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Expo 2020 Dubai, the worldwide business show will be facilitated in Dubai from 20th October to 10th April 2021. Participants of the 2020 Expo have queries and are worried about refunding the VAT paid in UAE during their participation in…
Letter of Credit is a financial document used in international trade. It is a payment guarantee given by the bank to the supplier of the goods. A “Credit Letter” issued by the bank will be a sort of promise to…
In the wake of the Global pandemic, COVID 19, many government authorities came up with major relief packages for companies in uae. It includes rent postponement up to six months to help them to overcome COVID-19 challenges. Let’s discuss the…
In UAE, mandatory VAT registration is required only for those businesses whose value of supplies exceeds AED 375,000 in previous 12 months or anticipated to exceed in next 30 days during the current financial year. For businesses with value of…
Time Frame for Recovering Input Tax in the UAE Public clarification (VPTP017) issued by the Federal Tax Authority (FTA) in respect of the time frame for recovering input tax in the UAE prescribes the time period for claiming Input VAT…
VAT Audit in UAE starts in 2019. VAT Audit in UAE is the review performed by the Federal Tax Authority (FTA) in order to verify that whether the business is following all the VAT laws and implementing VAT as per…
The Federal Tax Authority (FTA) mandates that the main educational services and the goods and services associated with it will be zero-rated if it is supplied by the ‘qualifying educational institutions.’ The following institutes come under the qualifying educational institute…
The Public Clarification provides a high-level clarification of the FTA’s view of the zero-rating conditions in Article 31(1)(a) of the Executive Regulation relating to the residency and location of the recipient of services, taking into account the amendments made to…
The Public Clarification provides a high-level clarification on the Value Added Tax and its amendments in respect of e-commerce in the United Arab Emirates, in the guide Federal Decree-Law No. 8 of 2017 on Value Added Tax, referred to as…
