Understanding VAT in UAE: Should You Deregister?
A lot of small business owners are considering whether or not the coronavirus (COVID-19) pandemic’s trading impact makes now the right time for VAT deregistration in UAE. When should I …
Value Added Tax
Is VAT on Insurance Taxable?
Value Added Tax’s (VAT) fundamental nature is that it’s not taxation imposed on businesses. Instead, it’s a type of tax that’s collected by business entities operating in the UAE that …
Certified Tax Agents in the UAE – Your Trusted Tax Compliance Partners
The implementation of an advanced tax system requires qualified human competencies capable of navigating the tax requirements imposed on the public by the tax legislation. Therefore, in 2018 the Federal …
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. …
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 …
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 …
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 …
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 …
Outsource VAT Accounting
Today, a lot of companies in the UAE are operating with lean budgets, due mostly to the impact of the COVID-19 pandemic on the economy. Outsourcing administrative tasks such as …
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 …
