Blogs

VAT Impact on Property Sector in the UAE? The property sector is one of the important industries that must be given extra care while implementing VAT in the UAE. A slight increase of 5% price by way of VAT c...

Case Studies that UAE Traders Need to Know About VAT Transactions UAE is going to implement VAT by 1st Jan 2018. The business community is eager to know its impact on their business. To understand the impact of  ...

Beginners Guide to VAT on Online Trading With the introduction of  VAT in the UAE, it is expected to cross thirty-five billion AED businesses through e-commerce by the year 2018 in the...

UAE Excise Tax Law- An Overview Excise Tax will be introduced in the fourth quarter of 2017 of the year 2017 in the United Arab Emirates, under the framework of the unified agreement between the GCC countries. The other GCC Member Stat...

Incorporation of VAT in the GCC The unofficial English version of the GCC Unified Agreement on Value Added Tax (GCC UAVAT) is being issued; as the Arabic version of GCC, UAVAT has been publicized by the Saudi Official Gazette. The GCC...

In the UAE VAT, the Reverse Charge Mechanism is applicable while importing goods or services from outside the GCC countries. Under this, the busines...

How VAT affects the companies in the UAE and who will bear the increased cost of 5% VAT?  The burden of VAT needs to be borne by someone – either the businesses or consumers or both. Th...

6 Steps the Businessmen Should Take Now for Implementing UAE VAT   STEP 1: Check whether your company needs to be registered for  VAT or not. Whether your current year turnover is more than AED 375,000...

Vat In UAE - Importance Of Accounting Records Consultation and Guidelines Value Added Tax (VAT) is a tax on consumption and it applies to almost all goods and servi...