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…
Non Recoverable Input Tax – Goods or Services purchased for use by Employees
Non Recoverable Input Tax – Goods or Services purchased for use by Employees Under Article (52) and (53) of Cabinet Decision No. (52) of 2017 on the Executive Regulations of…
How VAT has become part and parcel of life in GCC
No wonder, the transparency and accountability associated with the implementation of value added tax in some GCC countries has strengthened the economies into diversifying and driving the positive changes in…
Public clarification on Tax invoice and Tax credit note – 2019
The Federal Tax Authority, In accordance with Clause 9 of Article 4 of the Federal Decree-Law No. 13 of 2016 on the Establishment of the Federal Tax Authority; Article 70…
Business growth with Spectrum Accounting and Auditing
How can you boost your business growth with Spectrum Accounting and Auditing services? Business owners and managers often rely on accuracy of their financial numbers when they have to take…
VAT 702 – Cash deposit release for non registered importers
VAT 702 CASH DEPOSIT RELEASE FOR NON- REGISTERED IMPORTERS VAT 702 is a form provided by the Federal Tax Authority (“FTA”) pursuant to which a non-registered importer notifies the FTA…