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How To Choose A VAT Consultant in Dubai
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Important Guidelines for Correcting Errors or Omission in VAT Returns
Important Guidelines for Correcting Errors or Omission in VAT Returns The UAE FTA issued Decision No.8 of 2024 which outlines the Mechanism for correction of error or omission in the tax return submitted for VAT in UAE (effective from 1…
VAT Executive Regulations Amendment
VAT Update Alert! Amendments On Executive Regulations Effective From 15th November 2024 On 2 October 2024, The UAE Federal Tax Authority released amendments to VAT Executive Regulations of Federal Decree-Law No. 8 of 2017 by publishing Cabinet Decision No. 100…
UAE VAT Rules on Manpower & Visa Facilitation Services
VAT Public Clarification (VATP038) on Manpower & Visa Facilitation Services in UAE On 31 May 2024, the Federal Tax Authority (FTA) issued VAT Public Clarification VATP038 regarding the VAT treatment of manpower and visa facilitation services concerning employment visas and…
VAT on Directors’ Services
Why are Directors’ Services taxable? Directors’ services in the UAE are considered taxable under the VAT system if certain conditions are met. This is because the Federal Tax Authority (FTA) considers some director responsibilities to be a sort of economic…
A 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…
VAT 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…
VAT 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…
VAT 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…
Mastering VAT Submission in the United Arab Emirates
The implementation of Value Added Tax (VAT) in the United Arab Emirates (UAE) in 2018 has a substantial impact on regional enterprises. While VAT has numerous economic benefits, it can be difficult for businesses to ensure effective compliance. Mastering VAT…