Simplify Your Business with Wafeq E-Invoicing and Accounting Software in UAE and KSA
Managing your business finances can be a daunting task, especially when juggling multiple responsibilities. For small business owners and accountants in the […]
What is a Tax Agent in the UAE?
In the UAE, businesses face complex and evolving tax regulations. A Tax Agent acts as a trusted advisor, ensuring compliance with Federal […]
FTA Grants Grace Period to Update Records and Waive Penalties
Grace Period Announced for Updating Tax Records in the UAE The UAE’s Federal Tax Authority (FTA) has recently introduced a significant tax […]
Key Updates to UAE VAT Executive Regulations
Critical Changes Effective 15 November 2024 On 2 October 2024, the UAE Federal Tax Authority (FTA) issued Cabinet Decision No. 100 of […]
Administrative Penalties
The UAE tax legislations have established a comprehensive framework of administrative penalties for violations of tax regulations. These penalties, outlined in Cabinet […]
Avoid Costly Penalties: Update Your FTA Records Promptly
Keeping your tax records up to date with the Federal Tax Authority (FTA) is a legal requirement in the UAE. Here’s what […]
VAT Update: New VAT Treatment for Specific Electronic Devices
Implementing the Reverse Charge Mechanism for Mobile Phones, Computers, and Tablets. Effective from October 30, 2023. Cabinet Decision No. 91 of 2023 […]
Amendment of the VAT law
On September 2022 the UAE has issued the Federal Decree-Law No. (18) of 2022 (“the Amendment of VAT Law”) to amend some […]
Anti-abuse and transitional rules
Anti-abuse and rules The UAE’s Corporate Income Tax law include general anti-abuse rules that aims to identify any arrangement or transactions entered […]
Public Consultation on UAE’s Corporate Tax Regime
The UAE Ministry of Finance (MoF) recently published a public consultation document on the Corporate Income Tax (CIT) to outline policy background […]
VAT zero-rating on export of goods
The purpose of this article is to explain when exporters are eligible to charge a zero-rated VAT on export of goods from […]
Input VAT deduction for mobile phones and packages, made available to employees for business use.
The UAE Federal Tax Authority (“FTA”) published a new VAT Public Clarification (VATP028) that provides guidance on the recovery of input tax […]
