IMPORTANT: The Ministry of Finance has issued a new Cabinet Decision no. 100 of 2023 which replaces Cabinet Decision no. 55 of 2023. The Ministry of Finance has issued a…
FTA VAT Audit in UAE
What is FTA VAT Audit? As per Article 1 of Federal decree law, the definition of Tax Audit is “A procedure undertaken by the Authority to inspect the commercial records…
Value Added Tax (VAT) Services in UAE
Value Added Tax (VAT) is essential for businesses operating in the United Arab Emirates. VAT registration is mandatory for businesses meeting specific turnover thresholds. Registering for VAT ensures compliance with…
Common Mistakes in UAE VAT
The introduction of Value Added Tax (VAT) in the United Arab Emirates has brought about significant changes in the way businesses operate. While VAT can be a valuable source of…
EmaraTax UAE PASS
Latest news from the UAE Federal Tax Authority (FTA): The United Arab Emirates Federal Tax Authority (FTA) has issued a latest update and has informed in a recent circular that…
Understanding Tax Invoices in UAE VAT
Introduction: Value Added Tax (VAT) is a consumption tax levied on goods and services in the United Arab Emirates (UAE) at a standard rate of 5%. Only VAT registrants are…
DATA REQUIREMENTS FOR VAT FILING
As you embark on the journey of value-added tax (VAT) filing, having a comprehensive understanding of the necessary data requisites is your foremost advantage. This blog serves you as a…
How to Get Your VAT Refund as a Tourist in the United Arab Emirates
As you embark on an exciting journey to explore the wonders of the United Arab Emirates, you’ll likely indulge in shopping for unique souvenirs, exquisite goods, and delightful experiences. While…
VAT Collected Without Registration and the Penalties in the UAE
Introduction: The United Arab Emirates (UAE) implemented a Value Added Tax (VAT) system on January 1, 2018, as part of its efforts to diversify revenue sources and reduce dependency on…
Why is Spectrum Auditing the best accounting firm in Dubai?
In the realm of financial management and account supervision, recognizing the indispensable role of a reliable and trustworthy accounting firm is of paramount importance. In the vibrant city of Dubai,…
UAE VAT Administrative Penalties
Every taxpayer in UAE must comply with UAE VAT laws. They should be aware of the circumstances which may lead to imposing penalties on them when they fail to meet…
Spectrum Auditing: Your Trusted Accounting Partner Among the Top Accounting Companies in Dubai!
As a business manager or owner, you understand the importance of having accurate financial information at your disposal when it’s time to make important decisions. That’s why accountants and admins…
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