Valuable Insights That Empower Your Decision-making

The earlier applicability of VAT on Gold and Diamonds Businesses in UAE involved a forward charge mechanism, where VAT was collected by the supplier at the time of supply, leading to cash flow challenges for businesses purchasing gold and diamonds. This has now been modified to a reverse charge mechanism,

The VAT implications on Social Media Influencers in UAE apply to individuals who make supplies in their personal capacity as performers, singers, dancers, stage artists, make-up artists, DJs, poets, songwriters, or others engaged in similar activities, collectively referred to as Artists. Additionally, Social Media Influencers, including bloggers, YouTube hosts, and

The VAT treatment of compensation-type payments in UAE has been clarified by the FTA in Public Clarification VATP001, providing principles for businesses to determine VAT applicability on such payments. To impose VAT, there must be a supply of goods or services. Payments unrelated to such supplies are not subject to

The Federal Tax Authority (FTA) has provided clarification regarding VAT on Sale of Business or transfer of business through VATP015, issued on 20th August 2019. As outlined in Article 7(2) of Federal Decree-Law No. (8) of 2017, the transfer of a whole or independent part of a business to a

The Public Clarification provides a high-level overview of VAT on Ecommerce Sector, focusing on the amendments and application of Value Added Tax in the UAE. Issued under Federal Decree-Law No. 8 of 2017 on Value Added Tax (the “Decree-Law”) and Cabinet Decision No. 52 of 2017 on the Executive Regulation,