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…

As a business operating in the United Arab Emirates, navigating the VAT framework established by the Federal Tax Authority (FTA) is essential for maintaining compliance and avoiding financial penalties. KGRN Chartered Accountants provides expert VAT registration services tailored to UAE-based…

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…

The Federal Tax Authority (FTA) has extended VAT filing date in UAE by issuing a directive on an exceptional basis providing an alternative date of May 28, for the deadline of submitting VAT returns and the payment of due tax…

Vat in UAE registration criteria In the United Arab Emirates (UAE), firms must assess their eligibility for VAT registration using specified criteria established by the Federal Tax Authority (FTA). A business must register for VAT if its taxable supplies and…

Value added tax (VAT) Value added tax or VAT in Dubai is a tax on the consumption or use of goods and services collected at each purpose of sale. VAT firms in Dubai  is a form of indirect tax and…

All firms are obliged to file a VAT return that includes information on sales, purchases, output VAT, and input VAT paid during the government expense period. The output VAT is the amount collected on transactions, and the input VAT is…