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  •  Are You Assessing the appointment of a Tax Agent?
    18-Nov-2018

        In implementing VAT into the UAE economy, the Federal Tax Authority investigated a number of global VAT systems to learn best practice models and optimize the management of VAT for both businesses and the FTA. One of the key concepts was the definition and legal provisions for Tax Agents. Ta

  • Healthcare Sector VAT Considerations
    17-Nov-2018

        UAE Healthcare sector is one of the fastest-growing sectors in the world and is a key contributor to the UAE economy expecting to reach Dh71.5 billion in 2020 at an average annual growth rate of 12.7 per cent from 2015. The UAE is also world's fastest growing medical tourism hub, with total

  • FTA updates warehouse keeper Designated Zone guide
    30-Sep-2018

        The UAE FTA has released a new version of the warehouse keeper and Designated Zone user guide. The new version of the guide contains significant additions, with practical screen shots to assist with actioning the requirements.. The FTA has mandated that Designated Zone registration must be

  • 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

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