Blogs

Designated Zones UAE VAT and Its Applicability Free zones in UAE are also known as Free Trade Zones depicting that they are structured to boost the international business economy of the country. Free zones in UAE provides 100% ownershi...

Voluntary Disclosure under UAE VAT Law The Federal Tax Authority (FTA) has introduced a form 211 – VAT voluntary disclosure form recently. It will help the taxable persons to rectify the errors they committed in...

The UAE Cabinet, chaired by His Highness Sheikh Mohammed bin Rashid Al Maktoum, Vice President and Prime Minister of the UAE and Ruler of Dubai, has made significant and progressive decisions for foreign workers who se...

The Dubai Multi Commodities Centre (DMCC), was established in 2002 with a strategic initiative to become one of the best business hubs in the world. And yes now, DMCC is the number one Free zone in the world and one of...

Believe it or not but yes, the Abu Dhabi Government has announced a whooping AED 50 billion to boost its economic growth and bloom the region within the next ONE THOUSAND AND NINETY-FIVE DAYS. Company Formation in Abu Dhabi or busin...

The UAE Government has once again taken a glorious move in the Year of Zayed. The move is highly commendable where His Highness Sheikh Mohammed bin Rashid Al Maktoum, Vice-President and Prime Minister of the UAE and Ru...

What is the role of Internal Audit in finance? Internal Audit advances businesses to achieve their objectives by effectively evaluating and managing the risk factors and processes within an o...

Whether Management Fee or Director’s Service Fee is taxable in the UAE? Yes, the Director’s Service fee otherwise called as Management Fee is taxable under the UAE VAT Law. The Fe...

FTA Sets Out Penalties if not Registered Before 30th April 2018 As far as VAT Registration is concerned, the Federal Tax Authority (FTA) has extended the...

Treatment of Bad Debts under UAE VAT Law What is Bad debts? If the amount due from the customer is not paid in time and customer rejects to pay the same it is called bad debts for the recipient. The rejection of payment by...