tax-records

TAX records

A taxable person under VAT in UAE should maintain the following accounts and bookkeeping records: Records of all supplies and imports of goods and services All tax invoices and alternative…

tax-invoices

TAX invoices

The Tax Invoice is the essential document to be issued in original by a registrant to the recipient when a taxable supply of goods or services is made including a…

vat-penalties

VAT penalties

The UAE cabinet has approved the list of administrative penalties that will be imposed on businesses for violations of the tax laws. Each fine or penalty will be no less than 500 AED and no more…

vat-de-registration

VAT De-registration

Tax De-registration means de-activation of the registration and the Value Added Tax (VAT) number of the taxable person. Tax de-registration can be applied for by a person registered under VAT…

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