Applicability Of Vat On Healthcare Service In Uae

VAT on Healthcare Services in UAE VAT on healthcare service in uae is one of the sectors where the industry may choose a wrong rate of tax. Because in certain cases supply of healthcare services will be zero rated; whereas in certain other cases, supply of Healthcare Services will be standard rated; ie 5%. Federal…

How to claim vat refund for business visitors in uae

6 Steps Procedure to Refund VAT for Business Visitors in UAE The UAE government has published a VAT refund scheme which enables businesses/ business visitors to claim VAT paid on the purchase of goods and services incurred in UAE. A non-government foreign business may obtain a refund on VAT paid in UAE by submitting the refund…

What does it mean VAT on Sale of Business as going Concern? Sale of an asset is a taxable supply under the UAE VAT Law. What about the applicability of VAT on the sale of a business or transfer of a business as such?  The Federal Tax Authority (FTA) has issued a public clarification with…

VAT treatment of Options and Option Premiums is the latest public clarification issued by the Federal Tax Authority (FTA) vide clarification No: VATP014. This article provides an insight into the taxability of options and option premiums in the light of the above-mentioned public clarification issued by FTA. What is an options and options premium? A…

economic substance regulations

Economic substance regulations are the new cabinet decision enacted by the United Arab Emirates (UAE) ministry through the Cabinet Decision No.31 on 30th April 2019. It provides the criteria of Economic Substance requirements on certain category of transactions in the UAE. To whom the Economic Substance Regulations is applicable in the UAE? Businesses with the…

Reimbursement and disbursement of expenses in UAE VAT, whether taxable or not, is always an uncertainty among the business community from the date of implementation of VAT in the UAE since 1st January 2018. The Federal tax authority (FTA), the governing body of the UAE VAT, recently released a public clarification wide No VATP013. The…

As per Article 67 of the UAE VAT Law, a taxable person shall issue a Tax Invoice within 14 days of the Date of Supply. Some of the taxable persons are under the impression that they can always make the tax invoice after 14 days from the date of delivery of goods or from the…

The Federal Tax Authority (FTA) has recently issued a user guide for refund on Vat Paid for Goods and Services Connected with Dubai Expo 2020. The issuance is at par with the Cabinet Decision No. 1 of 2019 on the ‘Refund of Value Added Tax Paid on Goods and Services Connected with Expo 2020 Dubai’….

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…

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