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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..
Automotive Sector and VAT Available for Use but with VAT on Toll
Automotive Sector and VAT Available for Use but with VAT on Toll
Hemant Mundhra on 11 July 2021
FTA [Federal Tax Authority of UAE] has recently issued a long awaited VAT Guide on Automotive sector. It has clarified many matters related to this sector for V..
FTA guidelines on automotive sector
UAE
FTA guidelines on automotive sector
Dilip Jain on 05 July 2021
FTA VAT Guidance on automotive sector ( VATGAM1) The guide is applicable for supplies made by motor vehicle dealers in the UAE: supply of new cars th..
UAE Supreme Court sets new test for tax dispute time limits (extensions)
UAE
UAE Supreme Court sets new test for tax dispute time limits (extensions)
Mahmoud Abuwasel on 05 July 2021
In a recent judgment, the Federal Supreme Court ruled that the time limits related to tax disputes do not necessarily commence when notification is issued but ..
Restrictions on unincorporated joint ventures disputing taxes and tax penalties in the UAE
UAE
Restrictions on unincorporated joint ventures disputing taxes and tax penalties in the UAE
Mahmoud Abuwasel on 27 June 2021
Issue Companies often engage in and operate projects in the UAE through a joint venture or consortium structure. This is often the case in the construction i..

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