Intricacies of Designated Zone in UAE and it's VAT and Customs Obligations. Buy Now!!

Q&A

VAT paid on preoperative expenses
Ketan Mangla 28 September 2021
Hello, Kindly let us know if VAT paid on pre- operative expenses, done before the TRN issued, be claimed as input VAT in companys first Tax Return? ..
UAE
Profit Margin Scheme
Nusrat Abbas 22 September 2021
In case of supplies under Profit Margin Scheme, is it required to be shown tax base and the VAT amount separately on the Tax Invoice? Or it needs to be present ..
VAT treatment of receipt of dividends
Vrinda Katyal 15 September 2021
Hello, Would like to reconfirm the VAT treatment ofreceipt of dividends byholder of equity securities in Bahrain? ..
UAE
Assets provided on FOC against Branding
Nusrat Abbas 15 September 2021
In case of an agreement where one party provides its assets on FOC basis for 12 month to an other party but due to legal compliances of related Emirates, assets..
Bahrain
NBR BAHRAIN
bahrain tax 29 August 2021
WHAT IS THE TAX SLAB RATE OF MINERAL WATER SUPPLY IN RESTAURANT? ..
UAE
What is date of supply for Periodic payments Or Consecutive invoices
Nusrat Abbas 16 August 2021
In a case, where commerical property rented out for 3 Years and payment terms are quarterly in PDC mode collected. A single Tax Invoiceissued for 3 years inadv..
UAE
Export of local purchase
Sanjay 15 August 2021
Hi all, i wanted to know what is the process for exporting goods that have been purchased locally with 5% VAT. Can these goods be sold under zero rated vat for ..
UAE
VAT Zero rating on means of transport
Oliver Mercado 10 August 2021
Does dry docking expenses (repairs and maintenance and overhaul) incurred by a non-resident, foreign vessel owner (used for oil and gas exploration)from UAE sup..
UAE
Indirect Export where Goods altered/additions made during export process
Nusrat Abbas 29 July 2021
In case of indirect export, the goods should be exported in the same condition as being purchased exception minor alteration. But where in case when overseas cu..
UAE
Export of Cars
Nusrat Abbas 27 July 2021
As per Recent FTA guideline, Export of Cars of multiple sales of cars resulting in single export, only the final supply can be 0%. Practically, resident of u..

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