Blogs

Incorporation of VAT in the GCC The unofficial English version of the GCC Unified Agreement on Value Added Tax (GCC UAVAT) is being issued; as the Arabic version of GCC, UAVAT has been publicized by the Saudi Official Gazette. The GCC...

In the UAE VAT, the Reverse Charge Mechanism is applicable while importing goods or services from outside the GCC countries. Under this, the busines...

How VAT affects the companies in the UAE and who will bear the increased cost of 5% VAT?  The burden of VAT needs to be borne by someone – either the businesses or consumers or both. Th...

6 Steps the Businessmen Should Take Now for Implementing UAE VAT   STEP 1: Check whether your company needs to be registered for  VAT or not. Whether your current year turnover is more than AED 375,000...

Vat In UAE - Importance Of Accounting Records Consultation and Guidelines Value Added Tax (VAT) is a tax on consumption and it applies to almost all goods and servi...