Will companies in the UAE have to reissue tax invoices?

Will companies in the UAE have to reissue tax invoices

The Federal Tax Authority (FTA) recently clarified the exchange rates to be used for tax invoices which are raised in AED as well as in other foreign currencies. This was announced through VAT Public Clarification VATP004. According to the FTA, companies issuing tax invoices in foreign currencies will make use of the exchange rates applicable as […]

FTA creates three categories to classify eligible good

FTA creates three categories to classify eligible good (1)

[vc_row][vc_column][vc_column_text] In a press release published by the Federal Tax Authority (FTA) recently, they determined the three main categories of ‘eligible goods’. The eligible goods were classified for calculating the VAT – Value Added Tax in the UAE. VAT on the eligible goods will be calculated based on the profit margin scheme.   The classification of edible goods […]

FREE CONSULTATION

FREE CONSULTATION