Contribution by Traya Roy

Corporate Tax Transfer Pricing Documentation Requirements are Set by the Ministry of Finance
UAE
Corporate Tax Transfer Pricing Documentation Requirements are Set by the Ministry of Finance
Traya Roy on 16 May 2023
In a recent development, the Ministry of Finance has implemented Ministerial Decision No (97) of 2023, which establishes comprehensive guidelines for maintainin..
ZATCA issues CRS guidelines
KSA
ZATCA issues CRS guidelines
Traya Roy 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..
What? Why? How? Of VAT Reverse Charge Mechanism
UAE
What? Why? How? Of VAT Reverse Charge Mechanism
Traya Roy on 07 May 2020
WHAT... Under UAE VAT Law, the responsibility to levy, collect and pay tax to the government is on the supplier who is making taxable supplies. Under reve..
DIFC postpones filing ESR notification
UAE
DIFC postpones filing ESR notification
Traya Roy on 18 March 2020
The 31st March 2020 Economic Substance Regulations (ESR) notification deadline previously advised by Dubai International Financial Centre (DIFC) has been postpo..
VAT implementation in KSA and UAE: A first hand Impression
UAE
VAT implementation in KSA and UAE: A first hand Impression
Traya Roy on 18 February 2020
The UAE and Saudi Arabia were the first two countries to implement VAT beginning January 1, 2018, followed by Bahrain, which deployed the new system at the star..
FTA issues Public Clarification EXTP004 regarding Deregistration of Stockpilers
UAE
FTA issues Public Clarification EXTP004 regarding Deregistration of Stockpilers
Traya Roy on 13 February 2020
Public Clarification EXTP004 issued by the Federal Tax Authority (FTA) provides guidance on situations where stockpilers may be allowed to deregister where less..
Can a company claim VAT refund on golf membership paid for company's management?
UAE
Can a company claim VAT refund on golf membership paid for company's management?
Traya Roy on 29 November 2019
Can a company claim VAT refund on golf membership paid for companys management? ..
Group TRN or Separate TRNs
UAE
Group TRN or Separate TRNs
Traya Roy on 27 November 2019
My company has two offices registered with two licenses with same name. I am in the process of applying for TRN. Which is a better option - Separate TRN for ..
Regarding input tax
Regarding input tax
Traya Roy on 11 November 2019
Whether a director can recover the input tax he has incurred? ..
Sugar's Definition for Excise tax Purpose
UAE
Sugar's Definition for Excise tax Purpose
Traya Roy on 07 November 2019
Is sugar defined for the purposes of excise tax? ..

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