Understanding VAT Treatment on Motor Vehicles in the UAE
Generally, a registered business for VAT purposes in UAE can recover VAT incurred for rental, lease, or purchase of motor vehicles that are used solely for business activities within the …
Year: 2025
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 …
How VAT in UAE Affects Small Businesses?
Value Added Tax or VAT in UAE is an indirect tax that’s chargeable on products and services purchased or sold by businesses in the country. VAT is applicable throughout UAE …
The UAE FTA Public Clarification VAT 2025
The Federal Tax Authority (FTA) of the United Arab Emirates (UAE) recently released a public clarification related to the adjustment of bad debts. How does bad debt adjustment work for …
Penalties for VAT Deregistration in UAE
VAT deregistration in UAE is the cancellation of a taxable entity’s registration for VAT. When the Federal Tax Authority or FTA in UAE approves of the application for VAT cancellation, …
VAT treatment for VAT-free promotions
VATP020 was published by the UAE Federal Tax Authority (FTA) to give the public clarification on the VAT treatment for promotions. It’s intended for businesses that provide clients or customers …
VAT Treatment for UAE Transportation Services
Generally, supplies of goods and services that take place within UAE for VAT purposes are subject to VAT with five percent as the standard rate or zero percent if considered …
The Tax for Social Media Influencers in UAE
Over the past decade, bloggers, online influencers, and vloggers have made a brand-new industry. Take note, it is one that is very lucrative. For many, they’ve started out to be …
Understanding VAT in UAE: Should You Deregister?
A lot of small business owners are considering whether or not the coronavirus (COVID-19) pandemic’s trading impact makes now the right time for VAT deregistration in UAE. When should I …
Is VAT on Insurance Taxable?
Value Added Tax’s (VAT) fundamental nature is that it’s not taxation imposed on businesses. Instead, it’s a type of tax that’s collected by business entities operating in the UAE that …
