VAT Audit in UAE

It’s almost a year since this word, ‘VAT Audit’ in UAE, has found its way in the common world of the business communities in UAE. By February 28th 2019, it is expected that at least 90% of the registrants will complete their first tax year. A tax year refers to the 12-month period covered by…

Tax Invoices in Bahrain | What are the Information to be Included in a Detailed Tax Invoice in Bahrain? – Emiratesca Group Preparing a proper tax Invoice is very important for compliance of Bahrain VAT Law. In this blog, we are summarizing, the important contents required in a Tax Invoice under Bahrain VAT Law, Tax Invoice…

ضريبة القيمة المضافة في دولة البحرين أنه في يوم التاسع من أكتوبر من 2018 أصدرت وزارة المالية قانون ضريبة القيمة المضافة الذي سيبدأ العمل به اعتبارًا من اليوم الأول من يناير2019 بنسبة 5% و هي نسبة ضريبة القيمة المضافة و وفقا لوزارة المالية, علي جميع الشركات التي يتخطى حجم مبيعاتها عن خمسة ملايين دينار سنويا…

What is Voluntary VAT Registration &Mandatory VAT Registration Under VAT in Bahrain? VAT registration is required for all companies whose taxable turnover exceeds the mandatory VAT registration threshold, ie BHD 37,500/. However, Voluntary VAT Registration option is available for a business having turnover BHD 18,750 or more, but less than BHD 37,500/. National Bureau of…

VAT Registration in Bahrain Emiratesca

Bahrain has committed to introduce Value Added Tax (VAT) by 1st January 2019. VAT in Bahrain is also a welcome for business development in Bahrain. The GCC countries agreed to implement VAT at a standard rate of 5%. Accordingly, 5% VAT will be launched in Bahrain as of January 1st, 2019 with a few exceptions.Value…

The Bahrain VAT law was released on 09th October 2018, by the Ministry of Bahrain. Bahrain VAT is all set to be implemented from 1st January 2019 at the rate of 5%. The Executive Regulations for VAT in Bahrain is expected to publish shortly. All the companies in Bahrain with turnover exceeding BHD 5 Million…

The Ministry of External Affairs has recently issued an advisory note on Registration of ECNR Passport holders for Indians who are travelling on employment | work in 18 ECR Countries from India. From 1st January 2019, for all Indians who are holding ECNR passport, can register before flying through an Indian government portal This initiative has…

The UAE Cabinet has now recently announced on the approval of a long-term visa system. The main objective of this long-term visa system in the UAE is to make UAE an ideal place for investors to do their businesses. Who will be able to avail this long-term visa in the UAE? Investors Entrepreneurs Special Talents…

The recent Public Clarification issued by FTA is intended to shed light on the treatment of ‘public transportation’ and its interpretation for the purposes of identifying the qualifying means of transports such as buses or trains which can be treated as zero rated under the UAE VAT Law. Applicable Provisions of the Law: As per…

Vat Return Filing in UAE | Latest Updates on UAE VAT Return Filing Presently the VAT Return Filing Period for most of the companies are on a quarterly basis and for businesses having a higher turnover is having their VAT Return Filing period on a monthly basis. The Federal Tax Authority (FTA) is now planning…

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