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May 13, 2018, 4:21 am
Value Added Tax (VAT) was introduced in the UAE on 1 January 2018. The rate of VAT is 5 per cent. VAT will provide the UAE with a new source of income which will be continued to be utilised to provide high-quality public services. It will also help government move towards its vision of reducing dependence on oi
March 31, 2018, 10:27 am
Value-Added Tax (VAT) will significantly affect nearly every UAE resident and tourist – and not just businesses – when it is implemented from January 1, 2018. The VAT rate is confirmed at 5 per cent, with a zero rate for some supplies. So how will it impact your monthly budget? Find out now:
November 17, 2017, 11:15 am
For VAT registration in the UAE, entity should complete an online VAT Registration form which is available on the Federal Tax Authority online portal. The Voluntary Registration started in third quarter of 2017. Once the registration is complete, a Tax Registration Number (TRN) will be provided to the applicant.
Matters to be considered and documents required for VAT Registration in the UAE.
November 17, 2017, 11:05 am
VAT is expected to be implemented in the UAE with effect from 1st January 2018. While the VAT Registration in the UAEawaits let us get clarity on how VAT Invoices should be maintained for every businesses in the UAE as per the latest information by the Federal Tax Authority (FTA).
According to the FTA, there will be two kinds of inovices for VAT in the UAE. Supply for less than the specified amo
October 4, 2017, 10:03 pm
As VAT is going to kick off in the UAE which is represented by the Ministry of Finance,the Common Value Added Tax (VAT) (flat 5% ) upon the agreement of the States of the Gulf Cooperation Council following Federal Decrees No. 31 and 32 of 2017, issued by President His Highness Shaikh Khalifa Bin Zayed Al Nahyan ,the Federal Tax Authority ,UAE will be the moniotring authority for all the concerns related to VAT.
The law requires any person conducting any type of business to keep accounting rec