Articles

 UAE's Federal Tax Authority's
UAE
UAE's Federal Tax Authority's
Editor on 12 June 2023
Small and medium enterprises (SMEs) are the backbone of any thriving economy, and the United Arab Emirates (UAE) recognizes their crucial role in driving econom..
The Transformative Power of Artificial Intelligence for Financial Forecasting
GCC
The Transformative Power of Artificial Intelligence for Financial Forecasting
Editor on 24 May 2023
Artificial Intelligence (AI) has emerged as a game-changer in various industries, and its impact on financial forecasting is no exception. Traditional methods o..
VAT on local transportation that forms or does not form part of the international transportation leg
VAT on local transportation that forms or does not form part of the international transportation leg
Editor on 20 February 2021
In a typical international logistics transaction, a consignor (person who wishes to get the goods transported) enters into a contract with a transporter for mov..
UAE VAT treatment of 'Director's fees' charged for services provided before introduction of VAT but fixed in the AGM & received post introduction of VAT
UAE
UAE VAT treatment of 'Director's fees' charged for services provided before introduction of VAT but fixed in the AGM & received post introduction of VAT
Editor on 18 February 2021
A peculiar situation was noticed when a Person (an individual) was highlighted a portion of the Directors fee he received in 2018 for the board meetings that he..
In a nutshell: UAE VAT Public Clarifications
UAE
In a nutshell: UAE VAT Public Clarifications
Editor on 21 July 2020
So far, 19public clarifications have been issued since the inception of the UAE VAT law by the Federal Tax Authority.This article is an initiative by GCC FinTax..
Procedure of Penalty Reconsideration in UAE
UAE
Procedure of Penalty Reconsideration in UAE
Editor on 26 June 2020
Read more about Penalty Reconsideration here: ..
Managing Tax Disputes in the UAE
UAE
Managing Tax Disputes in the UAE
Editor on 20 June 2020
A Webinar on Managing Tax Disputes in the UAE was organized on 17th June | Wednesday (4-5 pm UAE Time). It was presented byMahmoud Abuwasel, Managing Partner, H..
VAT on debentures obtained by Schools
VAT on debentures obtained by Schools
Editor on 17 June 2020
Debentures are payments for allocation of seats in a school made by either corporate entity or by an individual. Generally, the following type of debentures are..

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