Blogs

VAT Refund in UAE for New Residences Let us see if VAT Refund in UAE is applicable to Mr Tarek, a UAE National, who is constructing a new home in Dubai. He has a detailed plan for the residence and has...

UAE VAT Reconsideration. In the United Arab Emirates (UAE), the Federal Tax Authority (FTA) is the regulatory body for UAE VAT Laws and takes charge of managing and collecting federal taxes and fines....

Case Study on Claiming Input Tax in UAE ZMG LLC, incorporated on 1st January 2019, is a trading company operating from Dubai.  As the company has taxable expenses exceeding the voluntary VAT Registration threshold of AE...

VAT for Education in UAE As per the UAE VAT Law, VAT for education in UAE is zero-rated and some fall under the category of exemption. Let us discuss in detail regarding the VAT treatment on education services or VAT for education in U...

Reverse Charge Mechanism Reverse Charge Mechanism (RCM) under UAE VAT Law is one of the tax treatments applicable to import on concerned goods and concerning servi...

Initial Public Offering (IPO) Initial Public Offering (IPO), SMEs in the UAE can raise funds through IPO very soon that the SMEs in the UAE owned by the UAE nationals will be able to take Initial Public Offering (IPO)...

 Recent Public clarification on Input VAT Recovery in the UAE The Federal Tax Authority (FTA) in the UAE has issued a public clarification vide Number VAT017 discussing the time-frame for recovering the Input VAT...

VAT Deregistration Before Liquidating the Company in the UAE Under the UAE VAT Law, businesses and individuals who have applied for VAT in UAE under the Federal Tax Authority (FTA) can opt for VAT Deregistration in the...

Economic Substance Regulation (ESR) and Country by Country Reporting (CbCR) Economic Substance Regulation (ESR) and Country by Country Reporting (CbCR) in UAE are the two new regulations introduced in the Un...

VAT in UAE The Federal Tax Authority (FTA) has recently stated that the number of businesses registered for (Value Added Tax) VAT in UAE has increased to 312,000 since 2018. After the completion of two...