Category: VAT Services

Since 1st January 2018, VAT (Value Added Tax) has been a key pillar of the UAE’s economic system. While the standard rate of VAT in the UAE is 5% (which is the lowest compared to other GCC countries), it is...

Handling taxes is stressful for every business in the realm of tax compliance, where even the smallest mistake can result in hefty penalties. Setting up a business involves multiple government approvals and formalities. One of the smartest moves a business...

Understanding common VAT compliance mistakes can protect UAE businesses from hefty penalties. Do not let VAT penalties in the UAE  cost your business. Let’s discover the top VAT compliance pitfalls in the UAE and learn from the expertise of Jaxa...

As business and tax systems and regulations rapidly evolve in the UAE, businesses must understand the requirements for VAT deregistration or VAT cancellation. VAT deregistration is required if a company does not meet the VAT registration requirements in the UAE...

VAT return filing is an important requirement for a business in Abu Dhabi, UAE, to maintain compliance and mitigate penalties. The UAE Federal Tax Authority announced Decision No. 8 of 2024 in November, effectively implemented on January 1st, 2025, and...

Value Added Tax (VAT) compliance is a key aspect of carrying out a business to maintain a smooth financial operation. VAT compliance in the UAE is more than just filing the return- it requires accurate record-keeping and documentation. Maintaining accurate...

In this fast-paced world, digital services in the UAE play a vital role in everyday activities. From entertainment to business solutions, digital services have become indispensable. These digital services exist in virtual space and can be accessed from anywhere, making...

The implementation of the Value Added Tax in the UAE marked a significant cornerstone for diversifying the economy and lessening reliance on oil. Since its launch in 2018, the UAE government has introduced various rules and clarifications to ensure businesses...

The procedure for claiming the VAT refund in the United Arab Emirates seems very complex, especially for businesses having input VAT on business expenses exceeding the VAT on its revenue. However, understanding the steps provided by the Federal Tax Authority...

VAT return errors can cause compliance and penalty problems. To resolve this, the Federal Tax Authority (FTA) in the UAE has well-defined procedures for filing a Voluntary Disclosure UAE tax compliance (VD) for errors. An understanding of when and why...