Articles

 VAT impact on Gold Jewelry Industry
VAT impact on Gold Jewelry Industry
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..
How we can go wrong in determining VAT Treatment
UAE
How we can go wrong in determining VAT Treatment
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..
Bahrain VAT rate is increased to 10%
Bahrain
Bahrain VAT rate is increased to 10%
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..
UAE VAT on additional Gross Floor Area
UAE
UAE VAT on additional Gross Floor Area
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..
How do you deal with VAT on expenses like mobile phones, airtime, and data packages made available to employees?
How do you deal with VAT on expenses like mobile phones, airtime, and data packages made available to employees?
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..
E-Commerce Guidelines
E-Commerce Guidelines
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..
Bahrain VAT - Expected Transitional Provisions (effect of change -VAT 5% to 10%)
Bahrain
Bahrain VAT - Expected Transitional Provisions (effect of change -VAT 5% to 10%)
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 ..
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..

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