Advantages and Disadvantages of VAT in UAE
In this article, we’ll take a close look at the advantages and disadvantages of VAT in the region. Let’s start with… The Advantages of VAT in UAE Value Added Tax …
Value Added Tax
VAT Treatment on Financial Services in 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 …
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 …
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Applicability of VAT on Commercial Property and Real Estate in UAE
Any person who has recently purchased a new property in the UAE for commercial use or renting purposes should register for VAT. For registration of VAT, a taxable person can …
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TRN Verification – How to Check Validity of Tax Registration Number?
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 on Real Estate Market in UAE
The UAE, since January 1st of 2018, implemented Value Added Tax or VAT. VAT is levied on certain products and services, including property transactions that occur across the country including …
How to Claim Input VAT on Imported Goods in 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 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 …
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VAT On Services Provided Outside UAE
As of January 1, 2018, the UAE Value Added Tax (VAT) was applied to goods and services provided by companies outside of the UAE. This new tax law was set …