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 …
Read MoreUAE Introduces VAT Changes in Gold & Diamond Sector
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 …
Read MoreApplicability of VAT on Commercial Property and Real Estate 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 …
Read MoreTRN Verification – How to Check Validity of Tax Registration Number?
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 …
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 …
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 …
Read MoreVAT Refund for Visiting Unregistered Foreigner Businesses in 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 …
Majority of businesses is hiring VAT consultants in UAE for VAT return filings. However, hardly any know much about these professionals or how to choose the right tax preparers. Almost …
A new Public Clarification, VATP029, was issued by UAE Federal Tax Authority (FTA) to provide clarity and further insight on VAT Treatment of gold items and making charges under Federal …
Read MoreUAE VAT Guide on Supply of Gold Items and Making Charges
The golden rule that applies to VAT refund for exports is that exporters can only submit a claim for products and/or services that are used exclusively and wholly for their respective …