What 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...
read moreRefund of eGuarantee in case of loss of imported goods
VAT 702 is a form provided by the Federal Tax Authority (“FTA”) pursuant to which a nonregistered importer notifies the FTA to either cancel or liquidate an eGuarantee or to refund or collect an eDirham deposit. In line with the relevant legal provisions, there would...
read moreRefund of eGuarantee and eDirham by non-registered importer
VAT 702 is a form provided by the Federal Tax Authority (“FTA”) pursuant to which a nonregistered importer notifies the FTA to either cancel or liquidate an eGuarantee or to refund or collect an eDirham deposit. In line with the relevant legal provisions, there would...
read moreProcedure to file refund under VAT form 702
How to file VAT 702? VAT 702 is a form provided by the Federal Tax Authority (“FTA”) pursuant to which a nonregistered importer notifies the FTA to either cancel or liquidate an eGuarantee or to refund or collect an eDirham deposit. When should you submit a VAT 702?...
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