UAE to implement Corporate Tax from 2023
The United Arab Emirates has decided to introduce federal tax on corporate revenues for the financial year starting on or after June 2023.
Influencer Marketing and its VAT obligation in the UAE
We’re influenced by what we see and aesthetics are no different. 2021 redefined the role brands play in consumers’ lives,
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
Oman to announce 5% VAT from April
Oman has been facing severe economic crisis even before the spread of the COVID-19 pandemic and the fall of the crude oil prices.
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...