Do you know about VAT Refund for Tourists? Tourists to the UAE can also get the VAT they have paid back when they leave the country. However, they are required to pay a 15 per cent administrative fee as well as a 4.8 per cent…
Under VAT there are three categories: 5% Value Added Tax Zero-rated supplies Exempt supplies
Failing to submit application could lead to the Deregister from VAT in UAE and imposition of administrative penalties Abu Dhabi: The Federal Tax Authority, FTA, has defined the conditions for Deregister from VAT in UAE, in accordance with Federal Decree-Law No. 8 of 2017. In…
The UAE’s Federal Tax Authority (FTA) on Wednesday further clarified that though five per cent value-added tax (VAT) will be applicable to general e-commerce purchases however there are a number of special rules that apply to VAT Application for E-Commerce. It said the tax will…
This guide is prepared to help you navigate through the Federal Tax Authority Website and successfully complete your Value Added Tax (VAT) vat registration form. It is designed to help you:create an e-Services account with the FTA (you will need to do this before you…
What is VAT? Consultancy Services are required for your business in the UAE? The United Arab Emirates introduced a new indirect tax known as value Added Tax (VAT) at the beginning of January and has the rate of 5 percent on services and goods. The…
United Arab Emirates Releases Corporate Tax Law – Effective from 1 June 2023 On Friday, the UAE government unveiled its corporate tax law. The same content is available on the official website. It is considered one of the key milestones in the process of implementing…
In January 2022, the UAE Ministry of Finance announced the introduction of a UAE Corporate Tax (CT) on the net profits of companies. Corporate tax is a direct tax levied on the net profit or profit of a company or other entity. The United Arab…
What is Federal Tax Authority in UAE? FTA stands for UAE Federal Tax Authority. It is the government agency responsible for administering, collecting and enforcing federal taxes and related fines, as well as the distribution of tax revenues and application of tax-related procedures in…