New UAE tax residency criteria applicable from 1st March 2023
New UAE Tax Residency criteria applicable from 1st March 2023 Decision No. 85 of 2022, issued by the UAE Cabinet of Ministers on 9 September 2022, introduces a new domestic definition and criteria for determining when an individual or legal entity is considered a Tax Resident of the UAE under any UAE tax law or […]
The FTA in the UAE Eases VAT Compliance for Directors’ Fees: An Overview of Recent Changes
The FTA in the UAE Eases VAT Compliance for Directors’ Fees: An Overview of Recent Changes The Federal Tax Authority (FTA) in the UAE has recently made changes to the Value Added Tax (VAT) treatment of director’s fees. The FTA has amended Article 3 of the Cabinet Decision No. 52 of 2017 on the Executive […]
VAT Implications in Transportation Industry
VAT Implications in Transportation Industry Transportation in simplified terms means the mode of transport. Transportation supports in navigating goods/ passengers to the determined place at the scheduled time as per the customer requirement. The means of transportation are bus, train, vehicle, aircraft, ship etc., while the mode of transportation could be roadways, airways, or sea. […]
Supporting documents for Cases related to Waiver of Administrative Penalties Cabinet Decision No. 105 of 2021
Supporting documents for Cases related to Waiver of Administrative Penalties Cabinet Decision No. 105 of 2021 Cases for Waiver of Administrative Penalties Supporting documents Death of the registered natural person or the owner of a sole establishment, if the death was a direct cause for failing to fulfil the tax obligation. •Official death certificate issued […]
Cabinet Decision No.49 : Value Added Tax Penalties amended in the United Arab Emirates
Cabinet Decision No.49 : Value Added Tax Penalties amended in the United Arab Emirates On 28th April 2021, Cabinet decision No.49 was updated in UAE. The update is in regards to administrative penalties on tax violations within the country. This amendment is applicable after 60 days from the date of issue. Click here to know […]
The Federal Tax Authority’s installments scheme for Tax Penalty payment
The Federal Tax Authority’s installments scheme for Tax Penalty payment The Taxpayers can now convert Penalty Payments into Installments The Federal Tax Authority (FTA) has issued Cabinet Decision No. 105 of 2021 on the Procedures of Administrative Penalty Installments and Waivers effective from 1 March 2022. Following this decision, the Taxpayers can now submit a […]
VAT Designated Zone
VAT Designated Zone Definition: A Designated Zone is an area that is specified by the cabinet decision and that meets the conditions prescribed in the UAE Executive Regulation. In other words, the Designated Zone is a VAT-free zone that is considered to be outside the State of UAE for the purpose of VAT. As a […]
