Anu Goel on 03 March 2023
The United Arab Emirates (UAE) has been making strides towards building a modern and efficient tax system that supports the countrys economic growth and develop..
Anu Goel on 28 February 2023
The United Arab Emirates (UAE) introduced a Value Added Tax (VAT) system on January 1, 2018, which requires businesses to comply with certain record-keeping req..
Radhika Kumar on 12 July 2022
UAE has a long-standing association with the gold jewelry industry. It is famously known as the City of Gold. In fact, for a lot of people from the Indian sub-c..
Muhamed Ashique on 24 June 2022
Overview
Determination of accurate VAT treatment is crucial in every business transaction hence, an indispensable care is significant to determine the VAT tr..
Abdulrahman A Bucheeri on 13 April 2022
On 1 January 2022, the standard rate of VAT in Bahrain was increased from five percent to ten percent, making Bahrain the second GCC country to lift the VAT rat..
Ujjwal Pawra on 11 April 2022
VAT on additional GFA
Over the past years, the UAE has witnessed an exponential growth in the development of real estate projects,and it is known for its fla..
CA Nabeela Bhanu on 04 April 2022
WHY IS THE TOPIC RELEVANT?
The amount of VAT spent on expenses like mobile phones and data packages made available to employees is a recurring and one of the..
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..
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 ..
Nitin Agarwal on 09 September 2021
Businesses recover costs and charges from different stakeholders including employees and entities across borders. The World of Tax categorizes these recoveries ..
