What is UAE VAT Administrative Exception?
UAE VAT Administrative Exception is a way to provides registrants with concessions or exceptions allowed by the Federal Decree-Law No. 8 of 2017 on Value Added Tax (“Law”). UAE VAT...
What is Voluntary Disclosure under UAE VAT Law?
What is Voluntary Disclosure? If a taxpayer makes an error or omission in a Tax Return, Tax Assessment or Tax Refund application Voluntary Disclosure can be filled. The Federal Tax Authority (FTA)...
Everything you must know about tax invoicing in the UAE
Invoices and financials records of must be maintained by every type of businesses in the UAE. As per the Federal Tax Authority (FTA), UAE tax invoices need to be in accordance to the Federal...
What records must businesses maintain for tax filing?
In accordance with the UAE Federal Tax Authority, companies in the UAE have to record their financial transactions for UAE tax filing every interval. Tax filing also referred to as VAT return filing...
What are the types of taxes in the UAE?
The United Arab Emirates has always maintained a tax-friendly environment in the country. Businesses for several years have taken advantage of this environment and flourished, but times are changing,...
Simple steps to file UAE VAT returns
Filling your UAE VAT returns is mandatory for companies across the country. Commercial entities and businesses must file their UAE VAT return on time to avoid any penalties. Tax liable companies must...
