Tax Updates in the UAE – What you need to know?
HLB HAMT Partner Jay Krishnan, has detailed some important updates on VAT applicability for real estate, medical equipment, ESR and excise tax in our latest edition of our Insight supplement.
Public Clarification on Dubai Owners’ Associations and Management
Dubai Owners’ Associations were required to apply for VAT deregistration..
Saudi Arabia Increases VAT to 15%
Saudi Arabia has decided to triple its VAT, from 5 percent to 15 percent. The measure is being taken to support the coronavirus-hit economy and it will be effective from...
VAT on UAE Education Sector
It has been 2 years since UAE introduced VAT and the implementation has been successful so far. But people are still sceptical about the whole process and its application across...
Timeframe for recovering Input Tax
The Federal Tax Authority has issued a Public Clarification (VAT P017) for “TimeFrame for recovering Input Tax”. This Public Clarification clarifies the FTA’s position relating to
Excise Tax in the UAE – What you need to know
The UAE government is continuing to show leadership when it comes to clamping down on unhealthy products being produced for human consumption following its decision to double the number of...
Excise Tax in UAE – Scope Expansion
The UAE has decided to implement excise tax on all e-cigarettes, e-liquids and several soft drinks. The government had initially planned to introduce the rule from the beginning of next...
Regulation of the submission of reports by multi-national companies in UAE
The United Arab Emirates (UAE) has introduced Country-by-Country (CbC) Reporting (CbCR) requirements, that will be applicable to businesses that have a legal entity
UAE, KSA Double Taxation Avoidance Agreement in Force
The double taxation agreement between the UAE and KSA is in force now. The agreement, which was signed in May 2018, came into effect in April 2019, nearly a year...