VAT Impact on E-Commerce Business in the UAE
As per the latest clarification from the FTA on July 31 2023, regarding e-commerce, the Federal Tax Authority (FTA) has emphasized that taxpayers must adhere to precise, emirate-specific Value Added …
Value Added Tax
VAT in the UAE: FAQs
In this article, we deal with the frequently asked questions about VAT in UAE issued in accordance with Federal Decree Law (8) of 2017. This guide combines common questions businesses …
Tax Credit Note Under UAE VAT Law
Tax credit note under UAE VAT law means the the document which records any amendment to the taxable supplies, whether by reduction (in the case of giving a discount) or …
The Most Common Errors Made While Filing a VAT Return in the UAE
The VAT was introduced in the UAE in the year 2018. The businesses in the UAE are required to comply with the guidelines issued by FTA for VAT. Filing for …
VAT Liability for Transportation Services in the UAE
VAT is a consumption tax applied on goods or services in the UAE. The standard VAT rate is applicable to transportation services in the UAE for all kinds of private …
Recovery of VAT for Entertainment Expenses of Employees in UAE
As per UAE VAT law, there are expenses wherein tax may or may not be recovered. The UAE, Federal Tax Authority published a clarification for certain expenses incurred for employees, …
Advantages and Disadvantages of VAT in the UAE
In this article, we’ll take a close look at the advantages and disadvantages of VAT in the region. Advantages of VAT in UAE Value Added Tax was implemented by the …
VAT Treatment on Financial Services in the 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 …
