by Yashika Jain | Nov 6, 2019 | Articles
Table (1): Violations and Administrative Penalties related to the Implementation of the Federal Law No. (7) of 2017 on Tax Procedures Description of Violation Administrative Penalty (AED) 1 The failure of the person conducting Business to keep the required records and... by Yashika Jain | Sep 17, 2019 | Articles
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... by Yashika Jain | Aug 29, 2019 | Articles
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... by Yashika Jain | Jul 20, 2019 | Articles
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... by Yashika Jain | Jul 12, 2019 | Articles
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... by Yashika Jain | Jul 8, 2019 | Articles
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...
