What is VAT and when is it to be implemented? VAT or Value Added Tax UAE is a consumption-based tax that is to be implemented from 1st January 2018 in the UAE. Announced through the Federal Decree – Law no. (8) of 2017 by the Ministry of Finance of UAE, the new VAT regulations state the […]
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Looking for an opportunity to reduce or avoid VAT penalties which have been accumulating over a period of time? This information must give you an useful insight for the same. The UAE Cabinet of Ministers issued Decision No. 49/2021 amending provisions of Cabinet Decision No. 40/2017 regulating tax penalties on 28th April 2021 which are: […]
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