VAT for Freezone Companies in UAE
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 …
How to Claim VAT Refund For Exports in Dubai, UAE
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 …
VAT Late Filing Penalty in UAE
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 …
Determining VAT Implications on Change in the Permitted Use of a Building in UAE
In the UAE, selling and leasing buildings is widespread because the real estate sector is very prominent in the region. As per the VAT guidelines, the commercial buildings and their …
Read MoreDetermining VAT Implications on Change in the Permitted Use of a Building in UAE
VAT implications on Donations, Grants, and Sponsorships in UAE
The businesses perform certain activities like donations, grants, and sponsorships as a part of their corporate social responsibilities. In UAE, these activities need to be classified in order to understand …
Read MoreVAT implications on Donations, Grants, and Sponsorships in UAE
The most common errors made while filing a VAT return in the UAE
The VAT was introduced in the UAE in the year 2018. The businesses in the UAE are required to comply with the guidelines issued by FTA for VAT. Filing for …
Read MoreThe most common errors made while filing a VAT return in the UAE
Guide to Input VAT Recovery on Mobile Phones, Data Packs Provided to Employees in the UAE
What does the law on input VAT recovery on mobile phones, airtime and data packs in the UAE say? As per the tax law, a taxable person is allowed to …
Read MoreGuide to Input VAT Recovery on Mobile Phones, Data Packs Provided to Employees in the UAE
Which Real Estate Transactions Are Exempt from VAT in the UAE
The real estate transactions that are exempt from VAT in the UAE and how VAT registration UAE can help you in filing your VAT returns for the real estate transactions …
Read MoreWhich Real Estate Transactions Are Exempt from VAT in the UAE
Your Guide to VAT Obligations for Businesses in the UAE
The year 2022 marks the fourth year since VAT was introduced in the country. The business in the UAE is supposed to comply with the VAT guidelines and we at …
Read MoreYour Guide to VAT Obligations for Businesses in the UAE
Guide on Deregistering or Cancelling VAT Registration 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 …
Read MoreGuide on Deregistering or Cancelling VAT Registration in UAE