Treatment of VAT on Discounts
VAT in UAE has confused businesses over discounted business invoices. The discount concept is not new for businesses, but VAT calculation for these discounted invoices is new. Discount is termed …
Month: December 2019
List of Input Expenses in Which VAT is Blocked
Every business has certain expenses that are incurred on a day to day basis. With the introduction of VAT in UAE, certain types of expenses of businesses are not allowed …
Reasons for Hiring VAT Consultants
Vat Consultants in UAE Value Added Tax (VAT) consultants are certified experts who offer comprehensive Tax Services for VAT Registered Businesses in UAE. They can educate businesses on the financial …
What is the Differences between Excise Tax and VAT in the UAE?
The government of UAE introduced excise tax and VAT at almost the same time between 2017-2018 in the UAE. Excise tax and VAT are forms of indirect tax levied on …
Output VAT Adjustments
Output tax is VAT that is calculated and charged on the sale of goods and services from your VAT registered business. A special provision is incorporated to UAE VAT law …
