Friday, April 27, 2018
Tags VAT

VAT

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...

How VAT Affects Home Ownership and Renting in Dubai

As a UAE resident, one of the biggest financial decisions you’ll face is that of buying or renting a home. Owning a home involves...

Economic Confidence in GCC Remains Stable despite VAT Adoption

Confidence in the Middle East is stable, even with the adoption of VAT in the GCC, according to the latest edition of the Global...

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...

UAE Residents Worried About Cost of Living Being Raised by VAT

• yallacompare survey finds 44.6% are worried about not being able to afford the increased cost of living as a result of VAT being...

PAN Emirates Will Not Charge VAT To Customers In 2018

PAN Emirates Home Furnishings, a local label in luxurious indoor, patio and outdoor furniture that is sure to light up any living space, takes...

VAT Impact Will Attract Global Players To Dubai Real Estate Market

The introduction of Value Added Tax in the UAE from next month will provide major new incentives for institutional investors to enter the Dubai...

VAT: What Buyers and Renters Need to Know Now

Real estate brokering is defined as a service under the new UAE tax law, which will take effect 1 January 2018. This means...

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...

Online Registration For Value Added Tax Is Now Open

The UAE Federal Tax Authority (FTA) announced that online registration for the Value Added Tax (VAT) is now open, through its website, as part...

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,...

Executive Regulation of Federal Law on Tax Procedures Released

The UAE Ministry of Finance has release the Executive Regulation of The Federal Decree-Law No (7) of 2017 on Tax Procedures, approved by the...

Excise Tax to Go into Effect on October 1, 2017

The planned Excise Tax is set to go into effect at the beginning of October 2017, announced the Federal Tax Authority (FTA) at a...

UAE Excise Tax To Be Paid in e-Dirham Only

The UAE Excise Tax, due to go into force effective 1st October, shall be collected in e-Dirham only, the Federal Tax Authority has announced. The...

VAT in GCC: What does it mean for your business?

On 1 January 2018, value-added tax (VAT) will come into effect for the first time in United Arab Emirates. Naturally, small businesses are concerned...