the speakers.
@Spectrum-Auditing 8 ай бұрын
Thanks for sharing your comments. Appreciate you got benefitted from the webinar. keep visiting as we publish videos regularly.
@santhucutevndc 9 ай бұрын
is it mandatory for offshore companies ?
@ballubalaram 9 ай бұрын
We do not have any clarity on it yet, but we assume that as an offshore entity's licence is issued by a free zone authority and it may be treated like any other free zone licence for CT purpose. However, it is advisable to wait for further updates in this regard from the Ministry. Thank you
@LeharG 9 ай бұрын
Our company registered in July 2023. So according to guidelines our financial years will be Jan 2024 to Dec 2024. My question is that the transactions we did in July to Dec 2023 will include in first financial year( Jan to Dec 24) or this period will be non tax period?
@ballubalaram 9 ай бұрын
Hello LeharG, ideally the first financial year of your company is going to be from July 2023 to 31 Dec 2024 under IFRS. For Corporate Tax purpose also, they may consider the same period, in which case your transactions from the beginning will be subject to corporate tax is what we think. However, the Ministry mentioned in a recent discussion that they will come up with a guidance on this matter.
@oceantradegroup4026 9 ай бұрын
hi amazing video i have quick questio is a freezone company a legal person or natural person ?
@Spectrum-Auditing 9 ай бұрын
Thanks for your question. A Freezone Company is a Legal Person. You can drop a mail at [email protected] if you want to get your queries cleared and one of our CT experts will reach you.
@abhimanyusinghbsb 9 ай бұрын
very informative session
@mahshookbm1020 10 ай бұрын
is it mandatory to form tax group if all the conditions exist
@ballubalaram 10 ай бұрын
Hello, thank you for reaching out to us, it is not mandatory.
@mahshookbm1020 10 ай бұрын
Thank you@@ballubalaram