Mahmoud Abuwasel on 25 April 2021
Recently, in a dispute that Wasel Wasel was counsel on, the Federal Primary Court ruled providing a definition and test for the tax benefit penalty for the fir..
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..
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..
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..
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..
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..
Girish Chand on 01 March 2021
The Oman tax authority recently introduced staggered VAT Registration by Oman Tax Authority. This step would be helpful to both the entities as well as to the ..
Editor on 20 February 2021
In a typical international logistics transaction, a consignor (person who wishes to get the goods transported) enters into a contract with a transporter for mov..
Editor on 18 February 2021
A peculiar situation was noticed when a Person (an individual) was highlighted a portion of the Directors fee he received in 2018 for the board meetings that he..
Bhawna Chopra on 30 January 2021
Omans VAT law states that, in accordance with Article 47, financial services are exempt.
It has been specified that the regulations will include further cond..
