Jitendra Chartered Accountants Blog

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 registration obligation, the…

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…

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 (FTA) allows the calculation…

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.…

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 Scheme…

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…

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…