VAT Refund Scheme For Expo 2020 Participants

VAT Refund Scheme For Expo 2020 Participants

VAT Refund Scheme For Expo 2020 Participants has been introduced by FTA. Participants in Expo 2020 can claim VAT refund incurred on expenses. The Federal Tax Authority (“FTA”) has issued Cabinet Decision no. 1 of 2020 (“Cabinet Decision”) on the Refund of VAT on Goods and Services for countries and organizations participating in Expo 2020 Read more about VAT Refund Scheme For Expo 2020 Participants[…]

How to submit VAT reconsideration form in UAE

How to submit VAT reconsideration form in UAE?

VAT Reconsideration Form in UAE VAT reconsideration form has been introduced by the Federal Tax Authority (FTA) in order to review the tax penalty appeals made by the taxable businesses or individuals.  Businesses in UAE must follow the rules and regulations of FTA in order to avoid VAT and excise tax fines and penalties.  Any Read more about How to submit VAT reconsideration form in UAE?[…]

VAT on Discounted price in UAE

How to treat VAT on Discounted price in UAE?

VAT on Discounted price in UAE  Since the implementation of VAT in UAE, businesses are confused about the treatment of VAT on Discounted price in UAE. Strategy of discount is not new for the businesses but how to calculate VAT on discounted invoice in new for them.  Discount is actually a reduction in the original price. Read more about How to treat VAT on Discounted price in UAE?[…]

VAT Deregistration in UAE

VAT Deregistration in UAE VAT Deregistration in UAE is an online process. Businesses and individuals who are registered under Federal Tax Authority (FTA) can de-register from VAT in two situations: If their turnover did not exceed AED 187,500 in the 12 months after registering with the FTA, they must apply for the VAT Deregistration. If Read more about VAT Deregistration in UAE[…]

Tax Audit by Federal Tax Authority (FTA) starts in 2019

Tax Audit in UAE Businesses in UAE must prepare themselves for official and mandatory audits in 2019 as it has been one year since the VAT has been implemented in UAE. All the laws and regulations for all kind of businesses are clear and properly in place. Tax Audit in UAE starts in 2019.  All the Read more about Tax Audit by Federal Tax Authority (FTA) starts in 2019[…]

Registered FTA Tax Agent

Why should you choose to have a Tax Agent?

Tax Agent Services in Dubai VAT in UAE is unquestionably recent to everyone and it has been implemented in UAE since the beginning of year 2018. The concept about certified tax agent UAE has been introduced to the businesses and organizations before the tax system was implemented. Federal Tax Authority (FTA) has explained the possible issues and Read more about Why should you choose to have a Tax Agent?[…]

VAT Accounting in Dubai

VAT Bookkeeping – VAT Accounting Services in Dubai

VAT Accounting Services in Dubai Since the VAT in UAE came into effect from this year, it is mandatory for every taxable person to maintain books of accounts under the VAT law.  In addition to that the Federal Tax Authority (FTA) can ask for additional documents such as, annual accounts details, general ledgers, purchase day books, invoices Read more about VAT Bookkeeping – VAT Accounting Services in Dubai[…]

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