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VAT Consultant in Dubai

Articles about VAT

Tax 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...

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Apply 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...

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Income 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...

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Instances 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...

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Sale 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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Refund 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...

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Refund 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...

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Procedure 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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VAT refund to tourists in Bahrain

VAT TOURIST REFUND SCHEME Tourists to the Kingdom of Bahrain may claim a refund on the VAT paid on purchases made within the country, in accordance with Article 89 of the executive regulations. VAT can be reclaimed at a dedicated desk located in Bahrain International...

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VAT refund for participants of Expo 2020 Dubai

The method for claiming a VAT refund on the four categories of expenses will differ depending on whether or not the Official Participant is registered for UAE VAT. Four categories of expenses eligible for a refund are: The VAT incurred by the Official Participant on...

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