vat return period in uae

VAT Return Filing in the UAE According to the provisions of the UAE VAT Law, a taxable person is responsible for VAT Return Filing in the UAE within 28 days from the end of the tax period. VAT Return Filing can be submitted online in the Federal Tax Authority (FTA) portal online. The Form used…

deemed supplies uae vat

System of UAE VAT In the VAT system, the tax shall be imposed on value addition made at each stage of the supply chain. The supplier shall collect the VAT from the customers on the value of supply made to them and can recover the VAT paid by him on his inwards supply as an…

public clarification of export of service

 Zero Rating of Export of Services The public clarification, Zero-rating of export of services provides the views of the Federal Tax Authority (FTA) on the conditions for zero-rating of export of services. The clarification is discussing the zero-rating of Export of services as per the Article 31(1)(a) of the Executive Regulation of Federal Decree-Law No….

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….

guide on vat in uae

VAT in UAE a Quick Guide  Value Added Tax (VAT) in UAE was introduced on 1st January 2018. The Federal Tax Authority (FTA) is responsible for all administrative and collection of taxes in the UAE.  The introduction of VAT in UAE had lead to an increase in the revenue for the government and less dependence…

VAT Audit in UAE

How to Prepare for VAT Audit in UAE? VAT Audit in UAE is the review performed by the Federal Tax Authority (FTA) in order to assess the VAT liability and review the records maintained by the taxable person to ensure that they are in compliance with the provisions of the UAE VAT Law. The FTA…

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…

incoterms in uae

What are Incoterms? The term Incoterms have always been a key phrase associated with International trade. Incoterms became common parlance amongst business groups with the introduction of VAT in UAE. As the readers might already know, imports and its accounting as per the UAE VAT law has always been a point of interest since inception…

input tax recovery in uae

Time Frame for Recovering Input Tax in the UAE As per the public clarification (VPTP017) issued by the Federal Tax Authority (FTA) regarding the time frame for recovering input tax in the UAE, it prescribes the time period within which Input Tax in the UAE should be recovered by a taxable person. As per UAE…

vat fines and penalties in uae

What are the Administrative Penalties For Non-Compliance of the UAE VAT Law?  The violation of the provisions of the UAE VAT Law can lead to certain VAT Fines And Penalties In The UAE. It is important for every taxpayer to know what are the different circumstances that lead to the imposition of these penalties by…

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