Tags Taxation

Taxation

Ministry of Finance and Arab Monetary Fund to organise the Arab...

The forum is being organised in cooperation with the Federal Tax Authority and the International Tax and Investment Centre The Ministry of Finance (MoF) and...

Double taxation agreement between UAE and Saudi Arabia comes into effect

The agreement enhances integration and cooperation frameworks in tax matters, and consolidation of financial, economic and investment partnership between the two countries It...

UAE Government on the EU’s declaration of the list of non-cooperative...

The United Arab Emirates is committed to all international agreements, procedures and standards adopted and related to tax procedures, and works with all concerned...

VAT Refund for Tourists In UAE Starts Q4 2018

The UAE Cabinet has adopted a decision to implement the value added tax refund system for tourists, which will integrate between retail outlets with...

Why Are Indian Entrepreneurs Moving to Dubai?

The last edition of Dubai SME 100 ranking affirmed that maximum entrepreneurs in Dubai are from India. Not only the SME sector but Dubai...

VAT Has Limited Impact on Real Estate Sector

The Federal Tax Authority (FTA) and Dubai Land Department (DLD) have confirmed that the UAE’s recently introduced VAT will have a limited impact on...

VAT Registration Easy Through e-Services Portal, FTA Claims

The Federal Tax Authority (FTA) reaffirmed that registering for Value Added Tax (VAT) can be done in three easy steps through the e-Services portal...

UAE Optimistic For 2018 Despite Expecting VAT To Be A Challenge

New YouGov Omnibus research has found that despite expecting VAT to be a challenge in the UAE, residents are largely optimistic for the year...

VAT Calculator, Tax Registration Number Verification Service Now Online

The new services are part of the Authority’s efforts to protect consumers and prevent any attempts at price manipulation and profiteering. The Federal Tax Authority...

The Impact of VAT on Car Ownership in Dubai

Owning a car in the UAE is a big decision since it involves many hefty expenses including fuel, insurance, parking and maintenance. For those...

Designated Zones in UAE for VAT Exemption Revealed

The Ministry of Finance has clarified the details of Cabinet Decision No. (59) of 2017 on Designated Zones for the purposes of the Federal...

Dubai Economy Asks Businesses Not to Hike Prices Ahead of VAT

The Commercial Compliance & Consumer Protection (CCCP) sector in Dubai Economy has called on retailers in Dubai not to use the VAT (value added...

VAT for Residential and Commercial Real Estate Explained

The supply of commercial real estate, selling or leasing, will be subject to the Value-Added Tax, VAT, at 5%, while residential units will remain...

30 Business Days Left To Register For VAT

Value Added Tax is set to go into effect on January 1, 2018. A 5% tax will be imposed on the import and supply of...

Executive Regulations on Value Added Tax Announced

Ministry of Finance Announces Executive Regulation for Federal Decree-Law No. (8) of 2017 on Value Added Tax The UAE Ministry of Finance has announced the...

VAT to Increase Costs for Real Estate Investors Across GCC

A survey of local investment professionals across the GCC region revealed that real estate is likely to become a costlier investment following the implementation...

Federal Tax Authority Calls On All Businesses To Register for VAT

Registration is encouraged to avoid the risk of missing the January 1, 2018, deadline, which would entail the Administrative Penalties stipulated in Cabinet Decision...

VAT in GCC: Benefits of Voluntary Registration

From 1 January 2018, any business operating in the Gulf Cooperation Council (GCC) group of nations that earns revenue of Dhs 375,000 or more,...