UAE has been going through a significant change in its compliance standards of tax in the last few years. Due to the advent of VAT tax in 2018 and other tax compliance policies, the UAE government has started taking actions towards tax compliance and streamlining...
If you are running a business in the UAE, then you must know about its tax system. VAT is one of the most crucial taxes in the UAE. Value Added Tax is a tax on the use of services and goods levied at every sale....
The VAT filing and VAT implications for the healthcare sector are complex. Many industries related to healthcare are supplying, producing, and administrating a variety of services. You will witness a complex VAT filing and implications in the UAE. VAT consultants in Dubai explain it better...
All taxable persons with a minimum turnover of AED 375,000 or above should register with the Federal Tax Authority. The tax registration number will be issued by the Federal Tax Authority. The UAE is known for its attractive tax environment. The country continuing to levy a...
The TRN number of the company is a unique tax registration number designated to every company that registers for VAT in the UAE. The TRN number is a unique 15-digit number. This number is issued by the federal tax authority in the UAE. This TRN...
The United Arab Emirates (UAE) implemented a value-added tax (VAT) system in January 2018. VAT is a consumption tax that is applied to most services and goods supplied in the UAE. The standard VAT rate is 5%. Business visitors to the UAE may be eligible for...
The Value Added Tax (VAT) is a consumption tax that is applied to most services and goods sold in the UAE. Businesses that are registered for VAT are needed to file VAT returns on a quarterly and monthly basis. Filling VAT returns can be a difficult...
The United Arab Emirates (UAE) implemented a value-added tax (VAT) system on January 1, 2018. This means that all businesses, including Amazon sellers, that make taxable supplies in the UAE are required to register for VAT and charge VAT on their sales. The VAT registration threshold...
The digital economy is an important part of global trade, and this sector continues to grow constantly. However, the application of Value Added Tax (VAT) on digital services can be complicated, especially if it is supplied internationally. The UAE VAT Law includes provisions to discuss...
While introducing the VAT in the UAE the government has given four kinds for supplies: zero-rate, the standard rating of 5%, and out-of-scope supplies. VAT consultants in Dubai have witnessed taxpayers being confused to differentiate between the zero-rated, the standard, out of scope, and exempted. Making...
