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 treatment for VAT-free promotions
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 …
VAT Treatment for UAE Transportation Services
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 Tax for Social Media Influencers in UAE
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 …
Understanding VAT in UAE: Should You Deregister?
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 …
Is VAT on Insurance Taxable?
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 …
Certified Tax Agents in the UAE – Your Trusted Tax Compliance Partners
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 …
UAE VAT on Imports and Exports
A business that is involved in importing and/or exporting products requires a full understanding of VAT obligations to ensure legal compliance. How does import VAT work for countries not implementing …
How to Choose a Tax Professional Suitable for Your Business in UAE
A lot of small business owners in the UAE are in need of solid tax advice on a regular basis. Tax allowances, rates, and regulations change constantly in the country. …
Tax-Related Mistakes of Businesses in UAE
Everybody makes mistakes; however, it should never happen on your business taxes. We’ll help you make sure you avoid the most common mistakes most businesses make when dealing with taxes …
