Articles

Reclaiming VAT paid by foreign businesses/ business visitors in UAE
UAE
Reclaiming VAT paid by foreign businesses/ business visitors in UAE
Anshika Agrawal on 19 February 2020
Foreignbusinessesmay also recover theVATthey incur whenvisitingtheUAE. As per Article 67 of Executive Regulations of UAE VAT Law, businesses/ business visito..
Now that you paid a tax penalty, have you looked at your tax indemnification agreements for recourse?
UAE
Now that you paid a tax penalty, have you looked at your tax indemnification agreements for recourse?
Mahmoud Abuwasel on 18 February 2020
Scene You are a services or goods provider registered as a taxpayer with the Federal Tax Authority. You are facing liquidity and cash flow difficulties. ..
Eye Care and UAE VAT : A Case Study Based Analysis
UAE
Eye Care and UAE VAT : A Case Study Based Analysis
CA Shrey Joshi on 16 February 2020
EYE-CARE AND UAE VAT: A CASE STUDY BASED ANALYSIS This article aims to look at the goods and services supplied by eye-care professionals, and their possible ..
Emergence of New Breed of Tax Professional in Digital VAT World
UAE
Emergence of New Breed of Tax Professional in Digital VAT World
Alia Noor on 14 February 2020
Being able to track information 'has always been the taxman's dream'- Pascal Saint-Amans, OECD Governments around the world are seeking new sources of reven..
Economic Substance Regulations - Bahrain
Bahrain
Economic Substance Regulations - Bahrain
Amarendra Mohanty on 12 February 2020
In order to meet the European Union criterion 2.2 and Base erosion and profit shifting (BEPS) Action 5 minimum standard of OECD, the Kingdom of Bahrain has impo..
Economic Substance Regulation (ESR) -UAE
UAE
Economic Substance Regulation (ESR) -UAE
Amarendra Mohanty on 11 February 2020
On 30 April 2019, the UAE Cabinet issued the Cabinet of Ministers Resolution No.31 of 2019 (concerning economic substance regulations in the UAE, the Regulation..
Digitalization of Tax Administrations and Taxpayers' Rights
Digitalization of Tax Administrations and Taxpayers' Rights
Alfredo Collosa on 10 February 2020
The Tax Administrations (TAs), like the rest of the public and private sector organizations, seek to permanently use the new technologies to be more effective a..
Applicability of VAT on Salaries and Wages, in the Kingdom of Saudi Arabia KSA
KSA
Applicability of VAT on Salaries and Wages, in the Kingdom of Saudi Arabia KSA
Ganesh Nair on 06 February 2020
As we know, the Kingdom of Saudi Arabia introduced Value Added Tax (VAT) @ a Standard rate of 5%, on the importation and supply of goods and services with very ..
Union Budget 2020 - Impact on NRIs
Union Budget 2020 - Impact on NRIs
Kinjal Bagadia on 06 February 2020
The proposed Tax Residency rules for individuals as per Budget 2020 Under the Indian Income tax Law (ITL), the incidence of taxation is based on the residen..
India Finance Bill, 2020 - Provisions relating to Direct Taxes, Section H
UAE
India Finance Bill, 2020 - Provisions relating to Direct Taxes, Section H
CA Rajiv Hira on 04 February 2020
Lets understand why this section itself in included in the Finance Bill. Roots of this provision seems to be originated from the OECD (Organisation for Economic..

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