Jitendra Chartered Accountants Blog

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…

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…

The introduction of the Value Added Tax (VAT) in 2018 has brought fresh changes to the UAE business landscape which has been hitherto known to be a no-tax regime. As…

The Tax Procedures Law (Federal Decree-Law no. 7) defines a Tax Audit as a procedure undertaken by the Federal Tax Authority to inspect the commercial records or any information or…