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 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, …
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 …
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 golden rule that applies to VAT refunds for exports in UAE is that exporters can only submit a claim for products and/or services that are used exclusively and wholly …
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 …
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 …
Oman issued Royal Decree (No 121) of 2020 on the 18th of October 2020 regarding the implementation of VAT in Oman starting on the 16th of April 2021. Consistent with …
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 …
The implementation of an advanced tax system requires qualified human competencies capable of navigating the tax requirements imposed on the public by the tax legislation. Therefore, in 2018 the Federal …
Value Added Tax or VAT is payable at the point of importation to the UAE. Any imported good is liable to VAT with the same rate which applies to a …