Public Clarification on Dubai Owners’ Associations and Management
Dubai Owners’ Associations were required to apply for VAT deregistration..
Voluntary VAT Disclosures can Result in Huge Penalties
UAE based businesses will have to pay penalties for voluntary disclosures, from the date of the original VAT return in which the error
VAT for E-commerce in UAE
The citizens and business owners in the UAE are still processing the thought of being a VAT payer; it is applicable to every entity which has a minimum turnover of...
VAT Errors and ways to Rectify them
When a person fails to charge and account for the correct amount of output VAT or does not recover the correct amount of input tax, it is considered as an...
Refund of VAT Paid on Goods and Services Connected with Expo 2020
Expo 2020 is a platform that promises creativity, innovation, and cultural diversity. With just months to go for the most awaited event, there is an air of uncertainty with regards...
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
Taxation in UAE
UAE is basically known to be tax-free country, and this was true to a great extent, until the introduction of Value added tax. VAT was introduced in UAE on 1st...
Implications of VAT on New Entities in UAE
The VAT is a relatively new concept in UAE and hence it is imposing numerous challenges on entities that are new in UAE. Our article gives assistance for vat implementation...