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. There are various VAT Refund Schemes available under the UAE Vat Law wherein even unregistered persons can also get benefit out of it. Vat Refund Scheme for UAE…

Excise tax registration amendments Amendment to your Excise Tax Registration is necessary if there is any change on the content of your application already submitted or nature of business is amended subsequently. Complying to the rules and regulations laid by the Authority is a mandate because the Tax Authority can carry out a Tax Audit at any time when…

Excise Tax Deregistration

The Registration for Excise Tax in the UAE has started from September 2017.  All Taxable entities are entitled to register for Excise tax through the FTA’s online portal. But if a taxable entity who has registered earlier and now, is no longer dealing with excise goods can apply for Excise Tax deregistration. What is Excise…

VAT Audit in UAE

It’s almost a year since this word, ‘VAT Audit’ in UAE, has found its way in the common world of the business communities in UAE. By February 28th 2019, it is expected that at least 90% of the registrants will complete their first tax year. A tax year refers to the 12-month period covered by…

The recent Public Clarification issued by FTA is intended to shed light on the treatment of ‘public transportation’ and its interpretation for the purposes of identifying the qualifying means of transports such as buses or trains which can be treated as zero rated under the UAE VAT Law. Applicable Provisions of the Law: As per…

Vat Return Filing in UAE | Latest Updates on UAE VAT Return Filing Presently the VAT Return Filing Period for most of the companies are on a quarterly basis and for businesses having a higher turnover is having their VAT Return Filing period on a monthly basis. The Federal Tax Authority (FTA) is now planning…

With the introduction of Value Added Tax – VAT in the UAE, among all other schemes Tax Refund Scheme for Tourists has been the most awaited one.  UAE has been a destination for millions of tourists especially Dubai, which is one of the Emirates of the UAE well known for its Tourist Attraction, Business Hubs,…

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 explain the recent amendments, clarifications and guidance on tax treatment issued by FTA which might have an impact on your business. The recent updates are related to the following: Exchange…

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 non-recoverable tax. As per the Article (53) of Executive Regulation of the UAE VAT law, VAT paid on certain expenses are non-recoverable tax…

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. Whether the payments on such compensation nature are taxable under the UAE VAT or not? Recently the FTA has issued a public clarification (VAT P 001) related…

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