Intricacies of Designated Zone in UAE and it's VAT and Customs Obligations. Buy Now!!

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EU tactics to combat GCC tax evasion
GCC
EU tactics to combat GCC tax evasion
Halil Erdem (MiddleEast) on 18 November 2021
VAT is a tax on consumption. It affects all of us when buying goods and services. Whether were buying groceries or browsing the internet for impulse buys. The s..
Adjustment for Prepopulated Import of Goods
Adjustment for Prepopulated Import of Goods
Chirag Agarwal on 15 November 2021
Do you know input tax on prepopulated import of goods can be claimed only if the ownership of the goods is being transferred before the physical delivery of the..
Redetermination of Administrative Penalties Levied Prior to the 28th of June 2021
Redetermination of Administrative Penalties Levied Prior to the 28th of June 2021
Chirag Gupta on 25 October 2021
Just to give a brief background, The UAE Cabinet issued Decision No. 49 of 2021 on Amending some Provisions of Cabinet Decision No. 40 of 2017 on Administrative..
E-Invoicing
E-Invoicing
Osama Kurdi on 16 October 2021
1. Overview Zakat, Tax and Custom Authority [ZATCA] has recently published E-Invoicing Regulations including the Control Requirements, Technical Specificatio..
Profit Margin Scheme
Profit Margin Scheme
Chirag Gupta on 16 October 2021
Today we are going to discuss about Profit Margin Scheme. As per UAE VAT Law under normal circumstances, the 5% VAT is calculated on the sales price. However, t..
Bad Debts Adjustments and Reversal of Input Tax in UAE
Bad Debts Adjustments and Reversal of Input Tax in UAE
Chirag Agarwal on 09 October 2021
Do you know VAT Paid on unpaid customers which is outstanding for more than 6 months could be adjusted in the subsequent VAT return. There is a specific tab cal..
Value Added Tax and the use of Blockchain Technology
Value Added Tax and the use of Blockchain Technology
Alfredo Collosa on 06 October 2021
The digital age is shaping the world of tax into an entirely different format. It not only shifts the relationship between taxpayers and tax authorities, but al..
Tax Audit by UAE's Federal Tax Authority (FTA) - Crucial Points to Remember
UAE
Tax Audit by UAE's Federal Tax Authority (FTA) - Crucial Points to Remember
Fiaz Ahmad on 05 October 2021
Recently completed three tax audits by the Federal Tax Authority (FTA) and there are few crucial points to address for the efficiency and ease of Audit for ever..
E-Commerce Guidelines
E-Commerce Guidelines
Mayank Ahuja on 30 September 2021
The rise of e-commerce has radically altered the worldwide retail market. However, this global trend, that has changed the dynamics of buyer behavior,as well as..
Bahrain VAT - Expected Transitional Provisions (effect of change -VAT 5% to 10%)
Bahrain
Bahrain VAT - Expected Transitional Provisions (effect of change -VAT 5% to 10%)
CA Rajiv Hira on 28 September 2021
ISSUE OF INVOICE OR RECEIPT OF CONSIDERATION BEFORE THE DATE OF CHANGE (EXPECTED DUE DATE (EDD)) Under the general VAT rules, in the event of the issue of a ..

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