fbpx

SUPPLY OF SERVICES

Article (6) of decree law defines supply of services as any provisions of services including every supply that is not considered a supply of goods i.e every supply of services is supply which doesn’t fall under supply of goods There are certain cases where supply is...

VAT on Dividend income in UAE

A VAT registered person may earn dividend income by holding shares in a company. The payment of a dividend by a company is a distribution of its profits to its shareholders. The holder of a share is, however, not entitled to a dividend until the company has declared a...

Year-End VAT Input tax apportionment in UAE

What is input tax apportionment? The recovery of input tax will be permitted where acquired goods and services are used, or intended to be used, in making any of the following: taxable supplies; supplies that are made outside the UAE which would have been considered...

VAT on advance received – accounting

Advances basically mean lending money or Part or full payment made for a transaction before the actual date of payment. Security of a transaction in a liquid form. Decree-law and executive regulation do not specifically provide for VAT on advance payment received....

Pin It on Pinterest