Blogs

Tax Audit in UAE It’s almost a year since this word, ‘VAT Audit’ or Tax Audit in UAE, has found its way into the commo...

 VAT on Transportation Under UAE VAT Law   The recent Public Clarification issued by FTA is intended to shed light on the treatment of ‘public transportation’ an...

VAT Return Filing in UAE | Latest Updates on UAE VAT Return Filing Presently the VAT Return Filing Period for most of companies are on a quarterly basis and for businesses having a higher turnover is having their VAT...

Tourist Refund Scheme in UAE  With the introduction of Value Added Tax – VAT in the UAE, among all other schemes Tax Re...

Latest Updates on VAT by FTA Recently the Federal Tax Authority issued some guidelines on tax treatment and tax procedure for better understanding of the UAE VAT law. This blog will...

Non-Recoverable Tax on Entertainment Services As per the UAE VAT law tax paid on most of the business, expenses can be recovered. At the same time tax paid on certain expenses cannot be recovered, those are called a&nb...

Introduction on compensation payments: In the normal course of business, sometimes there will be payments in the nature of compensation for any loss, omissions, breach of contracts etc...

Designated Zones UAE VAT and Its Applicability Free zones in UAE are also known as Free Trade Zones depicting that they are structured to boost the international business economy of the country. Free zones in UAE provides 100% ownershi...

Voluntary Disclosure under UAE VAT Law The Federal Tax Authority (FTA) has introduced a form 211 – VAT voluntary disclosure form recently. It will help the taxable persons to rectify the errors they committed in...

Whether Management Fee or Director’s Service Fee is taxable in the UAE? Yes, the Director’s Service fee otherwise called as Management Fee is taxable under the UAE VAT Law. The Fe...