Blogs

What does it mean VAT on Sale of Business as going Concern? Sale of an asset is a taxable supply under the UAE VAT Law. What about the applicability of VAT on the sale of a business or transfer of a bu...

VAT treatment of Options and Option Premiums VAT treatment of Options and Option Premiums is the latest public clarification issued by the Federal Tax Authority (FTA) vide clarification No: VATP014. This article provides an insight int...

Reimbursement and disbursement of expenses in UAE VAT Reimbursement and disbursement of expenses in UAE VAT, whether taxable or not, is always an uncertainty among the business community from the date of implementation of VAT in the UA...

How to Prepare TAX Invoice UAE? As per Article 67 of the UAE VAT Law, a taxable person shall issue a Tax Invoice within 14 days of the Date of Supply. Some of the taxable persons are under the impression that they can always make the t...

VAT Refund on Goods and Services Associated With Expo 2020 Dubai The Federal Tax Authority (FTA) has recently issued a user guide for a...

VAT Refund Scheme for UAE Nationals VAT Refund for UAE National is a special refund scheme available in the UAE VAT law for supporting the UAE Nationals....

Tax Audit in UAE It’s almost a year since this word, ‘VAT Audit’ or Tax Audit in UAE, has found its way into the commo...

 VAT on Transportation Under UAE VAT Law   The recent Public Clarification issued by FTA is intended to shed light on the treatment of ‘public transportation’ an...

VAT Return Filing in UAE | Latest Updates on UAE VAT Return Filing Presently the VAT Return Filing Period for most of companies are on a quarterly basis and for businesses having a higher turnover is having their VAT...

Tourist Refund Scheme in UAE  With the introduction of Value Added Tax – VAT in the UAE, among all other schemes Tax Re...