With the announcement of 1 January 2018 as the go-live date for VAT, businesses will need to develop a comprehensive action plan that takes into account its impact on people and organizations, processes and controls, and data and technology. They will need to consider the following activities to be VAT-ready: Understand key areas of impact in
All kind of Foreign exchange / overseas assets such as properties, bank deposits, stocks and securities, life insurance policies, loans, company deposits, debentures, bonds etc. acquired, held or owned by an NRI while he was abroad can be continued to be so held and deal in any manner even after the NRIs return to India
The status of a person as a resident or non-resident depends on his period of stay in India. The period of stay is counted in number of days for each financial year beginning from 1st April to 31st March (known as previous year under the Income-tax Act). The definition is explained in simple terms as
Establishing business in Dubai or company formation is an excellent way to legitimately book international profits without paying any tax. Besides, there are no capital gains or personal income taxes in UAE. G.P.K Tax Consultants Group liaison with clients to set up their business in Dubai. We handle the complete Dubai company formation process – strategic recommendations, negotiations with local stakeholders, documentation