The UAE Cabinet has decided to refund a 5% value added tax for institutions working in the exhibitions and conferences sector. Facilities involved with organizing events have the right to refund the tax levied of providing these services. The change is intended to support the country’s status as a hub for the meetings, incentives, conferences
The UAE’s Federal Tax Authority (FTA) has revealed that a system to refund value added tax (VAT) to tourists is currently in its final preparation stage. The country’s cabinet approved a decision last week to implement the system from the fourth quarter of 2018, in a bid to attract more tourists. The decision has set
The Federal Tax Authority (FTA) has introduced a form 211 – VAT voluntary disclosure form recently. It will help the taxable persons to rectify the errors they committed in their UAE VAT Form 201 which is already filed. It is an option given by the FTA for the tax periods to voluntarily disclose the errors
The Director’s Service fee otherwise called as Management Fee is now taxable under the UAE VAT Law. The Federal Tax Authority (“FTA”) has issued a guideline on applicability of tax on Director’s Services: Please see below a summary in Q&A format for lucid and faster understanding: What are the conditions to be satisfied to consider
The UAE Government has once again taken a glorious move in the Year of Zayed. The move is highly commendable where His Highness Sheikh Mohammed bin Rashid Al Maktoum, Vice-President and Prime Minister of the UAE and Ruler of Dubai, after a Cabinet meeting announced that the Investor in UAE can now have 100 percent
