Question:- When to de-register VAT in United Arab Emirates (UAE)? Answer:- If your taxable supplies (or) taxable expenses are less than AED 375,000 during the last 12 months…
VAT on Artists and Social Media Influencers (SMI) in United Arab Emirates (UAE)
Federal Tax Authority (FTA) has issued a Tax Bulletin in relation to Individuals who make supplies in their personal capacity as who are known as artists which include performers, singers,…
VAT implications for supply of residential property in UAE
A) What is Real Estate? Real Estate – property consisting of land or buildings including Area of land over which rights or interests or services can be created Building or…
VAT Rules On Reimbursement And Disbursement Of Expenses
Q: What is this clarification about? This Public Clarification VATP013 discusses the VAT principles for differentiating between a disbursement and a reimbursement, and the VAT treatment that should be applied…
VAT on supply of means of transportation (a bus or train) used for public transportation
VAT on supply of means of transportation (a bus or train) that is to be used for public transportation This Public Clarification VATP007 impacts upon the VAT liability of the…
VAT Refund on Expo 2020 activities
Refund on VAT paid on goods and services connected with Expo 2020 Dubai Do you know, how VAT return reporting for registered official participants of Expo 2020 Dubai are different from VAT return reporting of normal…
VAT Guide on Automotive sector in UAE
FTA has issued a guidance on Automotive Sector which about the VAT treatment of supplies made by motor vehicle dealers in the UAE including but not limited to the supply…
How to file information pertaining to Ultimate Beneficial Owner – UBO in UAE
Here, we are presenting you with the process involved in filing information pertaining to the Ultimate Beneficial Owner (UBO) in United Arab Emirates (UAE): What all documents need to…
UAE VAT Update – Amendment in Tax Procedure related to Reconsideration Application
The UAE government has issued Cabinet Resolution No. (51) of 2021 Modifying some provisions of Cabinet Resolution No. (36) of 2017 on the Executive Regulations of Federal Law No. (7)…
FTA inspection in local markets across UAE
Federal tax authority in the view of effective application of the law, recently conducted some Inspection campaigns in the local markets across the UAE and here are some highlights from…
Administrative Penalties Imposed for Violating the States Tax Laws
The following is a full text released by the UAE Cabinet on Administrative Penalties Imposed for Violating the State’s Tax Laws. We have published an article on UAE tax penalties…
VAT registration of Sole Establishment
Following is an extract from Public Clarification VATP026, which replaces Public Clarification VATP021. What is the Issue with respect to VAT registration of Sole Establishments? A natural or legal person…
contact us