Overview UAE Federal Tax Authority (FTA) has introduced Business visitor VAT refund to help foreign businesses / business visitors check if they are eligible to make a claim for refund…
VAT Public Clarification – Zero-rating of export of services
This Public Clarification provides a high-level clarification of the FTA’s view of the zero-rating conditions in Article 31(1)(a) of the Executive Regulation relating to the residency and location of the…
JAFZA – Jebel Ali Free Zone Authority
JAFZA or Jebel Ali Free Zone is the world’s largest free zone. JAFZAstarted its operations in the year 1985 and is home to more than 100 of the Fortune Global…
Cybercrime – Are you immune to data breach?
A lot of businesses manage almost all of their transactions through digital platforms and considering the sheer volume of data exchanged every minute, Data Security should be the top…
International Tax Planning
Background Due to globalization, companies have been operating businesses through branches and subsidiaries across the globe to maximize the profits and to minimize their taxes. Some of the Multi-National Companies…
VAT Administrative Exceptions
Following is an extract from the guidance issued by FTA in regards to Administrative Exception (March 2020): 1. Brief overview of this user guide This guide is prepared to help…
How to be ready to handle VAT audit from FTA in UAE?
Tax systems have been diversified and modified across the globe over a period of time. In most of the modern tax systems VAT (Value Added Tax) is very popular and…
VAT Deregistration of Stockpilers
This Public Clarification provides guidance on situations where stockpilers may be allowed to deregister where less than six months have passed since their effective date of registration for Excise Tax…
Corporate tax planning for businesses in UAE
Starting a business and taking off is a huge achievement, along with it setting up the finances is crucial to determine the success or failure of the enterprise. Corporate tax…
Time-frame for recovering Input Tax
Time-frame for recovering Input Tax Article 55 of the Federal Decree-Law No. 8 of 2017 on Value Added Tax (“VAT Law”) prescribes the time-period within which input tax should be…
Payroll Software – a simple IT solution with several benefits
Any size of the business runs on one basic concept; there should be enough profits or Return on Investment for the business to run smoothly and grow efficiently. For this…
Home Builders Refund User Guide
Overview of the steps required to access the New Residence VAT Refund and how to track the progress of your Refund Form Important: 1. Please don’t register as a Taxable…