Economic Substance Regulation and Country by Country Reporting Purpose in the UAE

Economic Substance Regulation (ESR) and Country by Country Reporting (CbCR) in UAE are the two new regulations introduced in the United Arab Emirates in the year 2019. These two regulations are in effect in UAE from 2019 as per BEPS (Base Erosion & Profit Shifting) 15 Action Plan. BEPS has developed the 15 Action plan…

The Federal Tax Authority (FTA) has recently stated that the number of businesses registered for (Value Added Tax) VAT in UAE has increased to 312,000 since 2018. After the completion of two years since the implementation of VAT in UAE, the United Arab Emirates (UAE) has witnessed success and surpassed several developed countries over the…

VAT Consultants in UAE case study on vat registration

VAT Consultants in UAE As registered VAT Consultants in UAE, we are engaged with more than hundreds of happy customers providing VAT Services all over the UAE. In this case study, as VAT Consultants in UAE with our practical knowledge, we will learn the practical scenarios about VAT Registration in the UAE, we will discuss…

Reclaiming VAT on expenses in the UAE Case Study

In this case study we will learn about reclaiming VAT on expenses in the UAE along with the applicable provisions of the UAE VAT Law. Facts of the case: ABC LLC is a trading company having its operations in Dubai. On 28th March 2019 they have purchased goods worth AED 1 Million (plus 5% VAT)…

Offshore Company set up in UAE Guide

Offshore Companies in the UAE should not be confused with UAE Free Zone companies. An Offshore Company setup in UAE department is a legal business entity that is set up with the intention of operating outside its registered jurisdiction and/or the location of its ultimate ownership. There may be many reasons to opt for Offshore…

VAT on Educational Services in the UAE

The VAT on Educational Services in the UAE is applicable where the education services are provided not in accordance with the recognized curriculum by unrecognized institutions. Quality education is the primary requirement for the growth and development of any nation. Considering the relevance of education, most of the tax laws across the world provide relaxation…

  Is it possible to set up a Restaurant or Cafeteria License in Dubai with 100% foreign ownership? Currently, the restaurant business in the UAE is booming and has seen rapid growth for the last five years. Government spending on infrastructure continues to receive a major injection of capital. Abu Dhabi continues to develop the…

EXPO 2020 Dubai and Impact of UAE VAT

EXPO 2020 Dubai and Impact Expo 2020 Dubai, the international business exhibition is going to be hosted in Dubai from 20th October to 10th April 2021. In this connection, a lot of questions that might arise in the mind of prospective participants of the 2020 Expo. This article provides a comprehensive understanding of the impact…

Steps to Identify the Stockpiler Under Excise Tax in UAE

The Federal Tax Authority (FTA) has announced new rates for excise tax in the UAE and has brought in more products to the purview of Excise Tax such as Sweetened drinks ( Includes Concentrates ,powders, gel, extracts or any form that can be converted in to a sweetened drink), Electronic smoking devices and tools and…

Applicability Of Vat On Healthcare Service In Uae

VAT on Healthcare Services in UAE VAT on healthcare service in uae is one of the sectors where the industry may choose a wrong rate of tax. Because in certain cases supply of healthcare services will be zero rated; whereas in certain other cases, supply of Healthcare Services will be standard rated; ie 5%. Federal…

Terms & Condition | Privacy Statement

© 2020 Emirates Chartered Accountants Group | Web Design | Alwafaa Group

STAY CONNECTED:  

Close x

Show Buttons
Hide Buttons
error: Content is protected !!