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 …
An Essential Guide to VAT Obligations for Businesses in UAE
Value Added Tax (VAT) in UAE was affected in 2018, subsequently, businesses are compelled to comply with the VAT regulation and standards. Thus, it is advisable for taxable persons to …
VAT Treatment on Financial Services in the UAE
Understanding how Value-Added Tax (VAT) is treated on financial services in the UAE is critical for businesses operating within the jurisdiction. Thus, it is advisable to seek the expert services …
VAT Registration Process for Amazon Companies in UAE
The VAT registration process in UAE is often a complex task for companies, thus it is imperative for taxable persons to seek the expert services of UAE tax consultants to …
Amended VAT Treatment for Director Services
In order to make certain changes to the Federal Regulation (No. 8 of 2017) on VAT, the UAE government issued the Federal Regulation No.18 of 2022 on VAT. On 21 …
UAE Introduces VAT Changes in Gold & Diamond Sector
Corporations buying gold and diamonds are compelled to remit VAT at the moment of the sale in the VAT system. The FTA has opted to use the reverse charge method …
VAT Registration of Foreign and Local Company Branches in UAE
The UAE Federal Tax Authority (FTA) announced the soon-to-commence registration of foreign and local company branches in the UAE for value-added tax (VAT). All businesses operating in the UAE, including …
How to Claim Input VAT on Imported Goods in the UAE
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 …
VAT Filing for Startups in UAE: A Quick Rundown
What is VAT Return Filing? VAT return filing is the submission of VAT returns. VAT-registered businesses in UAE are required in submitting details of transactions that are relevant to all …
VAT Refund for Visiting Unregistered Foreigner Businesses in UAE
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 …
