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.
VAT Applicable for Services Provided by Artists and Influencers in UAE
Artists and influencers in UAE will not be exempted from VAT anymore. The FTA has come up with a bulletin that discusses about the applicability of VAT on artists and...
VAT: Transfer of a Business as a Going Concern
Even though it has been quite a while since UAE introduced VAT, new clarifications keep coming and businesses need to be aware of these.
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...