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…
The Federal Tax Authority UAE does not charge income tax on individuals. This is ideal for freelancers and self-employed individuals in the UAE. The branches of the foreign banks are taxed 20% in most of the UAE. The capital gains…
Businessmen who have a minimum annual income of Dh 375000 have the mandate to register for VAT in about 30 days. All the required documents and the declaration form must be filed properly. The documents include the import and export…
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 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…
All about VAT: 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….
Value Added Tax (VAT) had been the latest addition to the taxations in UAE which was implemented on the 1st of January 2018. While various jurisdictions have different guidelines and exemptions regarding personal tax and company taxes, VAT had…
VAT consultants in Dubai Introduction: 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….