Requirement for VAT return filing in UAE
As per UAE VAT law taxpayers should file VAT returns with Federal Tax Authority on a quarterly basis, and paid as per the procedures specified in the VAT legislation. VAT …
What is the Differences between Excise Tax and VAT in the UAE?
The government of UAE introduced excise tax and VAT at almost the same time between 2017-2018 in the UAE. Excise tax and VAT are forms of indirect tax levied on …
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Output VAT Adjustments
Output tax is VAT that is calculated and charged on the sale of goods and services from your VAT registered business. A special provision is incorporated to UAE VAT law …
Recovery of VAT for entertainment expenses of employees in UAE
As per UAE VAT law, there are expenses wherein tax may or may not be recovered. The UAE, Federal Tax Authority published a clarification for certain expenses incurred for employees, …
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Recovery of input VAT on the expenses
The VAT law in the UAE provides provisions which allow business to recover VAT paid for in certain expenses. The input VAT can be recoverable for any tax period if …
Common Mistakes made by SME for VAT filing in UAE
Number of small and medium sized enterprises find it difficult to cope with the newly introduced VAT system Some of the most common mistakes made by small and medium companies …
Applicability of VAT for Rendering Services to a Designated Zone in UAE
The Federal Tax Authority has published a guide on VAT registration for designated zones. The issuance of this guide is important as it also provides more clarity on application of …
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VAT Registration Process for Tax Group in UAE
Businesses in the UAE can register as a tax group instead of undergoing separate registration provided that they are the equal in an economic, regulatory, and financial level. The main …
Steps and Requirements for VAT Registration in UAE
VAT Registration in UAE allows businesses to pay and reclaim tax. After the implementation of VAT in UAE, all companies’ financial records are accurate and up to date as per …
Implementing VAT for restaurants in UAE
In UAE, VAT Law has been passed that mandates the restaurants to implement VAT charges on the goods or services delivered. The main idea behind the implementation of VAT is …