{You can find the previously published blog with the same title explained in detail, here at: https://www.spectrumaccounts.com/adjustment-on-account-of-bad-debt-relief/} When and how to adjust VAT relating to bad debts in VAT returns…
Can we claim VAT paid on mobile phones, mobile bills, airtime, data packages provided to employees in UAE?
Issue Many businesses enter into agreements with telecommunication service providers to make mobile phones (“Phones”), airtime (“Airtime”) (i.e. call minutes) and data packages (“Packages”), available to their employees to perform…
An Overview of Two Pillar Solution (Global Minimum Tax)
The Two-Pillar Solution is comprised of Pillar One and Pillar Two. Pillar One aims to ensure a fairer distribution of profits and taxing rights among countries with respect to…
What is the impact of Global Minimum Tax (GMT) on companies in UAE?
Below, we shall discuss a plethora of questions relating to Global Minimum Tax and its impact on UAE Question) How will the Two-Pillar Solution under Global Minimum Tax make…
How to set up business within 15 minutes in UAE
A) An investor can apply online to start his/her own business on the UAE mainland within 15 minutes at the most. The UAE Government introduced the Bashr service to start…
Invest in the United Arab Emirates
Let’s find out why you can choose UAE as your investment destination in the following sections: Here is a short video introduction on why UAE matters when it comes…
Why Dubai is an ideal destination for investment?
We will give you several reasons as to why Dubai is an ideal destination for investment… watch the video below and read the points below which will give you more…
When to de-register VAT in UAE
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…
Umm Al Quwain Free Trade Zone (UAQFTZ)
A Quick View on Umm Al Quwain Free Trade Zone (UAQFTZ): Umm Al Quwain Free Trade Zone was founded in 1987, but it came to the limelight only after 2014…
Dubai Flower Centre
A quick sneak peek on Dubai Flower Centre: With the Exponential growth of trade pertaining to the perishables and flowers across the globe there is a substantial demand for logistics…
Dubai Production City (DPC)
A Quick sneak peek on Dubai Production City: Dubai Production City (DPC) formerly known as “The International Media Production Zone or (IMPZ)” which was established in the year 2003 as…
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,…