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…
VAT clarification form
overview of this user guide This guide is prepared to help you submit Clarification requests to the Federal Tax Authority (FTA) regarding specific matters of uncertainty on which you would…
The VAT refund application for business visitors
The VAT refund applications for business visitors is activated now and it is an online form to be filled and submitted. Following are the steps to be followed in this…
VAT refund for business visitors
Background to VAT Refunds for Business Visitors A foreign business may be entitled to VAT relief (by way of a refund of tax paid) in certain instances. 1.1. Who can…
TAX- FAQ
1. When will excise tax be effective from in the UAE? Federal Decree-Law No. (7) of 2017 on Excise Tax has been issued and states that it comes into effect…
VAT – General Questions
1. What is VAT? Value Added Tax (or VAT) is an indirect tax. Occasionally you might also see it referred to as a type of general consumption tax. In a…
VAT implication on bank interest and dividend income
List of charities that may recover input vat
The UAE tax authorities have issued Cabinet Decision No.(55) of 2017 on Charities That May Recover Input Tax. The decision, which has retrospective effect from 1 January 2018, confirms that certain…
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