How to Navigate UAE VAT Penalties With The FTA Payment Instalment Plan PIP?
As businesses continue to evolve in the UAE, VAT compliance remains a cornerstone of fiscal responsibility. Over the years, the
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As businesses continue to evolve in the UAE, VAT compliance remains a cornerstone of fiscal responsibility. Over the years, the
That time of the year is finally here as on 1st March, 2023 when the New Tax Procedure Law of
Visited Dubai recently and did some shopping? Had some delicious meals at restaurants? Or spent on a comfortable hotel stay?
It is important to be aware of the tax registration rules in UAE, for any business entity in the region
As some are searching for a great chance to earn a living on their terms, they often look at starting
The VAT consultant in Dubai ensures that VAT is charged on most goods and services at a rate of 5%,
What is Value Added Tax (VAT)? VAT or Value Added Tax UAE is a consumption-based tax that is to be
What is VAT and when is it to be implemented? VAT or Value Added Tax UAE is a consumption-based tax
Value Added Tax or VAT is a tax on the consumption or use of goods and services levied at each
The temporary zero-rating on medical equipment was legally validated by Cabinet Decision No. 9/12 of 2020. Furthermore, the Ministerial Decision No.
As a business owner in the UAE, staying on top of your Value Added Tax (VAT) compliance is critical. But
Save yourself from taxes and start a business in Dubai with Horizon Biz Consultancy. Businesses in the region have long enjoyed
It may happen sometimes that business face a dilemma, whether it can deregister from VAT, or continue being registered with
The UAE Federal Tax Authority recently released a public clarification outlining the Value Added Tax (VAT) rules regarding change of
The most awaiting clarification from UAE’s Federal Tax Authority (FTA) has been released through a recent VAT Clarification on Dubai
Consumers are usually rendered free vouchers, gift cards, cashback schemes, promotional discounts on goods and services in order to attract
There was a dilemma with people in UAE whether each sole establishment, owned by a natural person, needs to obtain
The new amendment is applicable to those UAE nationals who owns or obtain a land in the UAE and on
All tax registered businesses or individuals are required to file VAT returns on a monthly or quarterly basis. For this,
If you being a VAT registered business or individual, has wrongly endorsed of a VAT penalty, or not accord with
Before the clarification, Law regarding claiming Input VAT on Entertainment Expenses UAE was very general and vague. Most business while
VAT was introduced in UAE on January 1, 2018 and is an indirect tax charged on the consumption or use
Triple blow of declining oil prices, decreasing revenues from non-oil businesses and surge in healthcare expenses due to COVID 19
FTA recently added a new option of Clearance Certificate on FTA Portal which will be helpful for those businesses who
Due to Global Pandemic of COVID-19, many business leaders, retail chains, free zones announces rent waive for three or six
VAT is the self assessment tax by the taxable person. FTA accepts any amount reported by Taxable Person and assumes
UAE is the place of attraction to the world for tourists and Business both, and with response to that UAE
The United Arab Emirates (UAE) provides a thriving business environment with multiple options for company establishment. Foreign investors can choose
The VAT is leviable on the supply of goods or services. What constitutes a supply of goods or supply of
United Arab of Emirates is known as the most attractive place around the globe in terms of Business, trade, and