We eagerly looking that what is being asked of organizations in Fujairah Free Zone regarding vat filling , tax and income tax expected in 2020 at the earliest. All small…
Transfer of Business as Going Concern
For more information about us and more useful articles, please visit Spectrum Accounting and Auditing website at www.spectrumaccounts.com This Public Clarification discusses the conditions that have to be met for a transfer…
VAT Refund – Latest reaffirmation on VAT Refund claims process by FTA
VAT Refund – Latest reaffirmation on VAT Refund claims process by FTA In response to reports that some bank customers have been receiving emails from unidentified sources impersonating banks and…
VAT clarification – Transfer of a Business as a Going Concern
VAT Public Clarification Transfer of a Business as a Going Concern This Public Clarification discusses the conditions that have to be met for a transfer to qualify as a transfer…
Designated zones – Latest updation
No. Designated Zones (Abu Dhabi) Effective from 1 Free Trade Zone of Khalifa Port 01/01/2018 2 Abu Dhabi Airport Free Zone 01/01/2018 3 Khalifa Industrial Zone 01/01/2018 4 Al Ain…
Importation of goods by agents on behalf of VAT registered persons
VAT Public Clarification – Importation of goods by agents on behalf of VAT registered persons When a VAT registered importing agent imports goods on behalf of a VAT registered owner,…
TAX invoice
Tax Invoice As per Article (59) of Cabinet Decision No. (52) of 2017 on the Executive Regulations of the Federal Decree-Law No (8) of 2017 on Value Added Tax, the…
Non Recoverable Input Tax – Expenses in relation to the Exempt Supplies
Under Article (52) and (53) of Cabinet Decision No. (52) of 2017 on the Executive Regulations of the Federal Decree-Law No (8) of 2017 on Value Added Tax there are…
Non Recoverable Input Tax – Motor Vehicles used for Personal Use
Non Recoverable Input Tax – Motor Vehicles used for Personal Use Under Article (52) and (53) of Cabinet Decision No. (52) of 2017 on the Executive Regulations of the Federal…
Non Recoverable Input Tax – Entertainment Services provided to Non-Employees
Non Recoverable Input Tax – Entertainment Services provided to Non-Employees Under Article (52) and (53) of Cabinet Decision No. (52) of 2017 on the Executive Regulations of the Federal Decree-Law…
Non Recoverable Input Tax – Goods or Services purchased for use by Employees
Non Recoverable Input Tax – Goods or Services purchased for use by Employees Under Article (52) and (53) of Cabinet Decision No. (52) of 2017 on the Executive Regulations of…
How VAT has become part and parcel of life in GCC
No wonder, the transparency and accountability associated with the implementation of value added tax in some GCC countries has strengthened the economies into diversifying and driving the positive changes in…
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