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Underlying Supply - Determines VAT on Recharges
Underlying Supply - Determines VAT on Recharges
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 ..
Fundamentals of GCC VAT Law - First Edition
GCC
Fundamentals of GCC VAT Law - First Edition
Halil Erdem on 04 September 2021
This book is the first of its kind and provides the reader with an understanding of the fundamentals of VAT that has recently been introduced in the Gulf Cooper..
VAT Refund Scheme for Official Participants in Expo 2020
UAE
VAT Refund Scheme for Official Participants in Expo 2020
Steve Kitching on 02 September 2021
With Expo commencing in October 2021, the Federal Tax Authority (FTA) has recently emphasized that the official participants are eligible for VAT refund on thei..
Automotive Sector and VAT Available for Use but with VAT on Toll
Automotive Sector and VAT Available for Use but with VAT on Toll
Hemant Mundhra on 11 July 2021
FTA [Federal Tax Authority of UAE] has recently issued a long awaited VAT Guide on Automotive sector. It has clarified many matters related to this sector for V..
FTA guidelines on automotive sector
UAE
FTA guidelines on automotive sector
Dilip Jain on 05 July 2021
FTA VAT Guidance on automotive sector ( VATGAM1) The guide is applicable for supplies made by motor vehicle dealers in the UAE: supply of new cars th..
UAE Supreme Court sets new test for tax dispute time limits (extensions)
UAE
UAE Supreme Court sets new test for tax dispute time limits (extensions)
Mahmoud Abuwasel on 05 July 2021
In a recent judgment, the Federal Supreme Court ruled that the time limits related to tax disputes do not necessarily commence when notification is issued but ..
Restrictions on unincorporated joint ventures disputing taxes and tax penalties in the UAE
UAE
Restrictions on unincorporated joint ventures disputing taxes and tax penalties in the UAE
Mahmoud Abuwasel on 27 June 2021
Issue Companies often engage in and operate projects in the UAE through a joint venture or consortium structure. This is often the case in the construction i..
New obligations for digital platforms: According to the OECD and the European Union
Others
New obligations for digital platforms: According to the OECD and the European Union
Pablo Porporatto on 13 June 2021
Introduction In the digital economy, virtual platforms are fundamental pieces and should be considered key contributors to the tax compliance of users and ot..
VAT on Sale or Disposal of motor vehicle held as business asset in UAE
UAE
VAT on Sale or Disposal of motor vehicle held as business asset in UAE
Karan Mutneja on 10 June 2021
UAE VAT on Sale or Disposal of motor vehicle held as business asset VAT on Purchase of Motor Vehicle for Business Purpose Article 53of the Executive R..
Input VAT Credit - Foundation stone of Value Added Tax
Input VAT Credit - Foundation stone of Value Added Tax
Hemant Mundhra on 07 June 2021
Decree-Law on VAT in UAE and its Executive Regulations provide self-declared flow of credit in the supply-chain, from the producer to consumer. Input VAT credit..

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