Articles

VAT Rates applicable to Education Sector in UAE
UAE
VAT Rates applicable to Education Sector in UAE
Anshika Agrawal on 25 June 2020
Education sector is one of the main sectors of UAE and, with the introduction of VAT in UAE from 1 January 2018, additional VAT is to be levied on certain good ..
Reclaiming VAT paid by foreign businesses/ business visitors in UAE
UAE
Reclaiming VAT paid by foreign businesses/ business visitors in UAE
Anshika Agrawal on 19 February 2020
Foreignbusinessesmay also recover theVATthey incur whenvisitingtheUAE. As per Article 67 of Executive Regulations of UAE VAT Law, businesses/ business visito..
Benefits of using FTA approved accounting software
Benefits of using FTA approved accounting software
Anshika Agrawal on 24 January 2020
A tax accounting software is an accounting software which has an inbuilt capability to generate the tax reporting from its accounting records with minimum effor..
VAT Refund on Goods and Services Connected with EXPO 2020
UAE
VAT Refund on Goods and Services Connected with EXPO 2020
Anshika Agrawal on 02 December 2019
As per the Cabinet Decision No. 1 of 2019 on the Refund of Value Added Tax Paid on Goods and Services Connected with Expo 2020 Dubai, Official Participants of t..
VAT Recovery of Business Expenses
UAE
VAT Recovery of Business Expenses
Anshika Agrawal on 20 November 2019
As per Article 54 of Federal Decree Law No (8) of 2017, most of the expenses incurred by the businesses during the course of business are eligible to be recover..
Infograph : Place of Supply Rules for Goods and Services
UAE
Infograph : Place of Supply Rules for Goods and Services
Anshika Agrawal on 14 November 2019
The place of supply determines whether a supply is made in the UAE or outside the UAE. If the supply is treated as made outside the UAE, VAT is not chargeable. ..
Penalties and Fines on Violation of Taxes in UAE
UAE
Penalties and Fines on Violation of Taxes in UAE
Anshika Agrawal on 11 November 2019
Like any other tax system around the world, VAT in UAE will also follow certain rules on penalties and fines to ensure proper compliance. Failure to file ata..
VAT on Charities and Non-Profit Organisations
UAE
VAT on Charities and Non-Profit Organisations
Anshika Agrawal on 08 November 2019
VATGCH1 has been issued by the FTA to provide guidance on VAT registration and treatment of Non-designated Charitiesas well as designated charities. It also pro..
VAT Treatment of Furnished Service Apartments and Hotel Stays in UAE
UAE
VAT Treatment of Furnished Service Apartments and Hotel Stays in UAE
Anshika Aggrawal on 03 October 2019
In this article, we will try to analyse the VAT implications for leasingServiced Apartments and Hotel Apartments in The United Arab Emirates (UAE). We will s..
VAT refund for visitors and tourists as per FTA
UAE
VAT refund for visitors and tourists as per FTA
Anshika Aggrawal on 10 September 2019
Tourists and visitors in UAE can claim refund on VAT paid on purchases they made during their stay in the UAE. Recovery of payment will be done through a fully ..

Gcc Articles

Submit Articles
GCC FinTax
GCC App for Android & iOS

GCC FinTax is a community for Tax and Finance professionals from GCC to share knowledge, learn and network.

Download Android app   Download IOS app