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  • Home
  • Services
    • Auditing and Assurance
      • Statutory / External Audit
      • Internal Audit
      • IFRS Advisory
      • Due Diligence
      • Forensic and Fraud Investigation
    • Accounting and Business Advisory
      • Accounting and Financial Reporting
      • Updating Backlog Accounts
      • Cloud Based Accounting Services
      • Standard Operating Procedure Setup
    • International Tax advisory
      • Economic Substance Regulation (ESR) Advisory
      • Country-by-Country (CbC) advisory
    • VAT Advisory
      • VAT Reg., Amendment & Cancellation
      • VAT Return Filling
      • VAT Refund Processing
      • VAT Reconsideration Form
      • VAT Audit
      • VAT Transactional Advisory
    • IS Audit & ERP Implementation
      • ERP Implementation & Support Services
      • Information System (IS) Audit & Risk Management
    • Business Consultancy
      • Company Incorporation
      • Corporate Bank Account Opening
  • Blogs
    • VAT
    • ESR
    • Accounting
    • Audit & IFRS
    • Company Setup
  • Testimonials
  • About
  • Contact Us

Profit Margin Scheme under VAT in UAE

RVG
January 2, 2021

The Profit Margin Scheme is an important scheme for calculation of VAT in UAE. This scheme is applicable to certain specified goods and there are certain conditions to be fulfilled to be able to supply goods under the Profit Margin…

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VAT Administrative Exceptions You Can Apply In the UAE

RVG
January 2, 2021

The Federal Tax Authority (FTA) in the UAE released a recent guide providing the procedures and scope for certain exceptions from VAT procedures. A VAT Administrative Exception is a mechanism which provides registrants with concessions / exceptions allowed by the…

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VATP003 – VAT Public Clarification on labour accommodation: residential versus serviced property

RVG
January 2, 2021

The Federal Tax Authority classified labour accommodation into two categories for tax payment purposes .There will be instances where the supply of certain labour accommodation shall be a supply of residential property, and other instances where the supply of certain…

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VAT treatment of compensation-type payments

RVG
January 2, 2021

The FTA through Public Clarification VATP001 has laid down the principles that the businesses can use to determine if the VAT should be due on compensation payments. In order for an obligation to charge VAT to arise, there must be…

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Reimbursement and Disbursement of Expenses in UAE VAT, Whether Taxable or Not

RVG
January 2, 2021

The Federal Tax Authority (FTA) released a public clarification, VATP013, that sets certain principles to analyze certain expenses which amount to Reimbursement or Disbursement. The said public clarification discusses the applicability of VAT on reimbursement and disbursement of expenses charged…

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Taxability criteria for Director Services

RVG
January 2, 2021

Employees who perform services for their employer are not considered to be making a taxable supply. However, taxable persons who provide independent director’s services to other legal entities would be considered to be making a taxable supply of services. The…

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VAT Voluntary Disclosure – Form 211

RVG
January 2, 2021

A Voluntary Disclosure is a form (VAT Form 211) provided by the Federal Tax Authority (FTA) which enables the taxpayers to voluntarily notify the FTA about the error or omission in a previous Tax Return, Tax Assessment or Tax Refund…

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Non-Recoverable Tax on Entertainment Services

RVG
January 2, 2021

Article 53 of Cabinet Decision No. (52) of 2017 on the Executive Regulation of the Federal Decree-Law No. (8) of 2017 on Value Added Tax (“VAT Executive Regulations”) stipulates input tax which is non recoverable by businesses.   This Public…

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IS VAT ON HEALTHCARE SERVICES IN UAE ZERO RATED?

RVG
December 31, 2020

In accordance with Article 41 of Cabinet Decision No. 52 of 2017 on the Executive Regulations of the Federal Decree-Law No 8 of 2017 on Value Added Tax (“Executive Regulations”), healthcare services may be zero-rated if certain conditions are met. …

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How Can a TAX Consultant in UAE Support You?

RVG
December 31, 2020

The United Arab Emirates (UAE) has applied taxes for the first time with Excise Tax being introduced from 1st October 2017 and Value Added Tax (VAT) was introduced in UAE on 1st January 2018. The Federal Tax Authority (FTA) is chargeable for all…

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getting it right, can be serious.

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    Office No.109, Bank Street,
    The Atrium Centre, Al Mankhool

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    +971566796910

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    Bhilwara - Rajasthan

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