In 2019, the United Arab Emirates (UAE) took extensive steps to align its tax practices with worldwide requirements through introducing the Economic Substance Regulations (ESR). These policies had been designed to fight dangerous tax practices, consisting of tax avoidance and evasion, which had drawn scrutiny...
Introduction Like other practices tax filing is a crucial aspect of running a tax audit firm in Dubai. But, navigating the complexities that surround the tax code can be challenging, and even small mistakes could lead to financial penalties and legal embroilments. In this blog post...
The Federal Tax Authority (FTA) of the UAE has recently brought Decision No. 5 of 2024 regarding the Refund of Fees for Private Clarification Requests. This decision, effective from August 1, 2024, is part of the FTA's ongoing efforts to decorate conversations with taxpayers and...
Tax Registration Dubai is significant because it allows tax-paying entities to comply with the latest changes that were made to the Federal Decree Law No 7/2017 regarding Excise Taxes within the United Arab Emirates through Ministerial Decision No. 108/2023. This blog provides guidelines and requirements...
Companies in the United Arab Emirates (UAE) that can be registered for Value Added Tax (VAT) are given a Tax Registration Number (TRN) of Federal Tax Authority (FTA) resources. TRN is a unique identifier assigned to each VAT-registered entity within the UAE. It is important...
It has become vital to determine tax residency in the UAE, particularly after the introduction of the UAE corporate tax law. The UAE Ministry of Finance has issued the “Ministerial Decision No. 27 of 2023” on the determination of Tax Residency. The Ministerial decision clarifies...
Dubai is a tax-free city, which means that there is no sales tax or VAT on goods and services purchased in the city. This makes Dubai a popular destination for shoppers from all over the world. There are a number of different ways to take advantage...
In recent years, a lot of attention has been paid to the UAE's excise tax law. Fully intent on advancing general well-being and safeguarding the climate, the UAE government has executed an extract charge on unambiguous items that are thought of as destructive. We will...
