A late VAT return in the UAE triggers a fixed administrative penalty of AED 1,000 for the first offence and AED 2,000 for a repeat within 24 months. If you also pay the VAT late, the Federal Tax Authority adds…
Effective January 1, 2026, the Ministry of Finance (MoF) has announced significant amendments to its Value Added Tax (VAT) framework. These changes aim to streamline administrative processes, enhance compliance, and align the UAE’s tax system with international best practices. For…
In the dynamic UAE real estate market, Value Added Tax plays a significant role in shaping financial outcomes for property owners, investors, and developers. Introduced in 2018, VAT at a standard rate of five percent applies to various goods and…
Find expert tips on choosing the right VAT consultant in Dubai. Stay compliant, avoid penalties, and improve cash flow with KGRN’s FTA-registered VAT services.
Overview Summary Correcting errors in UAE VAT returns requires prompt action through adjustments in subsequent returns for minor issues or Voluntary Disclosure (Form VAT 211) for material ones. Under 2026 rules influenced by Federal Decree-Law No. 17 of 2025 and…
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…
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…
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…
In the UAE, VAT registration is no longer an afterthought; it’s a basic compliance requirement that will have an impact on a business’s legal status, cash flow, and reputation in 2026. The Federal Tax Authority (FTA) started charging a standard…
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…
