GCC VAT Compliance (Basic) PDF Download
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Author: ZAHID FAROOQ
Publisher: ZAHID FAROOQ
ISBN: 9692362701
Category : Business & Economics
Languages : en
Pages : 347
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Book Description
This is a comprehensive book that focuses on the explanation of VAT, classification and description of supply of taxable and non-taxable goods or services, registration method and key documents and each element is cross-referenced with the Oman VAT Law and Executive Regulations. This book also includes practical Case Studies which explains the VAT transactions in detail. Furthermore, each chapter and topic include a specific Compliance Focus segment that summarizes the main points for easier understanding. Moving forward, tax treatments according to the industries are also explained in this book. The formulas to calculate the complex VAT values are also provided in the relevant chapters.
Author: ZAHID FAROOQ
Publisher: ZAHID FAROOQ
ISBN: 9692362701
Category : Business & Economics
Languages : en
Pages : 347
Get Book Here
Book Description
This is a comprehensive book that focuses on the explanation of VAT, classification and description of supply of taxable and non-taxable goods or services, registration method and key documents and each element is cross-referenced with the Oman VAT Law and Executive Regulations. This book also includes practical Case Studies which explains the VAT transactions in detail. Furthermore, each chapter and topic include a specific Compliance Focus segment that summarizes the main points for easier understanding. Moving forward, tax treatments according to the industries are also explained in this book. The formulas to calculate the complex VAT values are also provided in the relevant chapters.
Author: ZAHID FAROOQ
Publisher: ZAHID FAROOQ
ISBN:
Category : Business & Economics
Languages : en
Pages : 410
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Book Description
This book provides a comprehensive coverage of VAT Laws including Federal Decree-Law No. (8) of 2017 on Value Added Tax, Federal Law No. (7) of 2017, GCC VAT Agreement, Public clarification and Guides issued by Federal tax Authority (FTA) in simple language supported with flow charts and comprehensive case studies. The most important points with reference to VAT Compliance are highlighted throughout the book to make it easier for the readers and users of the book to understand the noncompliance issues and resolve accordingly. I am confident that this book would prove helpful both for professionals and non-professionals in understanding the VAT Laws of UAE and bridging the compliance gap.
Author: Oecd
Publisher: Org. for Economic Cooperation & Development
ISBN: 9789264253988
Category : Tax administration and procedure
Languages : en
Pages : 0
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Book Description
A Tax Control Framework (TCF) is the part of the system of internal control that assures the accuracy and completeness of the tax returns and disclosures made by an enterprise. The TCF plays a central part in bringing rigour to the co-operative compliance concept. The objective of this report is to provide guidance that is meant to be helpful for businesses to design and operate their TCFs and for revenue bodies to adjust the risk management strategy for an individual large business in the context of a (voluntary) co-operative compliance relationship as laid out in the FTA report Study into the Role of Tax Intermediaries (OECD, 2008), the 2013 report, and the September 2013 BIAC Statement of Tax Principles for International Business (see Annex A). The broad conclusions of this report are that when the tax control framework of a multinational enterprise participating in cooperative compliance programme is determined to be effective, and when the enterprise provides complete disclosures that include relevant information and tax risks and is transparent to the revenue body, the extent of reviews and audits of the returns submitted to it can be reduced significantly. In these circumstances, the revenue body may rely on the returns submitted to it and trust that uncertain tax positions and other problematic tax positions taken in that return will be brought to its attention.
Author: Mario Mansour
Publisher: International Monetary Fund
ISBN: 1513519751
Category : Business & Economics
Languages : en
Pages : 36
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Book Description
Fairness – and what governments can do about it – is at the forefront of economic and social debate all over the world. In MENA, this has been at the core of recent political transitions but has not been adequately addressed. This SDN explores how tax systems – a critical interface between the state and citizens – can play a role in meeting demands for greater economic fairness in MENA countries. The SDN finds that for countries with well-established non-hydrocarbon tax systems (mostly oil importers) reforms should focus on simplifying tax structures and introducing more progressivity of personal income taxes, broadening tax bases, and better designing and enforcing property taxes. Tax administration should be more efficient and user-friendly while simplifying tax regimes will reduce the scope for arbitrary implementation. MENA countries with less established non-hydrocarbon revenue systems can begin with a “starter pack” that includes introduction of low-rate value-added and corporate income taxes, excises, and property taxes while building up administrative capacity and taxation expertise together with plans for introducing a personal income tax. Across the region, effective communication, transparency, and constructive dialogue between the State and citizens are critical to the success of reforms.
Author:
Publisher:
ISBN:
Category : Bahrain
Languages : en
Pages : 154
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Book Description
Author: Giacomo Luciani
Publisher: Springer Nature
ISBN: 9811557284
Category : Political Science
Languages : en
Pages : 365
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Book Description
This open access book questions the stereotype depicting all Gulf (GCC) economies as not sustainable, and starts a critical discussion of what these economies and polities should do to guarantee themselves a relatively stable future. Volatile international oil markets and the acceleration of the energy transition has challenged the notion that oil revenues are sufficient to sustain oil economies in the near to medium term. But what is the meaning of economic sustainability? The book discusses the multiple dimensions of the concept: economic diversification, continuing value of resources, taxation and fiscal development, labor market sustainability, sustainable income distribution, environmental sustainability, political order (democracy or authoritarianism) and sustainability, regional integration. The overarching message in this book is that we should move on from the simplistic branding of the Gulf economies as unsustainable and tackle the details of which adaptations they might need to undertake.
