Viewing post categorized under: VAT/ TAX in UAE

FTA in Digital Tax Stamp inspections

FTA in Digital Tax Stamp inspections in UAE

By Alya | Accounting Services, Business News, UAE TAX News, VAT/ TAX in UAE | No Comments

Digital Tax Stamp Inspections in UAE by FTA New UAE campaign to raise awareness about Marking Tobacco and Tobacco Products Scheme The UAE Federal Tax Authority (FTA) has conducted two simultaneous awareness and inspection campaigns — to verify compliance with the Marking Tobacco and Tobacco Products Scheme. The move has come during the first month […]

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uae dubai accounting and Vat Filing

Filing VAT Return in UAE

By Alya | VAT/ TAX in UAE | No Comments

Filing VAT Return in UAE Under UAE VAT, the first VAT return is due on 28th Feb, 2018, which will be filed by those businesses for whom the monthly VAT return is applicable. The businesses are required to file VAT Return online using the Federal Tax Authority (FTA) portal. The FTA portal is designed to […]

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VAT Public Clarification in Dubai uae

VAT Latest Public Clarification on Transfer of a Business as a Going Concern

By Alya | VAT/ TAX in UAE | No Comments

Last updated on October 14th, 2019 at 08:56 amTransfer of a Business as a Going Concern – VATP015 In accordance with Article 7(2) of the Federal Decree-Law No. (8) of 2017 on Value Added Tax (the “Decree-Law”), the transfer of whole or an  independent part of a business from a person to a taxable person for the purposes […]

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VAT in UAE

Top 5 positive changes in GCC, thanks to VAT

By Alya | VAT/ TAX in UAE | No Comments

Tax has become an important step towards ensuring region’s socio-economic resilience Following the signing of the Common VAT Agreement by GCC member states, value-added tax (VAT) has become an important step towards ensuring the region’s socio-economic resilience. The new tax regime is a proactive policy meant to diversify the GCC economy, bringing fundamental positive changes […]

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Choose a VAT Consultant in UAE

By Alya | VAT/ TAX in UAE | No Comments

Last updated on October 6th, 2019 at 12:39 amFrom the 1st of January 2018, Value Added Tax (VAT) has come into effect in the UAE. If, as a business, you have not yet planned for VAT, it is imperative that you should plan for the impact of VAT over your business right now. A Good VAT Advisor in […]

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VAT

Implications of VAT

By Alya | VAT/ TAX in UAE | No Comments

Implication of VAT on individuals VAT, as a general consumption tax, will apply to the majority of transactions in goods and services. A limited number of exemptions may be granted. As a result, the cost of living is likely to increase slightly, but this will vary depending on an individual’s lifestyle and spending behaviour. If […]

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