Contribution by Editor

UAE VAT treatment of 'Director's fees' charged for services provided before introduction of VAT but fixed in the AGM & received post introduction of VAT
UAE
UAE VAT treatment of 'Director's fees' charged for services provided before introduction of VAT but fixed in the AGM & received post introduction of VAT
Editor on 18 February 2021
A peculiar situation was noticed when a Person (an individual) was highlighted a portion of the Directors fee he received in 2018 for the board meetings that he..
In a nutshell: UAE VAT Public Clarifications
UAE
In a nutshell: UAE VAT Public Clarifications
Editor on 21 July 2020
So far, 19public clarifications have been issued since the inception of the UAE VAT law by the Federal Tax Authority.This article is an initiative by GCC FinTax..
Procedure of Penalty Reconsideration in UAE
UAE
Procedure of Penalty Reconsideration in UAE
Editor on 26 June 2020
Read more about Penalty Reconsideration here: ..
Managing Tax Disputes in the UAE
UAE
Managing Tax Disputes in the UAE
Editor on 20 June 2020
A Webinar on Managing Tax Disputes in the UAE was organized on 17th June | Wednesday (4-5 pm UAE Time). It was presented byMahmoud Abuwasel, Managing Partner, H..
VAT on debentures obtained by Schools
VAT on debentures obtained by Schools
Editor on 17 June 2020
Debentures are payments for allocation of seats in a school made by either corporate entity or by an individual. Generally, the following type of debentures are..
Saudi Arabia hikes VAT to 15%, halts cost of living allowances
Saudi Arabia hikes VAT to 15%, halts cost of living allowances
Editor on 11 May 2020
News reports confirm that the Kingdom of Saudi Arabia (KSA) has decided to increase the VAT rate from 5% to 15% effective 1st July 2020. https://saudigazette..
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..

Gcc

Submit Articles
GCC FinTax
GCC App for Android & iOS

GCC FinTax is a community for Tax and Finance professionals from GCC to share knowledge, learn and network.

Download Android app   Download IOS app