VAT Guide: All About VAT in UAE
What is VAT in UAE? VAT or Value Added Tax in UAE was introduced on 1 January 2018, making UAE the 2nd country in the Gulf Cooperation Council group of countries. The UAE government has decided to implement VAT at...
Top 6 Common Errors Made While Filing Tax Returns in the UAE
Value Added Tax (VAT) was introduced in the UAE on January 1, 2018. All UAE mainland companies are required to comply with various requirements under the new UAE VAT Law. The filing of VAT returns to the Federal Tax Authority...
All about VAT Reconsideration Application
The understanding of Value Added Tax plays a major role in deciding the profit or loss incurred by a business. The management of the company should make sure that it is in compliance with all the rules and regulations of...
Application of VAT on the export of Services outside GCC Countries
The concept of Value Added Tax (VAT) was implemented in the United Arab Emirates (UAE) on the 1st of January, 2018 with the aim of building a new source of revenue for the country. The rate for VAT has been...
Guide for Value Added Tax on Designated Zones in the UAE
The government of the United Arab Emirates aims to provide a conducive environment for all the businesses which are coming in from all over the world. Many people know about the different free zones in the country which assist in...
What do you mean by Recoverable Input VAT?
In the recent past years, there has been a visible increase in the businesses which are being set up all around the world. This is because of many factors such as ease of setting business, easy transportation and communication between...
Reduction of VAT Penalties Due to Covid
The recent Covid-19 pandemic has affected the economy and pushed millions of companies into near bankruptcy and closure. In addition, the pandemic has reduced consumption and affected the production and supply chains due to the subsequent virus-variant containment waves, frequent...
VAT applicable on Directorial Services
If a Limited liability company (LLC) is formed in the United Arab Emirates, then it is bound to have a director. This director receives a fixed remuneration for the services he provides on a regular basis. This remuneration for his...
What is Claimable VAT?
UAE is popularly known as the Gateway to the Middle -East and Northern African regions. The UAE and the Emirati governments’ amiable business policies have resulted in UAE becoming the throttling business and investment hub. The UAE Government has introduced...
Effect of VAT on the UAE Economy
The UAE is popularly known as the gateway to the Middle East. It offers a stable government and adopted business-friendly policies supported by a sound legal system in line with international law. In recent years, innovative investment-friendly policies have resulted...
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