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 outlines the new mechanism for addressing errors and omissions in VAT return filing in Abu […]
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 record keeping and documentation helps businesses to comply with the UAE Federal Tax Authority but […]
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 physical interaction unnecessary. As demand for digital services grows in Dubai, UAE, the VAT regulation […]
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 comply with the UAE FTA’s regulations. Every qualifying business must complete its VAT registration, file […]
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 (FTA) and using Form VAT311 can make it a smooth procedure. Working with experts like […]
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 to file a VD is essential for compliance. For professional guidance, Jaxa Chartered Accountants makes […]
Value-added Tax (VAT) audits in the United Arab Emirates are important to determine whether businesses comply with VAT regulations set by the Federal Tax Authority. These audits check whether firms comply with the tax laws. Thus, the process ensures compliance and transparency and helps organizations avoid penalties while saving reputations. Preparation through approved tax consultants […]
Dubai has rolled out extensive reforms in its Value Added Tax, which will significantly affect most sectors of businesses. In fact, the reforms have been provided for in Cabinet Decision No. (100) of 2024 on the Executive Regulation of VAT. The efforts by Dubai at refining their regulatory framework to adapt to new economic needs […]
The year 2024 is significant for businesses in the UAE, with several important updates to the VAT laws. Companies must be aware of these changes, as they affect VAT compliance in Dubai and other emirates. These updates aim to simplify the tax process, making it easier for businesses to adapt to the revised regulations. Here’s […]
Value Added Tax (VAT) is already complex in the UAE, and with the evolving policies and regulations, it only gets more complicated. Businesses must ensure full compliance with the Dubai VAT tax system to avoid penalties. It’s crucial to understand the Dubai VAT rate, maintain proper documentation, and adopt a smart approach. So, how should […]
