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 …
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 …
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 …
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 …
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 …
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 …
From January 1 2018, VAT or Value Added Tax are applied to all relevant transactions in each level of the supply chain in United Arab Emirates. Regardless of where it …
Apart from being concerned regarding the staff’s health and welfare, business owners in the UAE are worried about the impact of the coronavirus (COVID-19) pandemic on the health of their …
Federal Tax Authority has imposed VAT Fines and Penalties in UAE for violations pertaining to Value Added Tax laws. Businesses in UAE has to abide by the regulations that are …
Business owners have a lot of complexities to manage. They have spent time in shaping their businesses and crafting their goals. As revenue starts trickling in and everything going as …
A common question asked within the tax community is this: is sales tax different from value-added tax or VAT? In order to answer this particular question, let us outline their …