Impact of VAT on Real Estate Market in Dubai
The Value Added Tax has greatly impacted the real estate property business in the UAE. The sector has undergone a number of modifications as a result of this consumption tax, …
Deregistering or Cancelling VAT Service in UAE
In general, TRN termination in UAE is the result of VAT deregistration or cancellation. In order to deregister for VAT (deregistration of VAT), the business has to cancel the registration …
VAT implementation requirements UAE: Guide for the businessmen on how to register for VAT in UAE
Among its measures of the diversification strategy of revenue, the United Arab Emirates (UAE) implemented the Value Added Tax (VAT) policy on 1st January 2018. Commonly charged at 5% this …
VAT on Insurance UAE
When it comes to VAT, there are some exemptions and zero-rated supply, but generally speaking, all goods and services are subject to VAT at the regular rate of 5%. Services …
Documents Needed in the UAE for Corporate Tax Registration
CTRN or Corporate tax Registration Number from the Federal Tax Authority is mandatory for all companies now that the corporate tax system in the UAE began with implementation from 1 …
VAT Audits in UAE: Best Practices for Ensuring Compliance and Avoiding Penalties
VAT audits in the UAE are supervised by the Federal Tax Authority (FTA) to ensure that all the financial statements and documents provided by the companies are accurate and up-to-date. …
