Case Study on Claiming Input Tax in UAE
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
Case Studies for Recovering Input Tax in UAE
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
Can you apply VAT Administrative Exceptions in the UAE
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
A Quick Guide to VAT in UAE
Overview of Value Added Tax (VAT) in the UAE 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
NRI Taxation
Liable to tax,” as defined in Section 2(29A), refers to an individual’s legal obligation to pay income tax under the laws currently in force in a specific country. In the context of NRI taxation in the UAE, this definition is crucial in determining a person’s tax liability, taking into account
Temporary Zero Rating of Certain Medical Equipment
The Federal Tax Authority has published VATP025, replacing Public Clarification VATP023, to address the “Temporary Zero-Rating of Zero-Rated Medical Equipment UAE VAT. Date extended till 31st December-2021 for VAT at the rate of 0% on certain supplies and import of medical equipment. After 31st December-2021, if there is any supply
