Value-added tax (VAT) is a tax levied on each value-added level of a product throughout the supply chain.
Majority of businesses in UAE which meet the criteria for registration under VAT have already registered.
What is the VAT Return: The official document to be completed by the Taxable Person
A VAT audit is a process of investigating the financial data & records of taxpayers in the UAE.
A VAT refund is a refund of VAT paid on goods purchased in Europe as a non-resident.
Federal Decree-Law No. 18 of 2022, amending the VAT Law, was released by the UAE’s President.
Carbonated drinks include any aerated beverage except for unflavoured aerated water.
Excise tax is an indirect tax levied on the sale of certain goods.
Corporate tax is a form of direct tax levied on the net income or profit of corporations
We reaffirm our commitment to meet international standards for tax transparency and to prevent harmful tax practices.
Legal entities that have a permanent establishment in the UAE, are incorporated in the UAE
A competitive CT regime based on global best practices is expected to strengthen the UAE’s position as a top business
Companies and establishments that are involved in ‘relevant activities’ in the UAE are required to submit economic substance
We provide ESR UAE services to help companies remain compliant with the requirements of Economic
The UAE applies (ESR) to local businesses located in the country, including businesses within free zones
The purpose of bookkeeping is to systematically record financial activities and transactions in chronological order.
As businesses expand and become more dynamic, the need for a senior-level financial
The primary role of internal audit is to help an entity secure its assets, reputation and sustainability along
It is a myth that the auditing of a company needs to be done only because it is mandatory by law.
An inventory audit is defined as the process of checking a company’s actual inventory levels against their financial records
Generally, a backlog refers to an order or document that needs to be completed.
All Designated Non-Financial Businesses and Professions (DNFBPs) were required to register with the goAML portal.
Tax Residence Certificate (TRC), referred to the certificate that is issued by the UAE Federal Tax
In case a company wishes to import or export goods into or from Dubai, it needs to be register with Dubai Customs
Starting a company / business in Dubai with Dubai Business Setup in simple and time-saving.
A liquidator is a UAE-registered agent or a firm, typically a chartered accountancy or audit firm
Understanding any tax system requires familiarity with its specific language and terminology. This terminology encompasses essential terms commonly used in the administration and management of taxes, each representing a distinct concept or legal definition. Proficiency in these terms streamlines the comprehension of tax regulations and…
With the impending arrival of the Value Added Tax (VAT) system in the United Arab Emirates (UAE), it is imperative to become acquainted with its essential features. VAT is a general consumption tax that will be levied on most goods and services transactions, barring specific…
With unanimous approval and the formal signing of the GCC United VAT Agreement by all member nations, the implementation of the VAT taxation system in GCC Member States is on the horizon. The target is for it to become fully operational by 2018, and one…
Starting from January 1, 2018, businesses registered under UAE VAT are obligated to submit their VAT returns online. These returns must be filed on a quarterly basis, with some businesses required to file them monthly. The VAT return form 201 can be filed at a…
Starting on January 1st, 2018, businesses in the UAE must adhere to VAT compliance regulations. One key requirement for compliance is the submission of VAT returns. Most UAE businesses are expected to file these returns on a quarterly basis, while some specific types of businesses…
It is essential to familiarize ourselves with this important fiscal reform.” VAT in the UAE is an extensive consumption tax that will apply to most transactions involving goods and services, unless they are specifically exempted by the law. This tax will be applied at various…
What Constitutes VAT Exempt Supplies in the UAE? Exempt supplies in the context of UAE’s Value Added Tax (VAT) refer to the provision of goods or services for consideration during business operations in the state, where no tax is applicable, and input tax recovery is…
Value Added Tax (VAT) Registration Process in the UAE Introduction to VAT Registration in the UAEVAT registration in the United Arab Emirates signifies official recognition by the government as a Goods and Services provider, granting the authority to collect VAT from customers and remit it…
How to associate your Tax Registration Number (TRN) with Dubai Customs The Federal Tax Authority (FTA) and the UAE Customs Departments have joined forces to streamline the collection of VAT on imported goods. For all businesses registered under VAT, it is imperative to furnish their…
When it comes to corporate tax in the UAE, the implications for Free Zone Persons differ from those for juridical persons or individuals. This article will provide you with comprehensive insights into Free Zone Persons, how they distinguish themselves from other categories of taxpayers, and…