Blogs

Reclaiming VAT on Expenses in the UAE In this case study, we will learn about reclaiming VAT on expenses in the UAE along with the applicable provisions of the UAE VAT Law. Facts of the case: ABC LLC is a trading company havi...

The VAT on Educational Services in the UAE The VAT on Educational Services in the UAE is applicable where the education services are provided not in accordance with the recognized curriculum by un...

Identify the Stockpiler Under Excise Tax!! The Federal Tax Authority (FTA) has announced new rates for excise tax in the UAE and has brought in more products to the purview of Excise Tax such as Sweetened drinks ( Includes Conc...

EXPO 2020 Dubai and Impact Expo 2020 Dubai, the international business exhibition is going to be hosted in Dubai from 20th October to 10th April 2021. In this connection, a lot of questi...

VAT on Healthcare Services in UAE VAT on healthcare service in UAE is one of the sectors where the industry may choose the wrong rate of tax. Because in certain cases supply of healthcare services will be zero-rated; whereas in certain...

VAT  Refund for Business Visitors in UAE The UAE government has published a VAT refund scheme which enables businesses/ business visitors to claim the VAT paid on the purchase of goods and services incurred in UAE...

What does it mean VAT on Sale of Business as going Concern? Sale of an asset is a taxable supply under the UAE VAT Law. What about the applicability of VAT on the sale of a business or transfer of a bu...

VAT treatment of Options and Option Premiums VAT treatment of Options and Option Premiums is the latest public clarification issued by the Federal Tax Authority (FTA) vide clarification No: VATP014. This article provides an insight int...

What is Internal Audit in Dubai? As per the definition given by IIA (Institute of Internal Auditors)- Inte...

Reimbursement and disbursement of expenses in UAE VAT Reimbursement and disbursement of expenses in UAE VAT, whether taxable or not, is always an uncertainty among the business community from the date of implementation of VAT in the UA...