The Individual Responsible For Paying The Tax
Federal Decree-Law No. 7 Of 2017 for The Individual Engaging In Any Of The Activities Mentioned In Clause 2 Of Article 2 Of This Decree-Law Is Responsible For Paying The Tax The responsibility for paying the Due Tax is outlined in the following manner within the context of this Decree-Law. When any individual engages in […]
Understanding VAT, Corporate Tax, and Excise Tax Penalties in the UAE
Understanding VAT, Corporate Tax, and Excise Tax Penalties in the UAE What is VAT? VAT, an indirect tax based on transactions, is applied at various stages of the supply chain. The burden of VAT cost is usually borne by end consumers, while registered businesses play the role of tax collectors, responsible for collecting and reporting […]
Administrative Penalties for Violations in Excise Goods Digital Tax Stamping
UAE Implements Administrative Penalties for Violations in Excise Goods Digital Tax Stamping The United Arab Emirates (UAE) has taken a significant step in regulating excise goods through Cabinet Decision No. 33 of 2019. This decision, issued by the Prime Minister, His Highness Sheikh Mohammad Bin Rashid Al Maktoum, introduces administrative penalties for violations related to […]
Excise Tax Compliance: Dos and Don’ts
Navigating Excise Tax Compliance: Dos and Don’ts Under UAE Tax Laws Excise tax compliance is a crucial aspect of doing business in the United Arab Emirates (UAE). Understanding and adhering to the excise tax regulations is essential to avoid penalties and fines imposed by the Federal Tax Authority (FTA). This article aims to provide an […]
VAT for Designated Zones in the UAE
VAT for the Designated Zones in the UAE Excise Tax in the UAE: What Businesses Need to Know About Designated Zones In the world of business, staying informed about the latest regulations and policies is crucial. And when it comes to taxation, it becomes even more important. The United Arab Emirates (UAE) has implemented an […]
Q2 2023 – GCC Tax News & Updates
Q2 2023 – GCC Tax News & Updates As part of our commitment to keeping you informed about the latest developments in the financial landscape, we are delighted to present our newsletter featuring tax highlights for GCC (Gulf Cooperation Council) countries. The GCC region is known for its dynamic economic environment, with each country having […]
DZ Renewal and the Required Documents
Excise Tax – Designated Zones Renewal and the Required Documents Introduction When applying for your designated zone registration its mandatory to have the information presented in a suitable format for the online application. Keep in mind that not all the documents listed below may be needed for the renewal. Only the documents evident tot the […]
Excise Tax – Maximizing Excise Refunds
Excise Tax – A Comprehensive Guide on Maximizing Excise Refunds in the UAE Introduction Understanding the nuances of excise tax refunds is crucial for firms operating in the UAE to maximize financial results. The government of the United Arab Emirates has set up a structure that enables Taxable Persons to request refunds on extra refundable […]
Excise Tax – Tax Litigation
Excise Tax – Understanding the Law and Circumstances of Tax Litigation in the UAE Any country’s economic development and growth depend heavily on its tax system. The United Arab Emirates (UAE) has established itself as a centre for global commerce, drawing investors and businesspeople from throughout the world. Since a contemporary tax system was put […]
What happens when companies do not have Exit Certificates?
What happens when companies do not have Exit Certificates? An Exit Certificate for Goods is an official document issued by UAE ports to confirm that all goods being exported have met all the necessary requirements and standards for departure. It is also known as a Customs Exit Certificate or a Shipment Release Certificate, and it […]
