Contribution by Alina

Tourists' electronic VAT refund applications more than double in second half of 2019
UAE
Tourists' electronic VAT refund applications more than double in second half of 2019
Alina on 06 January 2020
The number of applications for electronic value added tax refund from tourists more than doubled in the second half of 2019.The total number increased to 3.2 mi..
Whether a Holding company part of VAT Group can recover full VAT credit
UAE
Whether a Holding company part of VAT Group can recover full VAT credit
Alina on 28 December 2019
If a holding company is part of the VAT Group and is engaged in providing loans to subsidiaries on which it earns interest (VAT exempt) and also cross charges s..
Tax Refunds for Tourists scheme processes 2.83 million applications
UAE
Tax Refunds for Tourists scheme processes 2.83 million applications
Alina on 19 December 2019
The electronic system for the Tax Refunds for Tourists Scheme exceeded all expectations in its first year.Federal Tax Authority (FTA) revealed that the scheme h..
FTA's Board approves procedure for refunding VAT on building new homes for UAE citizens
UAE
FTA's Board approves procedure for refunding VAT on building new homes for UAE citizens
Alina on 23 November 2019
The Board of Directors of the Federal Tax Authority, FTA, held its 10th meeting at the FTAs Dubai headquarters, headed by its Chairman H.H. Sheikh Hamdan bin Ra..
GAZT releases English version of Guide for Investment Funds, Trusts and Estates
KSA
GAZT releases English version of Guide for Investment Funds, Trusts and Estates
Alina on 19 November 2019
KSAs General Authority of Zakat and Tax (GAZT ) has released an English Version Guide for Investment Funds, Trusts and Estates Main points covered in the guide ..
Application Form for Tax Technical Clarifications from the Federal Tax Authority
UAE
Application Form for Tax Technical Clarifications from the Federal Tax Authority
Alina on 18 November 2019
Application Form for Tax Technical Clarifications from the Federal Tax Authority ..
 June 2019 - Investment Funds, Trusts and Estates Tax
KSA
June 2019 - Investment Funds, Trusts and Estates Tax
Alina on 13 November 2019
June 2019 - Investment Funds, Trusts and Estates Tax To download the same, please find the enclosed attachment ..
Rules and Regulations of Zakat Calculations released by GAZT
KSA
Rules and Regulations of Zakat Calculations released by GAZT
Alina on 11 November 2019
KSAs General Authority of Zakat and Tax (GAZT) has released Rules and Regulations of the calculation ofZakat in the Kingdom. The decision(in Arabic) can be a..
UAE's FTA releases Laws and Regulations on Excise Tax
UAE
UAE's FTA releases Laws and Regulations on Excise Tax
Alina on 06 November 2019
FTA has released a letter on implementation of the Laws and Regulationsregarding Excise Tax on items that are excisablewith effectfrom 1st December2019. The ..
 FTA releases Excise Tax clarification on Stockpiling of Excise Goods
UAE
FTA releases Excise Tax clarification on Stockpiling of Excise Goods
Alina on 05 November 2019
UAEs Federal Tax Authority (FTA) has released a Public Clarification EXTP003 which explains the Excise Tax obligations for stockpilers of : a) Sweetened dri..

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