News

FTA publishes VAT public clarification on gold-making charges
UAE
FTA publishes VAT public clarification on gold-making charges
Posted on 27 June 2022
The UAEs Federal Tax Authority (FTA) has published a Value Added Tax (VAT) Public Clarification (VATP029) on the consideration received by gold jewelers for mak..
FTA issues updated guide on Voluntary Disclosure for VAT and Excise Tax
UAE
FTA issues updated guide on Voluntary Disclosure for VAT and Excise Tax
Posted on 08 March 2022
UAEsFederal Tax Authority (FTA) has issued a user guide on Voluntary Disclosure (VD) for VAT and Excise Tax.This replaces the earlier version issued by FTA in J..
FTA releases VAT Clarification on Goods Supplied in a Designated Zone, and Connected Shipping or Delivery Services
UAE
FTA releases VAT Clarification on Goods Supplied in a Designated Zone, and Connected Shipping or Delivery Services
Posted on 11 November 2021
UAEs Federal Tax Authority (FTA) has released a new VAT Public Clarification VATP027 on Goods Supplied in a Designated Zone, and Connected Shipping or Delivery ..
ZATCA adjusts Tax Supply and Due Date
KSA
ZATCA adjusts Tax Supply and Due Date
Posted on 25 October 2021
Saudi Arabia: The Zakat, Tax and Customs Authority (ZATCA) of Saudi Arabia has stated that it has authorised changes to the VAT entitlement procedure for govern..
ZATCA'S New VAT Guidelines on Electronic Trade
KSA
ZATCA'S New VAT Guidelines on Electronic Trade
Posted on 20 October 2021
The English version of ZATCAs Value Added Tax (VAT) guidelines on electronic trade has been released (e-commerce). Previously, the guidelines were only availabl..
FTA's Tax Refund on New-Built Homes
UAE
FTA's Tax Refund on New-Built Homes
Posted on 13 October 2021
UAEs Federal Tax Authority (FTA) has launched a new platform to further streamline the process of recovering value added tax (VAT) incurred by UAE citizens on t..
New Interactive Glossary Launch of Zakat, Tax and Customs Authority
KSA
New Interactive Glossary Launch of Zakat, Tax and Customs Authority
Posted on 13 October 2021
Saudi Arabias ZATCAs (Zakat, Tax and Customs Authority) newly launched glossary is considered the first interactive glossary published in a single document loca..
FTA Decision on the Marking of Tobacco and Tobacco Products Scheme
UAE
FTA Decision on the Marking of Tobacco and Tobacco Products Scheme
Posted on 12 October 2021
The United Arab Emirates (UAE) Federal Tax Authority (FTA) has published a Decision relating to the Marking of Tobacco and Tobacco Products Scheme (also known a..
ZATCA issues CRS guidelines
KSA
ZATCA issues CRS guidelines
Posted on 02 September 2021
The Common Reporting Standard (CRS) applies to certain Financial Institutions which are located in the Kingdom of Saudi Arabia (KSA). Reporting KSA Financial In..
UAE'S Federal Tax Authority (FTA) published a guide on Automotive Sector
UAE
UAE'S Federal Tax Authority (FTA) published a guide on Automotive Sector
Posted on 08 August 2021
UAES Federal Tax Authority (FTA) has published a guide on AutomotiveSector which talks about the VAT treatment of supplies made by motor vehicle dealers in the ..

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