VAT Registration for UAE Sole Establishments: What Does the FTA Clarification Say
VAT registration in the UAE is a mandatory legal obligation for taxable persons whose taxable supplies and imports exceed AED 375,000 per annum. Apart from the mandatory... Read more.
Filing VAT Returns in the UAE: Conditions & Requirements
Every taxable person is required to file a VAT return in the UAE to the Federal Tax Authority (FTA) at the end of each Tax period. As per Article 64 of the Executive... Read more.
5 Tips from UAE Accountants for Your Business Expansion
As your small business or startup grows your next aim should be expanding to new territories. One of the key steps that you need to take as an entrepreneur is to... Read more.
Key Rules to Consider for Profit Margin Scheme Under UAE VAT
Taxable persons or entities in the UAE calculate VAT on the original selling price in normal conditions. However, there are situations where the Federal Tax Authority... Read more.
Tax Invoices: What are the Key Requirements Businesses Should Know?
A UAE business that makes taxable supplies issue an original tax invoice and delivers it to the recipient of goods or services subject to the laws of UAE VAT Law.... Read more.
VAT Treatment of Capital Assets: The Significance of Capital Asset Scheme for UAE Businesses
Businesses usually have a very busy time near the end of their tax year as they need to carry out the required end-of-the-year tax adjustments. And the Capital Asset... Read more.
An Essential Guide to VAT on Insurance Sector in the UAE
Under the UAE VAT regime, the insurance and related services are subject to the standard VAT rate of 5%. Also, the VAT incurred on costs that can be wholly attributed... Read more.
Know About Tax Credit Notes to Stay on the Right Side of UAE VAT Law
The UAE VAT Decree-Law No (8) of 2017 defines a Tax Credit Note as a “written or electronic document in which the occurrence of any amendment to a Taxable Supply... Read more.
How to Effectively Manage the Seasonal Business Slowdowns in Dubai?
Most businesses pass through a recurring cycle of a business slowdown, especially in Dubai. We call it the business cycle and it is a natural part of any economy... Read more.
Deemed Supplies Under UAE VAT Law: Key Insights for Taxable Entities
The UAE charges VAT at the standard rate of 5% on taxable supplies generally but there are many factors that determine what constitutes a supply as per the UAE VAT... Read more.
