Valuable Insights That Empower Your Decision-making

VAT Voluntary Disclosure A Voluntary Disclosure is a form (VAT Form 211) provided by the Federal Tax Authority (FTA) that enables the taxpayers to voluntarily notify the FTA about the error or omission in a previous Tax Return, Tax Assessment, or Tax Refund application. This is applicable only if the

In the wake of the global pandemic, COVID-19, many government authorities introduced major relief packages for companies in the UAE. These measures, including rent postponement of up to six months, aimed to address the challenges of Rent-Free During COVID-19 initiatives and support businesses in overcoming financial hardships. Let’s discuss the

In the UAE, mandatory VAT registration is required for businesses whose value of supplies exceeds AED 375,000 in the previous 12 months or is anticipated to exceed this amount in the next 30 days during the current financial year. For businesses with supplies or taxable expenses exceeding AED 187,500 in

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 in UAE by a taxable person. The UAE VAT law

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 in the UAE is a mechanism that offers registrants concessions or exceptions as allowed by the Federal Decree-Law No. 8 of 2017 on

Value Added Tax (VAT) was introduced in UAE on 1st January 2018. The Federal Tax Authority (FTA) is chargeable for all administrative and collection of taxes in the UAE. UAE imposes VAT on tax registered businesses on a taxable supply of goods or services at each step of the supply chain. The