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  • UAE FTA releases guidance on VAT import declarations
    30-Sep-2018

    The Federal Tax Authority (FTA) has released new guidance on Value Added Tax (VAT) import declarations. This document is especially helpful in setting out and resolving any misunderstandings associated with the import process. The VAT import declaration user guide is intended to help taxable pers

  • FTA issues Designated Zones guide & public clarification on VAT recovery of entertainment
    30-Jul-2018

    The FTA has published a new VAT guide on Designated Zones. The guide provides much awaited clarification on the treatment of supplies to, from and within the Designated Zones. In addition a public clarification has been issued regarding the VAT recovery on business entertainment. It provides

  • FTA: New version of Excise Tax Returns user guide
    30-Jul-2018

    The UAE FTA has published a new version of the Excise Tax Returns user guide originally published in May. The new version of the guide states that the value of excise goods and Excise Tax will be automatically populated on the relevant declaration forms for submission, based on the FTA’s li

  • FTA publishes guide on voluntary disclosures for VAT and Excise Tax
    29-Jul-2018

    The UAE FTA has published a new Voluntary Disclosure User Guide. This guide follows the implementation of the voluntary disclosure feature on the eServices portal. It provides an overview of the process of completing the voluntary disclosure form for Value Added Tax (VAT) and Excise Tax, and s

  • FTA requirement for Bank account validation letter with VAT refund request
    29-Jul-2018

    The Federal Tax Authority (FTA) has published a new version of the VAT Refund User Guide, with addition of a requirement to submit a bank account validation letter when submitting a VAT refund request form. Bank account details must be provided on the registration form; refund requests which

  • FTA Publishes additional technical guide on Tax Groups
    29-Jul-2018

    The Federal Tax Authority (FTA) has published a technical guide on tax groups. This guide addresses the technical aspects of tax grouping, and is separate to the published tax groups user guide, which deals with the administrative elements of establishing a tax group. The new guide provides d

  • Central Bank issues new notice on the application of VAT
    28-Jun-2018

    The Central Bank of the United Arab Emirates (“Central Bank”) has recently issued a notice to UAE banks and finance companies on the application of VAT to the capped fees charged in respect of loans and other services offered to individual customers. The newly issued Notice No.157/2018 (“Notice”)

  • FTA VAT Public Clarification on the profit margin scheme – eligible goods
    28-Jun-2018

    The United Arab Emirates (UAE) Federal Tax Authority (FTA) has published its first Public Clarifications on the profit margin scheme. This clarification highlights the FTA’s approach to clarifying complex matters will be to issue short and helpful clarifications of this nature. Businesses should

  • FTA VAT Public Clarification on the VAT treatment of compensation-type payments
    28-Jun-2018

    The United Arab Emirates (UAE) Federal Tax Authority (FTA) has published its first Public Clarifications, on the Value Added Tax (VAT) treatment of compensation-type payments. This clarification highlights the FTA’s approach to clarifying complex matters will be to issue short and helpful clarifi

  • UAE: Voluntary Disclosure function now available in Portal
    18-Jun-2018

    It is clear filing returns for many companies has lead to errors in submissions due to a lack of understanding or genuine oversight. To aid companies in restating their returns the voluntary, taxpayers now have the ability to submit voluntary disclosures via the e-services portal. No user guide ha

  • Cabinet Decision on VAT rules between Gold and Diamonds between Registrants in the State
    01-Jun-2018

    Cabinet Decision No. (25) of 2018 on the Mechanism of Applying Value Added Tax on Gold and Diamonds between Registrants in the State The United Arab Emirates (UAE) Federal Tax Authority (FTA) has published recently approved Cabinet Decisions on the Value Added Tax (VAT) treatment of gold and diamon

  • Cabinet Decision relating to exhibitions, conferences
    01-Jun-2018

    Cabinet Decision No. (26) of 2018 on the Refund of Value Added Tax Paid on Services Provided in Exhibitions and Conferences This Decision relates to VAT charged on certain supplies relating to exhibitions, conferences, and related services and is effective immediately. The effect of the Decision i

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