Everything You Need to Know About VAT on Construction in UAE
While supplies that are related to new building construction in the UAE are zero-rated for the purpose of VAT, supply of buildings (either by lease, rental, or sale) and bare …
Value Added Tax
Tips to ensure your business is audit-ready
A Federal Tax Authority (FTA) tax audit in the UAE is an in-depth review of an organization or individual’s financial information and accounts. Tax audits conducted by officers from the …
VAT On Supply of Services in UAE
Is your business in UAE registered for VAT? Make sure you’re fully aware of the different VAT rates that are applicable to the transactions of your business, particularly for sales …
Understanding VAT Treatment on Motor Vehicles in the UAE
Generally, a registered business for VAT purposes in UAE can recover VAT incurred for rental, lease, or purchase of motor vehicles that are used solely for business activities within the …
FTA to Reduce Fines for 16 Types of Administrative Penalties
In order to facilitate filings of accurate tax returns in UAE by the 27th of June, 2021, the Federal Tax Authority (FTA) announced relief for businesses through reduced penalties. Sixteen …
The UAE FTA Public Clarification VAT 2025
The Federal Tax Authority (FTA) of the United Arab Emirates (UAE) recently released a public clarification related to the adjustment of bad debts. How does bad debt adjustment work for …
Penalties for VAT Deregistration in UAE
VAT deregistration in UAE is the cancellation of a taxable entity’s registration for VAT. When the Federal Tax Authority or FTA in UAE approves of the application for VAT cancellation, …
VAT treatment for VAT-free promotions
VATP020 was published by the UAE Federal Tax Authority (FTA) to give the public clarification on the VAT treatment for promotions. It’s intended for businesses that provide clients or customers …
VAT Treatment for UAE Transportation Services
Generally, supplies of goods and services that take place within UAE for VAT purposes are subject to VAT with five percent as the standard rate or zero percent if considered …
The Tax for Social Media Influencers in UAE
Over the past decade, bloggers, online influencers, and vloggers have made a brand-new industry. Take note, it is one that is very lucrative. For many, they’ve started out to be …
