The Federal Tax Authority, In accordance with Clause 9 of Article 4 of the Federal Decree-Law No. 13 of 2016 on the Establishment of the Federal Tax Authority; Article 70…
VAT 702 – Cash deposit release for non registered importers
VAT 702 CASH DEPOSIT RELEASE FOR NON- REGISTERED IMPORTERS VAT 702 is a form provided by the Federal Tax Authority (“FTA”) pursuant to which a non-registered importer notifies the FTA…
VAT clarification form
overview of this user guide This guide is prepared to help you submit Clarification requests to the Federal Tax Authority (FTA) regarding specific matters of uncertainty on which you would…
The VAT refund application for business visitors
The VAT refund applications for business visitors is activated now and it is an online form to be filled and submitted. Following are the steps to be followed in this…
VAT refund for business visitors
Background to VAT Refunds for Business Visitors A foreign business may be entitled to VAT relief (by way of a refund of tax paid) in certain instances. 1.1. Who can…
TAX- FAQ
1. When will excise tax be effective from in the UAE? Federal Decree-Law No. (7) of 2017 on Excise Tax has been issued and states that it comes into effect…
VAT – General Questions
1. What is VAT? Value Added Tax (or VAT) is an indirect tax. Occasionally you might also see it referred to as a type of general consumption tax. In a…
VAT implication on bank interest and dividend income
List of charities that may recover input vat
The UAE tax authorities have issued Cabinet Decision No.(55) of 2017 on Charities That May Recover Input Tax. The decision, which has retrospective effect from 1 January 2018, confirms that certain…
VAT – Zero-rating healthcare services
VAT – Healthcare services: Any service supplied that is generally accepted in the medical profession as being necessary for the treatment of the recipient of the supply including preventive treatment.…
VAT – Profit margin scheme
Profit Margin Scheme: It is a scheme whereby a Taxable Person has an option to calculate Tax on the profit margin earned on a supply, instead of the sale value. The Profit…
VAT – Date of supply rules
Date of Supply: Date of supply plays a vital role in VAT legislation, as it gives the date on which goods are sold and services are rendered and subsequently when…