DAFZA slashes business set-up cost by up to 65% Dubai Airport Freezone Authority (DAFZA) has reduced business set-up cost by up to 65 per cent, as part of its aim…
VAT- Public clarifications
Article 53 of Cabinet Decision No. (52) of 2017 on the Executive Regulation of the Federal Decree-Law No. (8) of 2017 on Value Added Tax (“VAT Executive Regulations”) stipulates input…
VAT refund user guide
Brief overview of this user guide This guide will help you navigate the e-Service portal, and is designed to be read in conjunction with the Taxable Person Guide for VAT…
UAE clarifies rules on payment of VAT on commercial real estate
The 5 per cent VAT on commercial real estate must be paid prior to the completion of an asset sale, not afterwards, the UAE’s Federal Tax Authority (FTA) said on…
VAT on goods & services supplied from Designated Zone in UAE
A Designated Zone is a specific region in the UAE that is treated as outside the implementing States for the VAT purpose. Since these zones are out of the purview…
FTA classifies labour accommodation for VAT payment
The Federal Tax Authority said on Tuesday that it classified labour accommodation into two categories for tax payment purposes taking into consideration whether the facility provides additional services making it…
TAX credit note
Tax Credit Note is one of the VAT invoices that a registered taxpayer issues to customers in specific conditions. In this article, we will learn more about the eligibility, conditions,…
VAT voluntary disclosure form 211
The Federal Tax Authority (FTA) has introduced a form 211 – VAT voluntary disclosure form recently. It will help the taxable persons to rectify the errors they committed in their…
VAT treatment for labour accommodation
Labour camps and labour accommodation are generally areas where labourers are housed by their employers. They can take many different forms and some may provide residents with additional services on…
VAT-Implementation
VAT Implementation VAT is expected to be implemented in the UAE with effect from 1st January 2018. VAT (Value Added Tax) is an indirect tax which is charged at every level…
View point- who will bear the burden of Value Added Tax
Authorities are quick to point that in the UAE and the GCC, VAT will replace existing customs duties and will thus not massively increase the cost structure for business enterprises.Increasing…
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