Articles

UAE VAT: Zero Rating of Export of Services
UAE
UAE VAT: Zero Rating of Export of Services
Thomas Lassey on 19 January 2021
Zero rating of Services Background One of the first updates to the UAE VAT Executive Regulations since they were published towards the end of 2017 relates..
Consequences of Businesses for Late Filing or Non-Filing of VAT in UAE
UAE
Consequences of Businesses for Late Filing or Non-Filing of VAT in UAE
Mohammad Ali on 17 January 2021
Although some penalties for violations related to VAT in UAE are becoming less severe, theres still a very alarming array of VAT enforcement powers that can tra..
Two tax dispute resolution committees formed for Dubai (Decree No. 691/2020)
UAE
Two tax dispute resolution committees formed for Dubai (Decree No. 691/2020)
Mahmoud Abuwasel on 30 December 2020
Since around September 2020, the tax dispute resolution committee of the Emirate of Dubai has been inoperable (under reformation). Objections that have been ..
E-invoicing for VAT/ GST
E-invoicing for VAT/ GST
Mayank Ahuja on 23 December 2020
Electronic invoicing (e-invoicing) refers to adoption of standard that requires every business to issue invoice according to a prescribed electronic format that..
Electronic Billing in Saudi Arabia
Electronic Billing in Saudi Arabia
Ganesh Nair on 14 December 2020
Quite an eventful year this 2020 is proving to-be from VAT standpoint. Actions taken by GAZT in the past few months were commendable and applauded. First, th..
Implications of crypto assets in the value-added tax, income tax and property taxes
Others
Implications of crypto assets in the value-added tax, income tax and property taxes
Pablo Porporatto on 14 December 2020
Introduction Crypto assets play a relevant role as currencies or means of payment and also as investment alternatives, with excellent expectations for future..
UAE VAT Treatment of Goods imported under DDP terms from Designated Zone
UAE
UAE VAT Treatment of Goods imported under DDP terms from Designated Zone
CA Rajiv Hira on 08 December 2020
What is DDP arrangement? In a DDP arrangement, the supplier is responsible for delivering the goods at the destination of buyer and paying all costs in bring..
UAE VAT Public Clarification (VATP022) for Dubai Owners' Associations and the Management Entities
UAE
UAE VAT Public Clarification (VATP022) for Dubai Owners' Associations and the Management Entities
Mayank Ahuja on 30 November 2020
The Public Clarification about VAT has been released by Federal Tax Authority for informing Dubais Owners Association as well as the Management Entities about t..
VAT on multiple vs. composite supplies
VAT on multiple vs. composite supplies
Thomas Lassey on 26 November 2020
Many supplies of goods and services made consist of several elements combined in a single transaction. Where such supplies occur, it is necessary for the suppli..
Owners Associations - UAE VAT Public Clarification
UAE
Owners Associations - UAE VAT Public Clarification
Dilip Jain on 18 November 2020
Owners associations- Public Clarification The Past: Owners associations (OA) have been in a somewhat tricky position since the introduction of value added..

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