How to file UAE VAT Returns in 2020?
The VAT is one of the recently initiated steps taken by the GCC countries. The idea of launching this step was to bring out a new source of revenue. Being a part of GCC, the United Arab Emirates (UAE) needs...
Is VAT Certificate Mandatory in Dubai?
By the start of 2018, the GCC countries have taken a step forward to open another revenue gate for the nations which ultimately introduced value added tax for the business entities at a rate of 5%. This implementation has been done in...
List of Popular Free Zones in the UAE
In the past few years, there has been a gradual but noticeable increase in the number of businesses which are being established in countries abroad. This has been possible due to the advancements in technology, increasing globalization and the shrinkage...
VAT to Increase Restaurant Costs in the UAE
With a view of giving birth to a new source of income, the United Arab Emirates (UAE) has taken a decision to implement VAT with a rate of 5%, that saw the light of day on 1st Jan 2018. Although, this...
How Tourists Can Get a VAT Refund in the UAE
The UAE havs transformed itself into a tourist spot. In the first half of 2018, Dubai itself has attracted more than 8.1 million tourists from every corner of the world. Visitors get fantasized with the tourist spots and are also...
Your Guide to Tax Return Filing in 2020
Value Added Tax or VAT was introduced in UAE on 1st January 2018 with the aim acquiring a new source of income which would help the government in the achievement of its vision of reducing the dependence on oil and other...
How VAT Will Affect the Property Sector in the UAE
Value Added Tax (VAT), at the rate of 5%, was introduced in the UAE from 2018. According to the Federal Tax Authority (FTA) and the Dubai Land Department (DLD), VAT should have only a negligible impact on the real estate...