There are many foreign unregistered companies that visit UAE temporarily to do business legally under certain circumstances. Businesses have to pay taxes as Value Added Tax or VAT in the …
Read MoreVAT Refund for Visiting Unregistered Foreigner Businesses in UAE
As of January 1, 2018, the UAE Value Added Tax (VAT) was applied to goods and services provided by companies outside of the UAE. This new tax law was set …
After getting successfully registered with the Federal Tax Authority in UAE, a TRN Tax registration number is issued. It is a distinctive recognition number allotted to each VAT-registered person or …
Read MoreTRN Verification – How to Check Validity of Tax Registration Number?
As per UAE VAT law taxpayers should file VAT returns with Federal Tax Authority on a quarterly basis, and pay as per the procedures specified in the VAT legislation. VAT …
Majority of businesses is hiring VAT consultants in UAE for VAT return filings. However, hardly any know much about these professionals or how to choose the right tax preparers. Almost …
A new Public Clarification, VATP029, was issued by UAE Federal Tax Authority (FTA) to provide clarity and further insight on VAT Treatment of gold items and making charges under Federal …
Read MoreUAE VAT Guide on Supply of Gold Items and Making Charges
Value Added Tax in UAE is an indirect tax that’s charged to products and services. There are three different rates for VAT that are applied to products and services. The …
Instead of undergoing separate VAT registration in UAE, businesses can register VAT as a tax group. The main advantage of registering as a tax group is it saves costs. It …
The golden rule that applies to VAT refund for exports is that exporters can only submit a claim for products and/or services that are used exclusively and wholly for their respective …
What do we understand by VAT in UAE? VAT was introduced in United Arab Emirates as a new source of income for the economy’s benefit with a notable aim to …