latest amendment in uae vat law

UAE VAT Law Latest Amendment  Is the UAE VAT executive regulation amended? What are the changes made in the UAE VAT Law and how will that impact the transactions? These are some latest questions raised related to the amendment in the Executive Regulation of the Federal Decree-Law No. 8 of 2017 on Value Added Tax….

freezone company formation in the uae

UAE Free Zones Benefits In the UAE Free Zones, Free Zone Company (FZC) is a limited liability entity and can be incorporated by natural persons or legal entities. A new limited liability company with a single shareholder is incorporated as a Free Zone Establishment (FZE); while a multi-shareholder entity is a Free Zone Company (maximum…

how to open a corporate bank account in the uae?

Why corporate bank account is important in the UAE? United Arab Emirates (UAE) is an important global hub for business, trade, finance etc. Among the seven emirates in the UAE, Dubai is the most attractive place for doing business or for investment in the business or in properties. One of the main attractions in the…

tax payment methods in uae

 New Payment Options To Pay Taxes in the UAE The Federal Tax Authority (FTA) in the UAE has announced in a press release about the new payment method for VAT Registered businesses in the UAE. Business Registered for VAT in UAE will now be able to gain advantage from a new reorganized method to Pay…

economic substance notification due date list in the uae

Economic Substance Notifications Due Dates in UAE (ESR Notification Due Dates UAE) Economic Substance Notification due dates are released by most of the Regulatory Authorities in the UAE. However, the due dates released by different authorities are not consistent. In the case of some authorities, the declared due dates are already passed. For eg: DAFZA…

vat registration in the uae

Who Should Opt for VAT registration in UAE? When business conduct trade in the UAE, one important question asked is “Do you have a TRN?”. This looks very common and simple but for new businesses, it creates many confusions. The same becomes a problem when your customer or supplier says, we do not conduct trade…

economic substance notification rakez

ESR RAKEZ Notification Due Date is Declared  Economic Substance Notification (ESR Notification) due date is declared for one more Regulatory also. Ras Al Khaimah Economic Zone (RAKEZ) issued Circular on the due date to file the Economic Substance Notification (ESR Notification) and Compliance with the Economic Substance Regulations in UAE (ESR UAE). The Economic Substance…

foreign branch company in uae

How to Start a Foreign Company Branch As far as the Gulf region is considered, UAE is the place where you can form the company in a very easy manner. The procedure or the steps to form the company in any Emirates in UAE are very simple and straight forward. Mainly in the UAE, there…

profit margin scheme under vat in uae

Profit Margin Scheme Under VAT in UAE Under UAE VAT law, normally VAT is calculated on the sales value. As an exception to that, the Federal Tax Authority (FTA) in the UAE has given an option to the Taxable person to pay VAT on the profit margin earned on the taxable supplies made which is…

tax consultants in uae

Tax Consultant in UAE   The United Arab Emirates (UAE) has entered into a world of Taxes with Excise Tax being introduced from 1st October 2017 and Value Added Tax (VAT) has been applicable from 1st January 2018. The introduction of taxes in the UAE is part of a GCC-framework to broaden horizons economically and discover other revenue-generating measures…

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