Consultancy – Sangani And Company

UAE VAT ADVISORY DIVISION

The Firm is pleased to announce formation of UAE VAT advisory division. The division shall be headed by its partner Mr. Pratik Sangani.

Addition to Financial Consultancy Division of the Firm

The Firm is pleased to welcome Mr Shiv Raj Arora as part of Financial Consultancy Division of the Firm. Mr Shiv Raj had been a banker with Punjab National Bank for > 25 years with exposure in all spheres of banking viz. Accounts, Operations, Retail Banking, Corporate Finance, Trade Finance, Marketing, Assets Liabilities Management (ALM), Internal Audit and Compliance, Regulatory MIS, Administrative Office, Asset Recovery etc…

UAE Economic Substance Regulations – ESR June 8, 2020
Links to ESR laws and regulations https://www.mof.gov.ae/en/lawsAndPolitics/CabinetResolutions/Pages/312019.aspx https://www.mof.gov.ae/en/StrategicPartnerships/Pages/ESR.aspx
VATP013 – VAT Public Clarification – Disbursements & Reimbursements August 1, 2019
Kindly refer link in UAE FTA website https://www.tax.gov.ae/-/media/Files/FTA/links/Public-Clarification/VATP013—Disbursements-and-Reimbursements.pdf
Cabinet Decision No. (10) of 2019 CONCERNING THE IMPLEMENTING REGULATION OF DECREE LAW NO. (20) OF 2018 ON ANTI- MONEY LAUNDERING AND COMBATING THE FINANCING OF TERRORISM AND ILLEGAL ORGANISATIONS July 22, 2019
link https://www.mof.gov.ae/en/lawsAndPolitics/CabinetResolutions/Pages/201910.aspx
CABINET OF MINISTERS RESOLUTION No. (32) of 2019 on the regulation of reports submitted by multinational companie July 22, 2019
https://www.mof.gov.ae/en/lawsAndPolitics/CabinetResolutions/Pages/BEPS_UAE_CBCR_Regulation_AR.aspx
CABINET OF MINISTERS RESOLUTION No. 31 of 2019 CONCERNING ECONOMIC SUBSTANCE REGULATIONS July 22, 2019
H.H. Sheikh Mohammed Bin Rashid Al Maktoum, Vice President and Prime Minister of the UAE and Ruler of Dubai issued the Resolution of the Cabinet of Ministers No. (31) for 2019 concerning Economic Substance Regulations. Article 1 outlines the basic definition for the implementation of this resolution. The Resolution of the Cabinet of Ministers defined […]
UAE VAT – Further designated zones July 22, 2019
UAE FTA has added three more free zones in Ras Al Khaimah as part of Designated zones which are: 1) Al Hamra Industrial Zone 2) Al Ghail Industrial Zone 3) Al Hulaila Industrial Zone
Felicitation as one of Super 100 July 1, 2019
Mr Pratik Sangani has been felicitated as one of’The Indian Super 100 Middle East and Africa, Super 100 Vol 3, Next Generation and Enterpreneurs at Waldorf Astoria on 28th April, 2019.
VAT clarification on Donations, Grants and Sponsorships January 28, 2019
UAE FTA has issued public clarification on Donations, Grants and Sponsorships in below link https://www.tax.gov.ae/pdf/VATP011%20-%20Donation%20Grants%20and%20Sponsorships.pdf
VAT clarification on Interests and Dividends January 28, 2019
UAE FTA has issued Public Clarification on Interest and Dividends in below link https://www.tax.gov.ae/pdf/VATP010%20Interest%20and%20Dividends.pdf
Tourists in UAE wont get retrospective VAT refund September 10, 2018
Per Khaleej Times report dated September 7, 2018 Tourists in the UAE are unlikely to get VAT refunds for purchases made before the refund scheme comes into effect from November 2018, For complete article kindly visit link https://www.khaleejtimes.com/business/vat-in-uae/tourists-in-uae-wont-get-retrospective-vat-refund