VAT Updates

Dubai VAT Consultancy, Expenses, FTA, VAT, VAT Updates August 26, 2019

By UAE TAX

VAT Update – Recovery of Cost under VAT

VAT Update – Recovery of Cost under VAT UAE FTA publishes VAT Public Clarifications on recovery of expenses : The challenge in determining the VAT liability for recharges are multi-fold. Taxability of ‘recharges’, typically applicability of VAT is a subject matter of debate and interpretation across the VAT jurisdictions. The…

Dubai VAT Consultancy, FTA, VAT, VAT Updates August 22, 2019

By UAE TAX

VAT Updates on Business Transfers

VAT Updates on Business Transfers: VAT relief on business transfers in the UAE VAT Updates on Business Transfers: This Public Clarification discusses the conditions that have to be met for a transfer to qualify as a transfer of a going concern under Article 7(2) of the Decree-Law. Summary: This VAT…

Dubai VAT Consultancy, FTA, VAT, VAT Updates August 18, 2019

By UAE TAX

VAT Updates – Excise Goods Registration

VAT Updates – Excise Goods Registration: FTA launches new electronic system for registration of excise goods Meant to ensure accuracy and transparency, as well as develop tax system as a whole The Federal Tax Authority has launched a new electronic system for registering excise goods as part of its plans…

FTA, VAT, VAT Updates July 30, 2019

By UAE TAX

UAE VAT Updates – VAT revenues set to grow

UAE VAT Updates – VAT revenues set to grow: UAE VAT collection set to grow 30% to Dh35 billion in 2019 VAT revenues would easily be Dh35 billion-plus this year: Greater compliance due to new legal aspects such as country-by-country reporting and Base Erosion and Profit Shifting (Beps), increased spending…

Dubai VAT Consultancy, FTA, Tax period, VAT, VAT Updates June 23, 2019

By UAE TAX

UAE VAT – Change in tax period

UAE VAT – Change in tax period VAT Update-Change in tax period: Latest FTA Update- change the length of the tax period to half-yearly (6 months) Purpose of the VAT Administrative Exception Form What is a VAT Administrative Exception? : A VAT Administrative Exception is a mechanism which provides registrants…

VAT, VAT Bahrain, VAT Updates April 10, 2019

By UAE TAX

VAT Registration in Bahrain-How to register for VAT Bahrain?

VAT Registration in Bahrain : The first compliance activity for all businesses in Bahrain is to register under VAT. The window for obtaining a VAT registration begins. Businesses must know about who is obligated to register under VAT. Certain businesses are mandatory required to obtain a VAT registration.

VAT, VAT Updates January 20, 2019

By UAE TAX

Foreign business VAT refund

Foreign business VAT refund : The foreign business must not have a place of establishment or fixed establishment in the UAE The Federal Tax Authority (FTA) has outlined four conditions that would allow foreign businesses to recover value-added tax (VAT) incurred in the UAE. To be eligible for the VAT refund,…

FTA, VAT, VAT Updates January 2, 2019

By UAE TAX

Tax audits 2019

Firms should be ready for audits in 2019 Tax audits 2019: UAE businesses should be ready for tax audits by the FTA in order to check their resources and accuracy of record-keeping. The FTA has been sending notifications to companies that they will be audited five working days after the date…

VAT Update – Recovery of Cost under VAT

VAT Updates on Business Transfers

VAT Updates – Excise Goods Registration

UAE VAT Updates – VAT revenues set to grow

UAE VAT – Change in tax period

VAT Registration in Bahrain-How to register for VAT Bahrain?

Foreign business VAT refund

Tax audits 2019

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