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VAT & Tax Resources

Self-study material to learn at your own pace.

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Blogs

What Activities Are Subject To VAT In The UAE – VAT Registration

If your business is unsure and inexperienced with the FTA requirements and regulations, it is highly recommended that you get support from an experienced VAT registration specialist. As a registered tax agency we are often requested to resolve submission issues resulting from one or all of the issues listed above. Many requests could have been resolved with assistance at the outset of the process to build a credible basis for the submission.

Voluntary Disclosure vs Reconsideration Form

As a Registered FTA Tax Agency, several questions are usually posed from businesses on the appropriate use of specific processes set out by the UAE Federal Tax Authority. In this blog, we discuss the specific scenario of when Voluntary Disclosure or Reconsideration Form are used.

Voluntary Disclosure vs Reconsideration Form

As a Registered FTA Tax Agency, several questions are usually posed from businesses on the appropriate use of specific processes set out by the UAE Federal Tax Authority. In this blog, we discuss the specific scenario of when Voluntary Disclosure or Reconsideration Form are used.

5 Proven Cost Management Strategies for Business

Business can be tough when supply exceeds market demand. This is the time when businesses should pay closer attention to costs. Ask yourself “how much sales do we need to generate profit of $1” and this simple question will bring into sharper focus of the benefit of having a more effective cost management.

VAT 5 tips for businesses on ‘Starting Up’ by Haroon Juma

Top VAT 5 tips for businesses on 'Starting Up' by Simply Solved's Managing Director Haroon Juma Haroon Juma MD of Simply Solved was invited to speak on the Top VAT 5 tips for businesses on 'Starting Up', hosted by Dubai Eye’s Natalie Lindo on fm 103.8.   If you are...

How can you assure Transactional VAT in your IT system?

Ideally your IT system is the single source of truth for your transactional VAT treatment and reporting. Nevertheless, most enterprises are faced with accuracy challenges where human decision making is required to define transactional tax treatment.

Operating From A FreeZone? VAT Obligations & Opportunities

During the introduction of VAT, impacts to FreeZones were opaque and some confusion persisted across many companies. However, a year later and with precedent and clarifications, the implications are clearer and it may be timely to reassess your company’s obligations for VAT.

Is VAT On All Purchases Recoverable?

VAT is designed as a consumption tax to be borne by the final consumer therefore as a VAT registered business you are eligible to recover VAT on your purchases. However, this does not mean you are able to claim VAT on every purchase, it is deductible and recoverable if it satisfies few conditions.

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Whitepapers

Operating as a Tax Group

Under the UAE Executive Regulations, registering as a Tax Group can provide significant
benefits to businesses reducing the complexities and compliance costs for VAT reporting.
Although the term ‘Group’ implies this provision applies to solely large companies, the UAE economy hosts many businesses that are connected as ‘related parties’ where either one person controls the others, or two or more persons form a partnership and control the others.

Implementing Accounting Software

The Executive Regulations entail greater discipline to record your sales and purchases accurately to file accurate returns and support the provision of financial statements if requested by the Federal Tax Authority. These legal obligations may be at the forefront of your decision to adopt a platform, in this paper we discuss the key tips to help you implement a successful approach.

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Case Studies

Health Care -Transforming Finance Into An Asset

In January 2019, a well established
Dubai Healthcare Provider was contacted by the Federal Tax Authority to submit their tax returns for 2018. Assuming they
did not need to submit returns since they charged 0% for all their services, it came as a surprise to hear they needed to submit regular returns and accumulated
late return penalties.

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