VAT Refund in UAE

VAT Refund in UAE for New Residences Let us see if VAT Refund in UAE is applicable to Mr. Tarek, a UAE National, who is constructing a new home in Dubai. He has a detailed plan for the residence and has appointed multiple contractors to perform their roles. Most of the contractors appointed by Mr….

uae vat reconsideration

UAE VAT Reconsideration. In the United Arab Emirates (UAE), the Federal Tax Authority (FTA) is the regulatory body for UAE VAT Laws and takes charge of managing and collecting federal taxes and fines. Being aware of the tax laws is always beneficial to business organizations and individuals. There are situations where the taxpayers are not…

Penalty For Delay in VAT Registration in UAE

Case Study on Claiming Input Tax in UAE ZMG LLC, incorporated on 1st January 2019, is a trading company operating from Dubai.  As the company has taxable expenses exceeding the voluntary VAT Registration threshold of AED 187,500/ – it has voluntarily applied for VAT Registration in the UAE in August 2019. The company got registered…

reverse charge mechanism under uae vat law

Reverse Charge Mechanism (RCM) under UAE VAT Law is one of the tax treatments applicable to import on concerned goods and concerned services. In Reverse Charge Mechanism (RCM) under UAE VAT Law, the supplier does not charge VAT to the customer, instead, the buyer or end customer pays the tax directly to the government authority….

vat for education in UAE

VAT for Education in UAE As per the UAE VAT Law, VAT for education in UAE is zero-rated and some fall under the category of exemption. Let us discuss in detail regarding the VAT treatment on education services or VAT for education in UAE. As per Article 40 of the Federal Decree-Law No. 8 of…

eligibility to claim Input vat in uae

The Federal Tax Authority (FTA) in the UAE has issued a public clarification vide Number VAT017 discussing the time-frame for recovering the Input VAT by a taxable person. Through the publication clarification, the authority states that a taxable person shall become eligible recover Input VAT only in the tax period in which he receives a…

VAT Deregistration case study

VAT Deregistration in the UAE Under the UAE VAT Law, businesses and individuals who have applied for VAT in UAE under the Federal Tax Authority (FTA) can opt for VAT Deregistration in the UAE in two different Scenarios. In the first instance, suppose you have registered for VAT in UAE and the minimum turnover AED…

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)…

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