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 more…

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…

IFRS 16 Tax impact of the new leasing standards IFRS 16 on leases became compelling 1 January 2019. Given this new standard, accounting disclosures for operating leases have also been affected. IFRS 16 Tax impact realize huge changes to both…