Corporate Law : The article explains that 0% corporate tax in UAE Free Zones is not automatic and requires meeting specific conditions. The key ta...
Finance : A summary of the UAE Corporate Tax Law's definitions for related parties under Article 35 and the arm's length principle in Articl...
Goods and Services Tax : Explore the diverse taxation system of the UAE, including VAT, customs duties, excise taxes, and more. Learn about thresholds, com...
Corporate Law : Navigate corporate tax registration in Dubai with ease! Learn essential steps, required documents, and deadlines to ensure complia...
Corporate Law : Embark on a comprehensive journey into UAE Corporate Tax with our series. Understand essentials, effective dates, entities, intern...
Corporate Law : After more than 50 years of inception UAE has decided to implement Corporate Tax in the UAE with effect from 1 June 2023 and as a ...
Understand the UAE VAT Public Clarification VATP029 on Gold Making Charges. Find out when suppliers of gold jewellery need to pay VAT on making charges.
The UAE Ministry of Finance (MoF) on 31 January 2022, announced the much awaited introduction of the Federal Corporate Tax (CT) on business profits that will be effective for financial years starting on or after 1 June 2023. The UAE Corporate Tax regime has been designed to incorporate best practices globally and minimize the compliance […]
The complexities of UAE VAT regime and the Federal Tax Authority or FTA’s current targeting for tax evasion and avoidance means tax disputes are increasingly arising. There will be instances wherein you disagree with an assessment or decision that is made by the local tax authority. If you are in complete disagreement with a certain […]
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 […]
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.
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.
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 spreading knowledge through various channels.
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 VAT Return format issued by the authority.
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 […]
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 […]
