Articles

Recoverable Ratio and it's Nuances! Can 'Tax Value' based ratios provide a reasonable basis of apportionment?
UAE
Recoverable Ratio and it's Nuances! Can 'Tax Value' based ratios provide a reasonable basis of apportionment?
MRADUL GUPTA on 08 April 2021
Recoverable Ratio and its Nuances! Can Tax Value based ratios provide a reasonable basis of apportionment? Input VAT Recoverable Ratio (also commonly known a..
Transition to digital space - Impact on Auditing and Taxation
India
Transition to digital space - Impact on Auditing and Taxation
Jyoti Jaiswal on 05 April 2021
The impact of technology is so pervasive in all sphere of our lives and we may like it we may hate it, we may even dread it, but we just cant miss it. Innova..
Bad Debt adjustment and FTA clarification
UAE
Bad Debt adjustment and FTA clarification
Dilip Jain on 29 March 2021
Adjustment on Account of Bad Debt Relief- Public clarification This article on the bad debt adjustment covers three sections: Relevant provisions o..
VAT treatment of the repair/refurbishment work provided by to the Customers including replacement of parts
VAT treatment of the repair/refurbishment work provided by to the Customers including replacement of parts
Dilip Jain on 26 March 2021
As per Article 2 of the VAT Decree Law,VAT shall be imposed on every taxable supply and deemed supply made by a taxable person and import of concerned goods int..
New Dubai Tax Dispute Resolution Committees now deciding on 2020 and 2021 objections
UAE
New Dubai Tax Dispute Resolution Committees now deciding on 2020 and 2021 objections
Mahmoud Abuwasel on 23 March 2021
Brief Since around September 2020, the tax dispute resolution committee of the Emirate of Dubai has been inoperable (under reformation). On 25 November 20..
Selection of Most Appropriate Transfer Pricing Method
Selection of Most Appropriate Transfer Pricing Method
Nilesh Patel on 23 March 2021
HOW TO SELECT THE MOST APPROPRIATE TRANSFER PRICING METHOD? 1. Introduction Under Transfer Pricing Bylaws of Saudi Arabia (KSA) - and most of the Countrie..
Reverse Charge Mechanism- Accounting Entries
UAE
Reverse Charge Mechanism- Accounting Entries
CA Rajiv Hira on 23 March 2021
Reverse Charge Mechanism is a system in which the responsibility of paying tax to Government shifts from seller to buyer. In forward charge mechanism, the suppl..
Taxability of Supply through an Agent
UAE
Taxability of Supply through an Agent
CA Rajiv Hira on 22 March 2021
An Agent is a person who acts on behalf of the principal and has the authority to bind the Principal to obligations towards third parties. The Agents actions, i..
A Guide on Simultaneous inspections
A Guide on Simultaneous inspections
Alfredo Collosa on 19 March 2021
In todays time the TAs need the cooperation of management. The reason behind this is that globalization of economic activities and new ways of doing business in..
UAE VAT on International Transport
UAE
UAE VAT on International Transport
CA Rajiv Hira on 18 March 2021
As per Article 33, VAT is applicable @ 0% in case of international transportation services for Passengers and Goods.The supply of international transportation S..

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