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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 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 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

  • How can you receive refunds from the Federal Tax Authority?
    29-Apr-2018

    As you start to prepare and submit your VAT return to the FTA, you may be eligible for a refund subject to an accurate assessment of your VAT transactions. The UAE hosts many companies that focus on regional trade especially from FreeZones, or subject to zero rated supplies including schools and

  • FTA: Consumers should ask for invoices to prevent price manipulation
    26-Mar-2018

    The Federal Tax Authority(FTA) has urged all consumers in the UAE to ask for the tax invoices from retailers when purchasing products or services subject to Value Added Tax (VAT), in order to prevent attempts to manipulate the tax system. The Authority urged all taxable businesses to issue tax in

  • VAT Returns Guideline Published by FTA
    06-Feb-2018

    To address the many questions raised by businesses on the process and format for the VAT return, The FTA have issued a detailed guide to help businesses navigate the e-Services portal. The VAT return is a binding commitment on the named person filing the turn in terms of on accuracy and completene

  • UAE and KSA LAUNCH A VAT TAXPAYER LOOKUP
    29-Jan-2018

    Registered Businesses can now check and verify if their suppliers are VAT Registered or not, through the Value Added Tax (VAT) Registration Number Look up in the Federal Tax Authority (FTA) website. This service has been lunch by the FTA to aid registered businesses in reclaiming their input VAT b

  • Why is a Platform a good idea for VAT Compliance
    01-Nov-2017

    What is UAE VAT? The UAE government is going full steam ahead with the implementation of a value added tax (VAT) in the country from January 1, 2018. The Federal National Council (FNC) approved the draft law and the final law is waiting for the presidential approval. With the imminent VAT impleme

  • 20 Questions on VAT
    21-Oct-2017

    As SME’s and business owners formulate their goals for this financial year, the introduction of VAT has added a new dimension. To explain VAT in summary, we started with the “Change in Procedures with the introduction of VAT” blog and this article is a follow-up to add more insight to VAT impacts to

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