Interesting Facts about VAT in the UAE
As an indirect, transactional type of taxation, Value Added Tax (VAT) has a significant impact on the entire business operations. A company in UAE must ensure all relevant employees possess …
VAT for Businesses Offering Sales Promotions in UAE
In the UAE, it’s absolutely crucial for businesses to understand tax treatments under VAT legislation. Recently, the FTA issued a warning to the general public on VAT-Free Promotional Products. Vat …
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 …
VAT Guide for Startup Business 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 …
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 …
What Businesses Should Know About Voluntary VAT Registration in UAE
In the United Arab Emirates (UAE), registration for VAT is not compulsory for every business entity. While there are businesses that are required by the FTA or Federal Tax Authority …
VAT in UAE During Coronavirus Pandemic
Apart from being concerned regarding the staff’s health and welfare, business owners in the UAE are worried about the impact of the coronavirus (COVID-19) pandemic on the health of their …
The Effect of Coronavirus (COVID-19) Pandemic on VAT Measures
The global outbreak of coronavirus (COVID-19) has significantly affected businesses as well as their staff members. Hence, several different countries across the globe are taking appropriate measures. United Arab Emirates …
VAT for Businesses in UAE Operating in a Designated Zone
Businesses in the UAE are experiencing material exposures from penalties and tax assessments due to incorrect application of regulations for designated zones in UAE, either due to the supplies or …
Top Financial Mistakes SMEs in UAE Make
When running a business in the UAE, a huge part of its success is the proper budget allocation. Also, it is required of a business to maintain a healthy bottom …
