VAT on Imports and Customs Duty
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 …
Value Added Tax
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. …
Read MoreHow to Choose a Tax Professional Suitable for Your Business in UAE
Difference between Zero-Rated and VAT-Exempt
When charging Value Added Tax or VAT in UAE, rates that are charged greatly depend on what the products or services are. The majority of items in the country are …
Reverse Charge Mechanism Under VAT in UAE
With VAT compliance in UAE, the VAT reverse charge mechanism is oftentimes overlooked. Although it is part of accountability for VAT in UAE, most businesses fail in recognizing it which …
Filing a return for VAT for Small Businesses
Running a small business in UAE is difficult enough without considering the complexity of having to file VAT returns (tax return filing) on a regular basis. What we always recommend …
How to Reduce VAT Penalties in UAE
VAT penalties imposed on small businesses in the United Arab Emirates (UAE) can be very serious. Consequences are grave, which is why it is best to have the right measures …
How to Charge VAT in UAE
If you are running a VAT-registered business in UAE and you know exactly the rates that apply to different products and services, then you are ready to begin charging Value …
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 …
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 …
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 …
Read MoreEverything You Should Know About UAE VAT (Tax) Group