Value Added Tax or VAT is considered to be a general tax imposed on the majority of the transactions of goods and services in UAE. The rate of VAT calculated in the UAE is 5%. For example, if the marketing…

The Value Added Tax is an indirect form of taxation levied on almost all services and products in the UAE. Recently, VAT consultants in Dubai have gained prominence as they help young companies deal with VAT regulations in the UAE….

The Oman government has decided to implement the VAT system of taxation. As a result, the Sultanate’s Tax Authority, better known as TA, has published a brochure to help people understand more about the need and importance of VAT. In…

The Oman government is preparing for the introduction of the VAT in the country. As a result, the Tax Authority of Oman has published a brochure containing VAT information for business owners and individuals. At the moment, the Oman Government…

Over the last few years, the UAE’s economy has been growing, expanding and evolving seamlessly. Therefore, specific regulatory changes and reforms have been introduced in recent years to aid this growth. Adding to that list, on Wednesday, the UAE’s Federal…

VAT- A well-known word for all businessmen and ordinaries too. Value Added Tax (indirect tax) simply knows as the VAT is a must for all the goods and services consumed except food care, health items and education. Almost more than…

Dubai, one of the seven Emirates of UAE, is the heart of the business centre as it offers several trade-free zones. VAT, the current tax regime in Dubai came into effect on January 1st, 2018. Indeed, businesses and organizations whose…

Introduction: Value-Added Tax (VAT), the current tax regime for businesses in UAE, took charge from January 1st, 2018. VAT is imposed on the registered businesses and organizations whose taxable supplies and imports exceed AED 375,000 per annum. Also, the standard…

Eligibility, Registration, and Compliance VAT came into existence in the UAE on the 1st of January, 2018 introduced by the Federal Tax Authority (FTA). The companies are since then liable to tax accounting and maintain a healthy tax record. The…

Value Added Tax (VAT) has been the most recent addition to the taxation laws in the UAE. VAT was introduced on the 1st of January 2018 and has been fixed at the rate of 5%. The TRN is also closely…