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Deemed Supply and UAE VAT
Deemed Supply and UAE VAT
Ziad khawaja on 07 October 2020
In January 1, 2018, value-added taxes have been introduced where a VAT rate of 5% shall be levied on all standard-rated supplies. In a normal scenario, business..
Back to Basics : Standard-Rated, Zero-Rated, Exempt and Out of Scope Supplies in UAE VAT
Back to Basics : Standard-Rated, Zero-Rated, Exempt and Out of Scope Supplies in UAE VAT
Ziad khawaja on 23 September 2020
In January 2018, the UAE Federal Tax Authority has introduced Value-added Tax, in which tax (0% or 5%) is charged on all goods and services supplied within the ..
UAE VAT : How Input Tax Apportionment works
UAE VAT : How Input Tax Apportionment works
Ziad khawaja on 04 August 2020
Value Added Tax was introduced on January 1, 2018, as a tax that is a percentage on the price of all the goods and services supplied within the territorial area..
Importation of Goods by Agents on behalf of VAT Registered persons
Importation of Goods by Agents on behalf of VAT Registered persons
Ziad khawaja on 05 June 2020
VAT in the UAE is charged on good or services that are to be used or incurred inside the state. Therefore, when goods are exported outside the state, they would..
Procedure of Penalty Reconsideration in UAE
Procedure of Penalty Reconsideration in UAE
Ziad khawaja on 23 May 2020
As per Article (25) of the Federal Law No. (7) of 2017, UAEs Federal Tax Authority (FTA) always has the complete right to impose a penalty on any company it bel..
VAT on Compensation Type Payments  in UAE
UAE
VAT on Compensation Type Payments in UAE
Ziad khawaja on 12 May 2020
As explained in the Federal Decree Law No. 8 of 2017 on Value Added Tax (VAT Law), VAT is imposed on payments that are in return of taxable supplies of goods or..
VAT on Public Transportation in the UAE
UAE
VAT on Public Transportation in the UAE
Ziad khawaja on 04 May 2020
The public clarification issued by the Federal Tax Authority explains the differences between public and private transportation, and explains the VAT treatment..
Time-frame for Recovering Input Tax
Time-frame for Recovering Input Tax
Ziad khawaja on 02 May 2020
The VAT Law and the Executive Regulations have explained that taxable persons are permitted to recover input taxes they have incurred in the tax periods, provid..
Change in the Permitted Use of a Building
Change in the Permitted Use of a Building
Ziad khawaja on 30 April 2020
The Federal Tax Authority (FTA) had seen that many taxable persons are uncertain about the VAT treatment on the subsequent supply of a building after changing i..
Use of Exchange Rates For UAE VAT
UAE
Use of Exchange Rates For UAE VAT
Ziad khawaja on 19 April 2020
The Federal Decree Law (VAT Law) states if a supply was made in a foreign currency, it must be converted to UAE Dirhams, using the exchange rates approved by th..

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