Best Tax agent in Dubai
Tax Definition :
“Tax is an obligatory contribution (Financial charge) from the Person (individual, company, firm, and others) to the government to meet the expenses incurred in the common interest of Society.”
“Tax is imposition financial charge which levied upon a taxpayer by Government authorities for benefit of people in the country”
What do you understand by the term Tax?
In simple words, It is the part of our income which the Government collects from us and provides several facilities like, water and drainage system, school facility, medical facilities, construction of roads and dams and so on. Tax is a compulsory payment or contribution levied by the government authority on individuals or companies to meet the expenditure which is required for the welfare of society. AHG is the Best Tax agent in Dubai.
Characteristics of Tax:
It is a compulsory contribution.
- It is a contribution for the benefit of society.
- It is a personal responsibility.
- A tax is paid out of the total income of the taxpayer.
- A tax requires legal sanction.
Difference between Direct Tax and Indirect Tax
What are the various heads of Taxable Income?
There are Five Heads of Income
- Income from Salary
- Income from House Property
- Income from profits and gains of Business or Profession
- Income from Capital gains
- Income from Other Sources.
Why Do We Need to Pay Taxes?
There is an old saying that goes “the only sure things in life are death and taxes.” Taxation has been a feature of society going back to ancient times. The role of taxes is to help governments fund various undertakings such as public works, infrastructure, and wars. Today, taxpayer dollars are still used for a variety of similar purposes. AHG is the Best Tax agent in Dubai.
Which Countries Have Zero Income Tax?
Only a handful of countries have 0% income tax. These include Saudi Arabia, United Arab Emirates, Oman, Kuwait, Qatar, Bahrain, the Bahamas, Bermuda, and the Cayman Islands. Many of these are Arab oil-producing nations that subsidize their budgets with exports rather than taxes. These nations also feature relatively high sales taxes and/or corporate tax rates. AHG is the Best Tax agent in Dubai.
TAX Agent In Dubai UAE: Federal law No. 7 of 2017 on Tax procedures -Chapter Two from Article No.12 till Article No. 16 identified who can be Tax agent and what is the procedures and rehabilitates of the Tax agent , and at the Cabinet Decision No 36 of 2017 identify that :
Tax Agent: Any Person registered with the Authority in the Register, who is appointed on behalf of another Person to represent him before the Authority and assist him in the fulfillment of his Tax obligations and the exercise of his associated tax rights. AHG is the Best Tax agent in Dubai.
AHG as registered Tax agents in Dubai provides creative tax consulting services to a broad range of individuals and businesses. Our strong technical understanding of the tax laws is backed by a solid understanding of your business dynamics, with more than 30+ years of Practical Experiences, Dealing thousands of times with Tax Inspectors & our Multilingual team we can give you the best tax advice. as that AHG is the Best Tax agent in Dubai.
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If you need any tax services or tax consultancy, you won’t find better than AHG Legal Accounts. Each of our teams has extensive experience in this field and will provide you with the best services in a professional manner. Please feel free to contact us today, we are always waiting for your request to be fulfilled!
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