Implementing VAT for restaurants in UAE
VAT Law in UAE mandates vat implementation for restaurants. The main idea behind the implementation of VAT is to increase the number of sources of revenue flow, bring a stable …
Frequently Asked Questions about VAT in UAE
The VAT was introduced in UAE in 2018. even though it has been 2 years, There are still some doubts on the minds of people in UAE. Here we list …
How to Check Validity of Tax Registration Number in UAE
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 …
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Vat Guide for Startups in UAE
There are so many sets of rules and regulations for VAT in UAE. Proper advice from qualified professionals is absolutely necessary, most especially for startups and small businesses. Here is …
VAT Registration for Free Zone 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 …
Goods and Services Eligible for Vat Refund in UAE
Claiming Value Added Tax or VAT back is not a process that is simple and straightforward. There are rules which can be very complex. Not to mention the exceptions to …
Impact of VAT on Real Estate Market in Dubai
Since the 1st of January 2018, UAE implemented VAT or Value Added Tax which amounts to five percent of prices of most products and services. In this article, we’ll highlight …
Important Details for Businesses about UAE VAT Implementation
From January 1 2018, VAT or Value Added Tax are applied to all relevant transactions in each level of the supply chain in United Arab Emirates. Regardless of where it …
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Consequences of Late Filing of VAT Return in UAE
VAT returns are to be submitted by VAT registered businesses in UAE no later than 28th day from the end of a tax period in which is also the settlement …
VAT Expenses that can be Recovered by Businesses
A lot of businesses in the UAE still overlook the potential of VAT expenses that they can recover, most especially the expenses that are made for the business-like conference tickets …