Under the value-added tax (VAT) system implemented on January 1, 2018. UAE VAT registration is mandatory for businesses with annual revenue exceeding AED 375,000 ($102,000).
Registration to the FTA requires a sound basis for the registration, preparation of the necessary evidence, and documenta…
In the United Arab Emirates (UAE), VAT is a consumption tax that is levied on most goods and services sold in the country. If your business is based in the UAE or you are planning to start a business in the UAE, you may need to register for VAT if your taxable supplies and imports exceed a certain t…
In the United Arab Emirates (UAE), VAT is a consumption tax that is levied on most goods and services sold in the country. If your business is based in the UAE or you are planning to start a business in the UAE, you may need to register for VAT if your taxable supplies and imports exceed a certain t…
Since the UAE introduced the VAT on Value Added Tax (VAT) on January 1st, 2018, business owners are required to follow the rules, including UAE VAT Registration and tax filings.
Companies operating in the UAE must ensure that VAT is correctly collected and properly accounted for so that it can …
On 28 April 2021, the United Arab Emirates (UAE) Cabinet gave Decision No. 49 of 2021, which changes the standards concerning regulatory punishments for charge infringement for VAT Amendment and extract charge purposes. The corrections are compelling as of 28 June 2021 and incorporate changes to…
The FTA (Federal Tax Authority) forces the VAT fines and punishments in the UAE. All organizations in the UAE should follow the principles and guidelines of the FTA to keep away from weighty punishments and VAT fines. All the authoritative VAT fines and punishments for abusing VAT laws are for…
Tax De-registration is the arrangement for an enlisted available business or element to drop the VAT registration. It infers the de-activation of the registration just as the VAT number of the available element. There are two conditions under which a business can apply for VAT de-registration i…
The need to drop a VAT Registration can occur toward the finish of the lifecycle of a business. VAT Deregistration in the UAE is supported by the Federal Tax Authority provided that the end reasons are substantial, and every one of the conditions for deregistration legally necessary is satisf…