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VAT Public Clarification on  Dubai Owner's Association and Management Entities
VAT Public Clarification on Dubai Owner's Association and Management Entities
Lubna Yassa on 18 November 2020
UAEs Federal Tax Authority (FTA)has releasedVATPublicClarificationon Dubai Owners Associations and Management Entities (VATP022) In November 2019, all rights..
Tax Residency and Commercial Activities certificates to be issued by FTA
UAE
Tax Residency and Commercial Activities certificates to be issued by FTA
Yasmin Gogi on 10 November 2020
As a part of an ongoing cooperation between UAEsFederal Tax Authority (FTA) and the Ministry of Finance, FTA is all set to issue both digital Tax Residency and ..
ESR update: Guidance for ESR Notification/Report
UAE
ESR update: Guidance for ESR Notification/Report
SAJITH NAIR on 08 November 2020
The Ministry of Finance UAE has now released Guidances on the new ESR Notification and Report templates published recently. The guidance is explanatory notes to..
ESR update: Deadline for new ESR Notification
UAE
ESR update: Deadline for new ESR Notification
SAJITH NAIR on 04 November 2020
The Ministry of Finance UAE has provided an update on the revised ESR notifications to be submitted. As per the Ministry website, the online portal to submit th..
Oman to introduce income-tax in 2022
Oman
Oman to introduce income-tax in 2022
Mehreen on 03 November 2020
Omans Finance Ministry aims to introducean income tax on high earners in 2022, to restore finances battered by low oil prices. None of the six Gulf Cooperation..
ESR update: New notification form and ESR Return template released
UAE
ESR update: New notification form and ESR Return template released
SAJITH NAIR on 23 October 2020
The Ministry of Finance in UAE has released the much awaited updates on Economic Substance Regulations. The template for updated ESR Notification form and the E..
Oman releases Basic VAT Guidelines
Oman
Oman releases Basic VAT Guidelines
Naseer on 13 October 2020
Oman has released the following VAT guidelines: 1. VAT Information Sheet: Click Here 2. VAT Basics for individuals: Click Here You can access Law includi..
Oman to implement VAT Law from April 2021
Oman
Oman to implement VAT Law from April 2021
Tanvi on 13 October 2020
On Monday 12 October 2020, His Majesty, the Sultan of Oman, Sultan Haitham bin Tariq bin Taimur, issued Royal Decree No.121/2020 in relation to implementation o..
FTA releases Public Clarification on VAT registration of Sole Establishments
UAE
FTA releases Public Clarification on VAT registration of Sole Establishments
SAJITH NAIR on 12 October 2020
VATP021 - Public Clarification on VAT registration of Sole Establishments The Federal Tax Authority, UAE has released a new public clarification addressing t..
50% tax on sweetened drinks from 1st Oct in Oman
50% tax on sweetened drinks from 1st Oct in Oman
Naseer on 28 September 2020
Omans Tax Authority has announced implementation of Excise Tax on sweetened drinks witheffectfrom 1st October 2020. According to Article 15 of Excise Tax Law, a..

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