Author: World Trade Organization
Publisher: Bernan Press
ISBN: 9781598882490
Category : Business & Economics
Languages : en
Pages : 510
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Book Description
The BISD is the official, one-stop source for documents pertaining to the operation and scope of the World Trade Organization (WTO). It contains the Protocols for Accession for new WTO member nations along with other legal instruments. The WTO BISD is co-published by the World Trade Organization and Bernan Press.
Author: Tomasz Braun
Publisher: Palgrave Macmillan
ISBN: 9783030249687
Category : Business & Economics
Languages : en
Pages : 356
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Book Description
Initially, introducing compliance functions within the financial industry had been forced by regulatory scrutiny. Later, it started to spread to other regulated companies, in particular those publicly listed. Now, compliance has become an asset of corporates that want to build their reliability among clients, shareholders, employees and business partners. This book looks at the efficiency of the compliance measures introduced and the best practices of building compliance norms. This recently observed practice of compliance was triggered by the expectation of regulators, shareholders, clients, business partners and the public for robust compliance mechanisms. This book looks at the vast interest in this topic among business people who strive to introduce the systems and the mechanisms of non-compliance risk management in their companies and at the uncountable difficulties and obstacles they meet. The book fills the gap of thorough analysis of this subject by pointing out the solutions successfully introduced in global financial organizations, and would be of interest to academics, researchers and practitioners in corporate finance, corporate governance and risk management.
Author: World Bank
Publisher: World Bank Publications
ISBN: 1464814414
Category : Business & Economics
Languages : en
Pages : 254
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Book Description
Seventeen in a series of annual reports comparing business regulation in 190 economies, Doing Business 2020 measures aspects of regulation affecting 10 areas of everyday business activity.
Author: Jonathan Schwarz
Publisher: Kluwer Law International B.V.
ISBN: 9403526319
Category : Law
Languages : en
Pages : 870
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Book Description
Schwarz on Tax Treaties is the definitive analysis of tax treaties from United Kingdom and Irish perspectives and provides in-depth expert analysis of the interpretation and interaction of those treaty networks with the European Union and international law. The sixth edition significantly develops the earlier work with enhanced commentary and is updated to include the latest UK, Irish domestic and treaty developments, international and EU law, including: Covered Tax Agreements modified by the BEPS Multilateral Instrument; judicial decisions of Ireland, the UK and foreign courts on UK and Irish treaties; Digital Services Tax; treaty binding compulsory arbitration; Brexit and the EU-UK Trade and Cooperation Agreement; taxpayer rights in exchange of information; taxpayer rights in EU cross-border collection of taxes; attribution of profits to permanent establishments; and EU DAC 6 Disclosure of cross-border planning. Case law developments including: UK Supreme Court in Fowler v HMRC; Indian Supreme Court in Engineering Analysis Centre of Excellence Private Limited and Others v CIT; Australian Full Federal Court in Addy v CoT; French Supreme Administrative Court in Valueclick; English Court of Appeal in Irish Bank Resolution Corporation v HMRC; JJ Management and others v HMRC; United States Tax Court in Adams Challenge v CIR; UK Tax Tribunals in Royal Bank of Canada v HMRC; Lloyd-Webber v HMRC; Esso Exploration and Production v HMRC; Glencore v HMRC; McCabe v HMRC; Padfield v HMRC; Davies v HMRC; Uddin v HMRC; English High Court in Minera Las Bambas v Glencore; Kotton v First Tier Tribunal; and CJEU in N Luxembourg I, and others (the ‘Danish beneficial ownership cases’); État belge v Pantochim; College Pension Plan of British Columbia v Finanzamt München; HB v Istituto Nazionale della Previdenza Sociale. About the Author Jonathan Schwarz BA, LLB (Witwatersrand), LLM (UC Berkeley), FTII is an English Barrister at Temple Tax Chambers in London and is also a South African Advocate and a Canadian and Irish Barrister. His practice focuses on international tax disputes as counsel and as an expert and advises on solving cross-border tax problems. He is a Visiting Professor at the Faculty of Law, King’s College London University. He has been listed as a leading tax Barrister in both the Legal 500, for international corporate tax, and Chambers’ Guide to the Legal Profession, for international transactions and particular expertise in transfer pricing. He has been lauded in Who’s Who Legal, UK Bar for his ‘brilliant’ handling of cross-border tax problems. In Chambers Guide, he is identified as ‘the double tax guru’ with ‘extraordinary depth of knowledge and experience when it comes to tax treaty issues and is a creative thinker and a clear and meticulous writer’.
