VAT Supply of Goods and Services
10 Things You Need to Know About VAT in the UAE The Executive Regulation of the Federal Decree-Law No. 8 of 2017 on Value Added Tax Article 2 – Supply of Goods A transfer of ownership of Goods or of the right to use them from one Person to another Person shall include for instance […]
Q3 2023 – GCC Tax News & Updates
Q3 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 […]
The States of the Gulf Cooperation Council (GCC)
Common VAT Agreement of the States of the Gulf Cooperation Council (GCC) Common VAT Agreement of the States of the Gulf Cooperation Council (GCC) Part 1 – Place of Supply of Goods Article (10) Supply of Goods without Transportation The place of a Supply of Goods that occurs without transportation or dispatch thereof shall be […]
VAT – Supply of Goods and Services
The Executive Regulation of the Federal Decree-Law No. 8 of 2017 on Value Added Tax The Executive Regulation of the Federal Decree-Law No. 8 of 2017 on Value Added Tax Article 2 – Supply of Goods A transfer of ownership of Goods or of the right to use them from one Person to another Person shall […]
Refund of Tax for Exhibition and Conference Services
Refund of Tax for Exhibition and Conference Services: New Decision Unveiled (Cabinet Decision No. (26) of 2018 on the Refund of Value Added Tax Paid on Services Provided in Exhibitions and Conferences) Introduction: In a bid to support and facilitate the thriving exhibition and conference sector, the Authority has introduced a groundbreaking decision for the refund of […]
Advantages of doing Business in the UAE
Advantages of doing Business in the UAE While the UAE offers many advantages, it’s important to conduct thorough market research and understand the legal and regulatory requirements specific to your business activity and Emirate of choice. This will help you capitalize on the benefits and navigate any challenges effectively. Why do business in the UAE […]
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 […]
Streamlining Tax Invoices & Credit Notes in UAE
Streamlining Tax Invoices and Credit Notes: UAE Cabinet Decision No. 81 of 2023 In a move to simplify tax compliance and enhance efficiency, the United Arab Emirates (UAE) government has introduced Cabinet Decision No. 81 of 2023, which addresses the issuance of tax invoices and tax credit notes for different supplies. Consolidated Documents for Different […]
Under UAE’s VAT Refunds Scheme for Tourists
New Maximum Cash Refund for Tourists Under UAE’s VAT Refunds Scheme The Federal Tax Authority has recently issued Decision No. 6 of 2022, setting the maximum amount of cash refund for overseas tourists under the Value Added Tax (VAT) Refunds for Tourists Scheme. This decision, effective from 1 September 2022, aims to enhance the tourist […]
Amendments to Emirates’ Reporting for Electronic Commerce Supplies
Amendments to Emirates’ Reporting for Electronic Commerce Supplies The UAE Ministry of Finance has issued amendments to the reporting requirements for electronic commerce supplies. These amendments provide criteria and conditions for qualifying registrants to report their supplies made through electronic commerce. This article discusses the key provisions of the amendments and their implications for taxable […]
