Cabinet Decision No. (10) of 2019 CONCERNING THE IMPLEMENTING REGULATION OF DECREE LAW NO. (20) OF 2018 ON ANTI- MONEY LAUNDERING AND COMBATING THE FINANCING OF TERRORISM AND ILLEGAL ORGANISATIONS
CONCERNING THE IMPLEMENTING REGULATION OF DECREE LAW NO. (20) OF 2018 ON ANTI- MONEY LAUNDERING AND COMBATING THE FINANCING OF TERRORISM AND ILLEGAL ORGANISATIONS The Cabinet, - Pursuant to the perusal of the Constitution; - Federal Law No. (1) of 1972 concerning the...
read moreReturning of Digital Tax Stamp related to excise goods to the FTA
Scenarios when the stamps need to be returned Following scenarios shall require when marks (Digital Tax Stamp) should be returned to the FTA: Where the person becomes aware that he no longer has the intention to use the marks for the purposes of affixing them to...
read moreProducts on which excise is paid in UAE
Excise Goods Tax shall be applicable on the following Excise Goods: Tobacco and tobacco products Tobacco and tobacco products shall include all items listed within the GCC Common Customs Tariff that are imported, cultivated or produced in the State. Carbonated drinks...
read moreWhat is supply for VAT
Supply of services is anything that can be supplied other than goods and supply of goods shall mean physical property that can be supplied including: A transfer of ownership of Goods or the right to use them from one Person to another Person shall include for...
read moreWhat is excise tax?
Excise Tax was introduced across the UAE in 2017. Excise tax is a form of indirect tax levied on specific goods which are typically harmful to human health or the environment. These goods are referred to as “excise goods”. When considering whether a product is an...
read moreProcedures of Tax Registration, De-registration and Amending Details of Registration
The following procedures with respect to tax registration and de-registration shall be followed: A Tax Registration application shall be submitted by the non-registered Taxable Person or any other Person who has the right to be registered to the Authority according to...
read moreTax audits by FTA (UAE)
Criteria for initiating Tax audit by the FTA Following issues are taken into account when the FTA decides on whether or not to conduct a Tax Audit on a Person: That a Tax Audit is necessary for protecting the integrity of the Tax system. The responsibility of the...
read moreApply for clarification with the FTA
The Federal Tax Authority (FTA) to provide technical clarification to matters of Uncertainty This form is available to all persons that would like to ask the Federal Tax Authority (FTA) to provide technical Clarifications to matters of uncertainty they encounter after...
read moreIncome tax return for non-resident Indians
Due date to file Income tax returns for non-resident Indians – 31st July Definitions for the purpose of this article Investment Income – means any income derived other than dividends referred to in Section 115-O from any of the Specified Asset (acquired or purchased...
read moreInstances where supply is not treated import or export
Instances when supply outside the state shall not qualify as export or when supply into the state shall not qualify as import as per Article 20 of the Executive Regulation Where exit and re-entry are in the course of a journey between two points in the state. No...
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VAT on farmhouse
Farmland is normally be considered to be commercial land, i.e. not “bare” land, as it is normally covered with infrastructure or civil engineering works required to make it operational as a farm e.g. irrigation systems, roads, utility connections, etc. Farmland which...
read moreSale of imported goods under Expo 2020 Dubai
It should be noted that the Official Participant must register for VAT if the value of their taxable supplies or imports (for commercial or non-official purposes) in the UAE exceeds, or is anticipated to exceed, the mandatory registration threshold of AED 375,000. For...
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