Editorial

Special Method of Apportionment of VAT - Recent Letters Issued by FTA
Special Method of Apportionment of VAT - Recent Letters Issued by FTA
Editor on 12 November 2019
Recently, businesses engaged in Banking and Real Estate have received letters from the FTA asking them to file for the appropriate special method of input tax a..
VAT on Penalties - Real Estate Sector
VAT on Penalties - Real Estate Sector
Editor on 05 November 2019
The issue of amounts received by taxpayers from their clients that are in the nature of penalty are contentious and have always attracted debate. Depending on t..
Excise Tax On Sweetened Drinks
UAE
Excise Tax On Sweetened Drinks
Editor on 04 November 2019
Excise tax is currently the flavor with FTA, as with the extension of this tax on Sugar Sweetened Drinks, the FTA is substantially increasing the base for Excis..
Economic Substance Regulations issued by UAE helps it get removed from EU's blacklisted countries
UAE
Economic Substance Regulations issued by UAE helps it get removed from EU's blacklisted countries
Editor on 31 October 2019
Recently, the EU removed UAE from the blacklisted countries that are considered non-transparent from a tax perspective. This removal is purely on the basis that..

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