Requirements for Issuing a Tax Invoice in the UAE
A tax invoice can be defined as a written document that proves the occurrence of taxable supplies and their details. An original copy of this invoice is delivered by VAT-registered …
Month: June 2021
Tips to ensure your business is audit-ready
A Federal Tax Authority (FTA) tax audit in the UAE is an in-depth review of an organization or individual’s financial information and accounts. Tax audits conducted by officers from the …
VAT On Supply of Services in UAE
Is your business in UAE registered for VAT? Make sure you’re fully aware of the different VAT rates that are applicable to the transactions of your business, particularly for sales …
FTA to Reduce Fines for 16 Types of Administrative Penalties
In order to facilitate filings of accurate tax returns in UAE by the 27th of June, 2021, the Federal Tax Authority (FTA) announced relief for businesses through reduced penalties. Sixteen …
