Input Tax Recovery Timeframe in UAE
The UAE Federal Tax Authority has provided the general public a clarification for UAE VAT regulations, particularly on the timeframe for input tax recovery. Key Points Re: Input Tax Recovery …
Value Added Tax
Everything You Should Know About UAE VAT (Tax) Group
The Federal Tax Authority issued a public clarification to provide a guide on tax groups in UAE in relation to VAT. The guide is for businesses in the country that …
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VAT for Businesses Offering Sales Promotions
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 …
Applicability of VAT for Goods Supplied to Designated Free Zones
UAE free zones are special economic zones. They have their own official government laws, including the federal law and the labor ministry laws. For UAE VAT law, VAT is applicable …
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Impact of VAT on Real Estate Market in Dubai
Since the 1st of January 2018, UAE implemented VAT or Value Added Tax which amounts to five percent of the prices of most products and services. Here we discuss the …
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 …
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 …
Frequently Asked Questions about VAT in UAE
The VAT was introduced in UAE in 2018. even though it has been 2 years, There are still some doubts on the minds of people in UAE. Here we list …
How to Check Validity of Tax Registration Number in UAE
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 Guide for Startups 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 …