The Federal Tax Authority (FTA) and the UAE Customs Departments have joined forces to streamline the collection of Value Added Tax (VAT) on imported goods. If your business is VAT-registered, you must furnish your Tax Registration Number (TRN) to the customs department during the goods…
With the unanimous approval and subsequent signing of the GCC United VAT Agreement by all member countries, the implementation of the Value Added Tax (VAT) system in GCC Member States is now on the horizon. This implementation is anticipated to be fully operational by 2018,…
All companies registered in the UAE that have supplied more than AED 375,000 to a member state in the past 12 months must register for VAT Registration UAE . Businesses must also register for UAE VAT Registration if they expect the total value of their…
As time passes, we are one step closer to implementing VAT in the UAE. VAT Registration UAE is a general consumption tax levied on most transactions of goods and services unless specifically exempted by law. Under this, VAT is levied at each stage of “value…
