UAE VAT

Place of Supply of Service Under UAE VAT

Goods and Services Tax - In VAT it is very crucial to determine the place of supply of every transaction. Because, place of supply is the place where supply is considered to have taken place. Taxability on a particular supply depends upon its place of supply. Where place of supply is considered to be in UAE, tax is applicable on […]...

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Brief summary of newly adopted Value Added Tax in UAE

Goods and Services Tax - All GCC Countries have agreed to implement the VAT latest w.e.f. 01.01.2019 and in that direction, have already passed the Framework for common law. The Framework unanimously passed by all GCC Countries is on consumption based model of VAT suggesting that tax shall be imposed wherever value is added to the product in its supply chain....

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Dubai VAT Refund for Tourists

Goods and Services Tax - After levying VAT from 1st January 2018,, Dubai has started process of granting VAT refund to tourists from 18th of November.  Coincidently  after a short family trip at Dubai, I  returned back to India on the very same day and this gave me a chance  to get the first hand experience of the system....

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51 FAQ E-Book-Bahrain VAT

Goods and Services Tax - I was the part of Indian GST implementation. I helped many clients and continue helping. I have worked in UAE VAT implementation with many clients and consulting firms. Since last one year, I am helping Middle East businesses to understand about new VAT regime and continue helping to get VAT registration, compliances on time and continue ...

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Returns and Procedures under UAE VAT

Goods and Services Tax - VAT Return, also known as 'Tax return' is a periodical statement which a registered person needs to submit to the authority. The details and data to be furnished in the VAT return for the purpose of tax are specified in the UAE VAT executive regulations. All the details as required in VAT Return need to be prepared in accordance with the ...

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Recent Posts in "UAE VAT"

Place of Supply of Service Under UAE VAT

In VAT it is very crucial to determine the place of supply of every transaction. Because, place of supply is the place where supply is considered to have taken place. Taxability on a particular supply depends upon its place of supply. Where place of supply is considered to be in UAE, tax is applicable on […]...

Read More

Brief summary of newly adopted Value Added Tax in UAE

All GCC Countries have agreed to implement the VAT latest w.e.f. 01.01.2019 and in that direction, have already passed the Framework for common law. The Framework unanimously passed by all GCC Countries is on consumption based model of VAT suggesting that tax shall be imposed wherever value is added to the product in its supply chain....

Read More

Dubai VAT Refund for Tourists

After levying VAT from 1st January 2018,, Dubai has started process of granting VAT refund to tourists from 18th of November.  Coincidently  after a short family trip at Dubai, I  returned back to India on the very same day and this gave me a chance  to get the first hand experience of the system....

Read More

51 FAQ E-Book-Bahrain VAT

I was the part of Indian GST implementation. I helped many clients and continue helping. I have worked in UAE VAT implementation with many clients and consulting firms. Since last one year, I am helping Middle East businesses to understand about new VAT regime and continue helping to get VAT registration, compliances on time and continue ...

Read More

Returns and Procedures under UAE VAT

VAT Return, also known as 'Tax return' is a periodical statement which a registered person needs to submit to the authority. The details and data to be furnished in the VAT return for the purpose of tax are specified in the UAE VAT executive regulations. All the details as required in VAT Return need to be prepared in accordance with the ...

Read More

Registration Provisions and Procedures under UAE VAT

Being registered under the VAT law means that a business is acknowledged by the government, as a supplier of Goods and Services and is authorized to collect VAT from customers and remit the same to the government. Only VAT registered businesses will be allowed to do the following: Charge VAT on taxable supply of goods and […]...

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UAE VAT: Valuation of Supplies & Transitional Provisions

Valuation of Supplies under UAE VAT Being a completely new form of indirect taxation there are many questions in the minds of the organizations. One of the most important questions is what is valuation of supply under VAT? What will be included in the value of taxable supply on which VAT is calculated? If the […]...

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VAT Impact on Education Sectors in Bahrain VAT

Finally, Decree-48 of Bahrain VAT Law has been approved by Bahrain parliament.  And now industrial, businesses & professional are waiting for Executive Regulation very patiently. After released  VAT Decree Law, now businesses needs to understand their VAT impact on their business.  They need to analyses & understand the VAT req...

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Input Credit and Tax Payments under UAE VAT

VAT in UAE is a general consumption tax which will be levied on the majority of transactions of goods and services unless specifically exempted by the Law. Under this, VAT is charged at every stage of ‘Value Addition’ in the supply chain and the mechanism of Input tax deduction ensures that the businesses act as […]...

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Date and Place of Supply under UAE VAT

The tax which has been levied and needs to be assessed, will require a specific date to be established for the transaction for taxpayer and tax administration to carry out the quantification. This article provides for the manner of determining the Date of Supply. The Date of supply shall not be entirely left at the discretion of the taxab...

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