Articles

Selection of Most Appropriate Transfer Pricing Method
Selection of Most Appropriate Transfer Pricing Method
Nilesh Patel on 23 March 2021
HOW TO SELECT THE MOST APPROPRIATE TRANSFER PRICING METHOD? 1. Introduction Under Transfer Pricing Bylaws of Saudi Arabia (KSA) - and most of the Countrie..
Reverse Charge Mechanism- Accounting Entries
UAE
Reverse Charge Mechanism- Accounting Entries
CA Rajiv Hira on 23 March 2021
Reverse Charge Mechanism is a system in which the responsibility of paying tax to Government shifts from seller to buyer. In forward charge mechanism, the suppl..
Taxability of Supply through an Agent
UAE
Taxability of Supply through an Agent
CA Rajiv Hira on 22 March 2021
An Agent is a person who acts on behalf of the principal and has the authority to bind the Principal to obligations towards third parties. The Agents actions, i..
A Guide on Simultaneous inspections
A Guide on Simultaneous inspections
Alfredo Collosa on 19 March 2021
In todays time the TAs need the cooperation of management. The reason behind this is that globalization of economic activities and new ways of doing business in..
UAE VAT on International Transport
UAE
UAE VAT on International Transport
CA Rajiv Hira on 18 March 2021
As per Article 33, VAT is applicable @ 0% in case of international transportation services for Passengers and Goods.The supply of international transportation S..
Are Goods exported from Designated Zone to be treated as Exports?
UAE
Are Goods exported from Designated Zone to be treated as Exports?
CA Rajiv Hira on 15 March 2021
Let us first understand the definition of Designated Zone: Designated Zones are subject to strict control criteria; required to have security procedu..
Introduction of staggered VAT registration by Oman Tax Authority
Introduction of staggered VAT registration by Oman Tax Authority
Girish Chand on 01 March 2021
The Oman tax authority recently introduced staggered VAT Registration by Oman Tax Authority. This step would be helpful to both the entities as well as to the ..
Developments on E-Invoicing in Saudi Arabia
Developments on E-Invoicing in Saudi Arabia
Ritik on 25 February 2021
The General Authority of Zakat and Tax (GAZT) has published Electronic Invoicing regulation on 4th December 2020. The new regulation defines the provisions, ter..
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..

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