Export transactions from the UAE are governed by specific Value Added Tax (VAT) provisions laid down by the Federal Tax Authority (FTA). While the standard VAT rate is 5%, the UAE VAT Law provides zero-rating for qualifying exports, subject to...
The introduction of Corporate Tax in the UAE alongside the existing Value Added Tax (VAT) regime has brought about new compliance challenges and opportunities for businesses. While both are indirect and direct taxes respectively, their intersection can create complexity in...
In the United Arab Emirates, Value Added Tax (VAT) is an integral part of business compliance. One of the critical scenarios that businesses face is dealing with bad debts—when customers fail to pay invoices. Fortunately, the UAE VAT law allows...
With the introduction of the UAE Corporate Tax regime, effective from June 1, 2023, businesses must re-evaluate their organizational structures and operations to ensure they are not only compliant but also tax efficient. A well-planned corporate reorganization can help reduce...
With the introduction of the UAE Corporate Tax under Federal Decree-Law No. (47) of 2022, all taxable persons are required to register with the Federal Tax Authority (FTA). The process is designed to be efficient and is conducted through the...
As the Federal Tax Authority (FTA) increases its oversight, businesses in the UAE must be prepared for a Value Added Tax (VAT) audit. A VAT audit is an official inspection of a business’s financial records and VAT returns to verify...
Under the UAE VAT regime, not all goods and services are treated the same. Businesses must understand how to classify their supplies as taxable, zero-rated, or exempt to comply with Federal Decree-Law No. (8) of 2017 and avoid incorrect VAT...
Since the introduction of VAT in the UAE in 2018, it has become mandatory for registered businesses to file regular VAT returns with the Federal Tax Authority (FTA). Filing VAT returns on time is essential for ensuring compliance and avoiding...
With the introduction of the UAE Corporate Tax regime, businesses now have the option to form a Tax Group—allowing two or more UAE-resident entities to be treated as a single taxable person for corporate tax purposes. This brings significant advantages...
The UAE introduced Value Added Tax (VAT) on January 1, 2018, at a standard rate of 5%. While most businesses collect and pay VAT on their taxable supplies, they are also eligible to reclaim VAT paid on their business-related expenses....
