Blogs

Who Should Opt for VAT registration in UAE? When business conduct trade in the UAE, one important question asked is “Do you have a TRN?”. This looks very common and simple but for new businesses, it creates...

What are Incoterms? The term Incoterms have always been a key phrase associated with International trade. Incoterms became common parlance amongst business groups with the introduction of VAT in UAE. A...

Time Frame for Recovering Input Tax in the UAE As per the public clarification (VPTP017) issued by the Federal Tax Authority (FTA) regarding the time frame for recovering input tax in the UAE, it prescribes the time period within which...

What are the Administrative Penalties For Non-Compliance of the UAE VAT Law?  The violation of the provisions of the UAE VAT Law can lead to certain VAT Fines And Penalties In The UAE. It is impor...

Profit Margin Scheme Under VAT in UAE Under UAE VAT law, normally VAT is calculated on the sales value. As an exception to that, the Federal Tax Authority (FTA) in the UAE has given an option to the Taxable person to p...

Extension of VAT Return Due Date By FTA In The UAE Extension of VAT Return due date is the latest update that came from the Federal Tax Authority, on 21st April 2020. Taxpayers in the UAE were eagerly waitin...

Tax Consultant in UAE   The United Arab Emirates (UAE) has entered into a world of Taxes with Excise Tax being introduced from 1st October 2017 and Value Added Tax (VAT) ...

 VAT Administrative Exceptions You Can Apply In The UAE The Federal Tax Authority (FTA) in the UAE released a recent guide providing the procedures and scope for certain exceptions from VAT proced...

Tax Agent in the UAE – Seamless VAT Assistance?   Hiring a Tax Agent in the UAE will be essential for the businesses to receive proper guidance in relation to VAT in UAE and other VAT-relate...

Rent Free During COVID 19 Pandemic and Its Tax Treatment-Case Study Background: In the wake of the Global pandemic, COVID 19, the government took quick actions to make reassuring noises of support for busin...