**What is VAT Group Registration?** In the realm of VAT registration in the United Arab Emirates (UAE), there exists an opportunity for two or more individuals or entities engaged in business activities to come together and seek VAT group registration. In this context, a tax…
In the context of VAT in the United Arab Emirates (UAE), registered businesses can typically seek reimbursement for the VAT incurred when procuring goods and services for their operational needs, as stipulated in our prior article. Nevertheless, there are specific categories of supplies where the…
Input tax refers to the tax paid by an individual on purchases or inbound supplies. A pivotal aspect of the UAE’s Value Added Tax (VAT) system is the opportunity to recuperate the taxes paid on input transactions. This means that an individual or business can…
The United Arab Emirates (UAE) holds a prominent position in global trade, ranking as the largest exporting state in the Gulf Cooperation Council (GCC). Notable exports from the UAE include electronics, precious metals, and gemstones, placing it as the 29th largest export economy worldwide. Simultaneously,…
In a previous article, we delved into the realm of exports and imports within the framework of UAE VAT. Exports, as you may recall, encompass both goods and services. In this article, our focus is on the export of goods and the specific treatment it…
In the context of UAE VAT, it is imperative to distinguish between the supply of goods and services, as both are subject to the same 5% VAT rate. While the tax rate remains consistent, the UAE VAT Law and Executive Regulation treat the two categories…
