For more information about us and more useful articles, please visit Spectrum Accounting and Auditing website at www.spectrumaccounts.com This Public Clarification discusses the conditions that have to be met for a transfer…
Why Dubai?
In 2018, Dubai attracted 523 Foreign Direct Investment (“FDI”) projects. Over 40% higher than in 2017. Keep reading to find out why so many foreign investors are coming to Dubai,…
Dubai Virtual Company License
Virtual License aims to foster global entrepreneurial talent without the need to live or work in any one place. It harnesses Dubai’s global reputation for business-friendly environment to create new…
VAT Refund – Latest reaffirmation on VAT Refund claims process by FTA
VAT Refund – Latest reaffirmation on VAT Refund claims process by FTA In response to reports that some bank customers have been receiving emails from unidentified sources impersonating banks and…
VAT clarification – Transfer of a Business as a Going Concern
VAT Public Clarification Transfer of a Business as a Going Concern This Public Clarification discusses the conditions that have to be met for a transfer to qualify as a transfer…
Designated zones – Latest updation
No. Designated Zones (Abu Dhabi) Effective from 1 Free Trade Zone of Khalifa Port 01/01/2018 2 Abu Dhabi Airport Free Zone 01/01/2018 3 Khalifa Industrial Zone 01/01/2018 4 Al Ain…
Importation of goods by agents on behalf of VAT registered persons
VAT Public Clarification – Importation of goods by agents on behalf of VAT registered persons When a VAT registered importing agent imports goods on behalf of a VAT registered owner,…
TAX invoice
Tax Invoice As per Article (59) of Cabinet Decision No. (52) of 2017 on the Executive Regulations of the Federal Decree-Law No (8) of 2017 on Value Added Tax, the…
UAE: Economic Substance Rules
How it is going to impact your business? The United Arab Emirates (UAE) released the Cabinet of Ministers Resolution n. 31 of 2019 with effect from 30 April 2019, concerning…
Non Recoverable Input Tax – Expenses in relation to the Exempt Supplies
Under Article (52) and (53) of Cabinet Decision No. (52) of 2017 on the Executive Regulations of the Federal Decree-Law No (8) of 2017 on Value Added Tax there are…
Non Recoverable Input Tax – Motor Vehicles used for Personal Use
Non Recoverable Input Tax – Motor Vehicles used for Personal Use Under Article (52) and (53) of Cabinet Decision No. (52) of 2017 on the Executive Regulations of the Federal…
Non Recoverable Input Tax – Entertainment Services provided to Non-Employees
Non Recoverable Input Tax – Entertainment Services provided to Non-Employees Under Article (52) and (53) of Cabinet Decision No. (52) of 2017 on the Executive Regulations of the Federal Decree-Law…