VAT & Tax Resources
Self-study material to learn at your own pace.
The Cabinet Decision addresses a wide range of updates to the Tax Procedures affecting taxpayer obligations and processes subject to FTA enforcement.
If your business is subject to an FTA audit, we have experience and understanding with a structured approach to assess, prepare and support you through the audit procedures.
The UAE has issued Cabinet Resolution No. (85) of 2022 (Resolution) on determining tax residence in the UAE.
UAE VAT Registration is required provided that the value of the taxable supplies as well as any other taxable services & import transactions exceed the mandatory tax registration threshold.
In total, 24 articles were changed & one article on the statute of limitation was added to the UAE VAT Law representing some important changes to the Legislation.
From 1 March 2022, the window is open for qualifying non-United Arab Emirates (UAE) established businesses to submit applications under the UAE Business VAT Refunds scheme.
On 31 January 2022, the UAE MoF announced the introduction of a federal corporate tax. Under this announcement, CT will be effective for financial years starting on or after 1 June 2023.
The Federal Tax Authority (FTA) introduces administrative penalties installments and waivers scheme under the Cabinet Decision no. 105 of 2021 on the Procedures of Administrative Penalty Installments and Waivers.
Under this amendment, the new amendments introduce a series of developments and enhancement plans for tax legislation and procedures.
If you are not eligible for VAT registration, you can apply with the Bureau Expo 2020 Dubai for a Certificate of Entitlement and VAT refund.
Under the Executive Regulations and Tax Procedures Law, VAT Deregistration is eligible under two scenarios: Voluntary and Mandatory.
Under the Executive Regulations Title Five – Profit Margin Scheme Article 29, Accounting for Tax on the Margin, specific provisions have been established to enable VAT to be correctly charged on specific goods.
FTA Clarification VATP026 - VAT registration of ‘Sole Establishments' The VAT Legislation Under the VAT legislation, there has been some ambiguity...
VAT News - UAE Tax Penalty Update April 2021 The UAE Cabinet of Ministers issued Decision No. 49/2021 amending provisions of Cabinet Decision No....
FTA Tax Audits are likely to increase. In this blog, we discuss the key questions that better answer the key questions surrounding an FTA Tax audit.
During the course of submitting your VAT returns, your business may be in a VAT refunds position that enables you to claim a refund from the FTA.
The TRN Verification or Tax Verification is an essential check to assure the person charging VAT is eligible to do so and is formally registered with their accurate details with the UAE FTA.
VAT Obligations for FreelancersOperating as a freelancer in the UAE has become much easier during the last few years. The UAE has introduced several...
Country Based Government Tax Measures All major economies during the current COVID-19 crisis have taken some form of action to support local...
If you have been wondering whether a certified tax agency in the UAE is the best choice to help you keep your taxes in order, the answer is yes.
The UAE Double Tax Treaty is the UAE Government’s way in seeking to establish a competitive and dynamic economy to attract attractive investments.
Here are some important considerations to get a better understanding of UAE VAT Registration. Get support from an experienced VAT Registration specialist.
Are you in the position of being confident that everything is compliant to the UAE VAT law and then suddenly get fined because of noncompliance; and it turns out that it is something so simple that could have been easily avoided?
As a Registered FTA Tax Agency, we discuss the specific scenario of the UAE VAT Voluntary Disclosure vs Reconsideration Form used by the FTA.
Top 5 VAT tips for businesses on 'Starting Up' by SimplySolved's Managing Director, Haroon Juma Haroon Juma MD of Simply Solved was invited to speak...
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.
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.
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.