January 28, 2022 Eligibility and Benefits of holding Tax Residence Certificate Tax TAX Residence Certificate in UAE Tax Residence Certificate can be obtained by an individual who is resident in UAE for period more than 180 days and companies which are registered and operates in UAE for minimum one year. Offshore companies cannot obtain Tax […]
January 28, 2022 “Zero Rating of Export Services”- Explanation Tax,VAT The Explanation The Clarification provides some relaxation to foreign companies as No VAT to them by UAE suppliers just because they have a branch in UAE which are not related with the supplies HO by UAE suppliers. It is also clarified that in determining the
January 28, 2022 Know More About Excise Tax In UAE Tax Why Internal Auditing Is Important? Excise tax is an indirect tax where business entity collects excise tax from customers and pays to the Government. Excise tax is levied on specific goods which are harmful to human health or the environment. Excise tax is levied
January 28, 2022 Who Must Register For Excise Tax? Tax The Federal Decree-Law No. 7 of 2017 on Excise Tax stipulates that businesses/ persons that are engaged in any of the below activities must register for tax. Import of excise goods into the UAE; Production of excise goods in the UAE; Release of excise goods
January 28, 2022 Highlights of VAT Public Clarification 024 – Adjustment on Account of Bad Debt Relief Tax Conditions to claim benefit VAT should have been accounted for and paid on the supply. Consideration for the supply should have been written off. More than 6 months should have been passed from the date of supply.