Indirect Tax Rates Around The World
Indirect taxes are taxes that are added to the final price for goods or services. They are established and implemented by the municipal, county, state or federal government. These government entities decide on a regular basis whether to raise, lower or eliminate these taxes. Indirect taxes are also sometimes referred to as sin or expenditure taxes. […]
VAT refund facility at self-service kiosks
VAT refund facility at self-service kiosks The Federal Tax Authority (FTA) has organized field tours to the ‘Self-Service Kiosks’ in Dubai International Airport-part of the Value Added Tax (VAT) Refund Scheme for tourists – to ensure The steadiness with the FTA’s strategy to provide services that meet taxpayers’ aspirations, and its commitment to abiding by […]
VAT Reconsideration in UAE
FTA, as the regulatory body for VAT in UAE Laws; takes charge of the managing and collecting federal taxes and fines. And having the knowledge of tax laws has its own perks for business organizations and individuals. Due to the numerous situations where the taxpayers are not satisfied with the decision given by the Authority, […]
Special Refunds – Business Visitor VAT Refund Guide
Ref No: AMA/A/ANZ/2020/01 UAE VAT refund for foreign businesses Reclaim window now open through AM Audit Federal Tax Agency Number: 30000301 The reclaim window is now open for the non-United Arab Emirates (UAE) established businesses to submit Value Added Tax (VAT) refund requests to the Federal Tax Authority (FTA) for the calendar year 2019. Index: The FTA […]
VAT for E-commerce in UAE
Overview E-commerce VAT guide by the Federal Tax Authority notifies the V.A.T. treatment of supplies of goods and services through electronic means, such as over the internet or a similar electronic network. All goods and services that are purchased online are subject to a 5 percent Value Added Tax if their delivery address is in […]
VAT Voluntary Disclosure In UAE
He approaches one of his friends who tells him about the VAT Voluntary Disclosure Form 211 Are you finding yourself in a similar situation? Continue reading to learn more about how you can rectify the error via VAT Voluntary Disclosure Form 211 Paying VAT to FTA in UAE must be done with utmost detailed accuracy and […]
Tax Treatment for Educational Sectors in UAE
VAT is chargeable on most goods and services with a constrained number of precisely zero-rated or exempt supplies. In light of the flexibility provided via the GCC VAT framework settlement, the Value Added tax Treatment for Educational Sectors have been distinctive in various countries. The education-associated supplies are traditionally exempt from VAT in foreign VAT […]
Everything About VAT In UAE
Thresholds for UAE VAT Registration Process List of documents required for UAE VAT Registration Process Other Required Details for UAE VAT Registration Process (Note: Documents as mentioned earlier and details should be kept ready before you start the registration process on the VAT registration portal.) Steps for UAE VAT Registration Process: The sign-up details will be used […]
VAT Fines & Penalties in UAE
Federal Tax Authority (FTA) had approved and disclosed the complete and final list of all the administrative VAT Fines and Penalties in UAE that were imposed on businesses for violations of the VAT laws. Despite VAT being imposed on UAE in the last two years, there are various firms that still fail to work with the FTA […]
All you need to know about VAT De-Registration in the UAE
The withdrawal of VAT registration is called VAT De-registration. However, in the UAE, the VAT deregistration is when a business cancels its VAT registration with the Federal Tax Authority (FTA). There could be assorted reasons why a business would apply for VAT deregistration in UAE. However, such reasons are needed to fall under the conditions defined […]
Latest Amendment of VAT in the Designated Zones
FTA has issued cabinet decision No. 88 of 2021 to update the provisions related to specific Zones stipulated in Article 51 of the executive regulation of Federal Decree-law No. 8 of 2017 on value-added tax by inserting additional sub-clauses to clause five and adding a new clause 7 with an effective date of 30 October 2021. […]
Penalties for violation of TAX
The FTA asserted that the Cabinet Decision would boost the UAE’s global business competitiveness by establishing a tax legislation environment that encourages self-compliance and offers significant support to the national economy. The Decision outlines 16 types of administrative penalties that have either been reduced or had the method of calculation amended. The amendments include administrative […]
