Blogs

Latest Updates on VAT by FTA Recently the Federal Tax Authority issued some guidelines on tax treatment and tax procedure for better understanding of the UAE VAT law. This blog will...

Non-Recoverable Tax on Entertainment Services As per the UAE VAT law tax paid on most of the business, expenses can be recovered. At the same time tax paid on certain expenses cannot be recovered, those are called a&nb...

Introduction on compensation payments: In the normal course of business, sometimes there will be payments in the nature of compensation for any loss, omissions, breach of contracts etc...

Designated Zones UAE VAT and Its Applicability Free zones in UAE are also known as Free Trade Zones depicting that they are structured to boost the international business economy of the country. Free zones in UAE provides 100% ownershi...

Voluntary Disclosure under UAE VAT Law The Federal Tax Authority (FTA) has introduced a form 211 – VAT voluntary disclosure form recently. It will help the taxable persons to rectify the errors they committed in...

Whether Management Fee or Director’s Service Fee is taxable in the UAE? Yes, the Director’s Service fee otherwise called as Management Fee is taxable under the UAE VAT Law. The Fe...

FTA Sets Out Penalties if not Registered Before 30th April 2018 As far as VAT Registration is concerned, the Federal Tax Authority (FTA) has extended the...

Treatment of Bad Debts under UAE VAT Law What is Bad debts? If the amount due from the customer is not paid in time and customer rejects to pay the same it is called bad debts for the recipient. The rejection of payment by...

15 Easy Steps You Can Turn UAE VAT Return Filing into Success The first value-added tax (VAT) return has given a cool off time for filing by the Federal Tax Authority (FTA) for easing reporting and compliance pressure on companies, esp...

What does VAT return filing mean? VAT Return filing is the official tax document to be submitted to the Federal Tax Authority before the due date....