Best Taxation Courses Dubai Near Me

4worldlovers: We have significant experience assisting our clients with complicated, international tax issues.

The following list represents some of the areas in which we have provided both planning and compliance services for our clients:

Blocked income reporting for deferral of tax in currency restriction situations

Donations to foreign charities by US private foundations via expenditure responsibility grants

Income tax treaty analysis for various issues including determination of residency, re-sourcing of income to avoid double taxation, reduction or exemption of tax

Determination of residency for income tax purposes for foreign nationals including optimization of elections for first and last year of residency

Social Security tax implications to compensation of foreign nationals and US expatriates including application and analysis of Totalization agreements

Foreign tax credit optimization including analysis of paid versus accrued methods and maximizing foreign source income

Optimization for US expatriates including analysis of foreign tax credit versus foreign earned income exclusions

Reporting of foreign rental properties including proper depreciation methods and treatment of rental of a principal residence

Reporting and planning for US real property interests by nonresidents including applications for reduction/exemption from withholding on sale proceeds

Reporting and planning for nonresidents with US investments or US effectively-connected income

State residency and domicile issues for foreign nationals and US expatriates

Consulting to employers of international assignees relating to tax equalization policy development and application, tax planning for international assignments including coordination with tax advisors in local jurisdictions, compensation structuring, payroll reporting and employee education and tax return preparation

Given the uniqueness of the U.S. Tax Code, we are perfectly positioned to assist American Citizens, American Permanent Residents (Green Card holders) and American companies who want to expand to Asia with:

For American Citizens, American Permanent Residents (Green Card holders) and American companies already in Asia and Europe, we can assist with U.S. tax issues including -

US Tax Amnesty – both Offshore Voluntary Disclosure (OVDP) and US Streamlined Tax Amnesty

As an American or Green Card holder living in the UAE

As an American or Green Card holder living in the UAE, taking care of your U.S. taxes can feel like a complicated task. Knowing which tax rules affect you and understanding your options is a lot to stay on top of.

Living in Dubai and the UAE (United Arab Emirates) is an incredible experience for a variety of reasons – the architecture, culture, nightlife, and shopping to name but a few. As an American expatriate living in Dubai or the UAE though, what exactly do you need to know regarding filing US expat taxes?

For thousands of U.S. citizens working in the UAE, filing U.S. taxes comes with new considerations and questions: “Do I have additional information to report to the IRS? How do my Dubai financial accounts affect my filing? What options do I have to reduce my tax bill? How do I file U.S. taxes from the UAE?"

For starters, Americans and U.S. Green Card holders living in the UAE should continue to file a U.S. tax return each year. Working as a U.S. citizen in the UAE can affect your taxes even if you don’t stay for very long. For example, if you earn income while on a short-term assignment, you’ll need to report that income on your U.S. taxes. As you establish deeper financial roots in the UAE, you’ll have more considerations for your American tax filing.

You may need to report your UAE financial accounts and assets. Generally, U.S. taxpayers with more than $10,000 in foreign bank or financial accounts are subject to FBAR filing and reporting requirements. You may also be subject to FATCA reporting requirements if you have assets valued at $200,000 and higher.

All US citizens and green card holders who earn more than $12,550 (in 2021, or just $400 of self-employment income or just $5 if you’re married to a foreigner) anywhere in the world are required to file a US federal tax return and pay taxes to the IRS, regardless of where in the world they live or where their income originates.

The good news is that there is no income tax in Dubai or the UAE. None As an American in the UAE, you’ll only need to file taxes on the U.S. side as the UAE doesn’t tax income.

4worldlovers: Saji George Yohannan Chartered Accountants is established by a team of qualified and experienced professionals in the dynamic city of Dubai, United Arab Emirates. We focus on rendering comprehensive professional services in the areas of

4worldlovers:
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4worldlovers: Emirates Chartered Accountants & Its Associate Professional Firms (Emirates Chartered Accountants Group- ECAG) are ISO 9001-2015 Certified International Chartered Accountants Firms founded in the year 2005 by a team of finance professionals. Headquartered in Dubai with its branches spread across the UAE in Abu Dhabi, Sheikh Zayed Road, and Sharjah. We also have our branches in other parts of the world in the UK, Bahrain & India.

Our core service expertice as a leading Audit Firm in Dubai, UAE.

Internal Audit Service is an independent, objective assurance and consulting activity intended to add value and develop an organization’s operations.

An audit simply refers to examine and give comments on the items verified. Financial audit implies an examination of the books of accounts...

A tax agent is an individual registered with the Federal Tax Authority (FTA) in the UAE. Such Registered Tax Agent in the UAE...