VAT on Directors’ Services
Why are Directors’ Services taxable? The general rule is that directors’ independent service (other than those rendered in the capacity of employee) to their company is considered taxable supply for VAT purposes. The Federal Decree-Law No. (8) of 2017 on …
Read moreA Comprehensive Guide to VAT Registration in the UAE
The United Arab Emirates (UAE) has made the Value-Added Tax (VAT) mandatory for virtually all enterprises today. In light of this, the Federal Tax Authority (FTA) has established guidelines that allow businesses to register for value-added tax (VAT) at no…
Read moreVAT for Real Estate in UAE : Residential Real Estate
Real Estate: Real Estate is generally considered to be property consisting of Land or Buildings and includes: Any area of land over which rights or interests or services can be created; Any Building, Structure or Engineering work permanently attached to…
Read moreVAT Services in UAE | What is VAT?
What is VAT? The UAE Government implemented VAT in the Country from 1st January 2018 at a Standard Rate of 5%. Value added Tax is a tax on consumption levied at each stage of the Supply Chain and ultimately borne…
Read moreVAT Regulation and Refund scheme in UAE
A sharp drop in the price of oil around the world has hit energy-exporting nations, including several countries in the Middle East. Hence, these countries now have to look for alternate forms of revenue generation. In a bid to remove…
Read moreMastering VAT Submission in the United Arab Emirates
The introduction of Value Added Tax (VAT) in the United Arab Emirates (UAE) in 2018 has significantly impacted businesses operating in the region. While VAT offers several benefits for the economy, ensuring proper compliance can present challenges for companies. Mastering…
Read moreVAT Consultant in Dubai
Value Added Tax is a popular form of indirect taxation used by over 180 countries around the world. Due to its implementation in the UAE, the country now has access to an alternate source of funds for the development of…
Read moreHow do I register for VAT in UAE?
How do I register for VAT in UAE? : If your company is registered under the VAT law, it means that your business is acknowledged by the government as a supplier of Goods and Services. Your company also gets authorized…
Read moreHow to submit VAT return in UAE
Value Added Tax (VAT) was started in the UAE with a rate of VAT 5%. The VAT, as a general consumption tax, will apply to the majority of transactions in goods and services. UAE adds VAT on tax registered businesses…
Read moreVAT registration Dubai
An indirect tax levied on all the goods and services consumed is the VAT- Value Added Tax. More than 160 countries throughout the world adopted this. One of the most dynamic countries of the world is the Middle-East country UAE….
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