Q&A

UAE
Zero rated services
Burhan Bohra 02 December 2021
We are using fiscal representative (Fiscal representation is a process where an individual or company represents a business in a specific year and in specific t..
UAE
Tax Group Transactions
Nusrat Abbas 30 November 2021
There ar multiple members in tax group and each member has few Dewa accountand Telephone numbers under their own name and invoices received. Due to central cont..
UAE
Mohammed
Murtaza 20 October 2021
Dear Sir We are registed as a group of company in FTA., now one of company does not have sales at all and all stock has been transferred to parent company .,..
UAE
Murtaza
Murtaza 19 October 2021
Dear sir, firm status changed from Soleestablishment (local 100% owner) to LLC (Local 51% owner) and 2 indians added as a partners rest is all same, what is ..
UAE
VAT Applicability for RAKEZ FZE company invoicing to Dubai mainland company – however goods directly shipped from Europe to Africa
Ali 19 October 2021
There is a case where goods are shipped from Europe to Africa for consumption. However, European company raises invoice on RAK Economic zone (RAKEZ) company and..
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? ..

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