Blogs

UAE VAT Law Latest Amendment  Is the UAE VAT executive regulation amended? What are the changes made in the UAE VAT Law and how will that impact the transactions? These are some latest questions raised related to...

VAT in UAE a Quick Guide  Value Added Tax (VAT) in UAE was introduced on 1st January 2018. The Federal Tax Authority (FTA) is responsible for all administrative and collection of taxes in the UAE. ...

How to Prepare for VAT Audit in UAE? VAT Audit in UAE is the review performed by the Federal Tax Authority (FTA) in order to assess the VAT liability and review the records maintained by the taxable person to ensure th...

Tax Residency Certificate or Tax Domicile Certificate in UAE Tax Residency Certificate or Tax Domicile Certificate is issued by the Ministry Of Finance (MoF). Corporate individuals can apply for Tax Domicile Certificate in UAE to avoid...

Who Should Opt for VAT registration in UAE? When business conduct trade in the UAE, one important question asked is “Do you have a TRN?”. This looks very common and simple but for new businesses, it creates...

What are Incoterms? The term Incoterms have always been a key phrase associated with International trade. Incoterms became common parlance amongst business groups with the introduction of VAT in UAE. A...

Time Frame for Recovering Input Tax in the UAE As per the public clarification (VPTP017) issued by the Federal Tax Authority (FTA) regarding the time frame for recovering input tax in the UAE, it prescribes the time period within which...

What are the Administrative Penalties For Non-Compliance of the UAE VAT Law?  The violation of the provisions of the UAE VAT Law can lead to certain VAT Fines And Penalties In The UAE. It is impor...

Profit Margin Scheme Under VAT in UAE Under UAE VAT law, normally VAT is calculated on the sales value. As an exception to that, the Federal Tax Authority (FTA) in the UAE has given an option to the Taxable person to p...

Extension of VAT Return Due Date By FTA In The UAE Extension of VAT Return due date is the latest update that came from the Federal Tax Authority, on 21st April 2020. Taxpayers in the UAE were eagerly waitin...