The UAE education sector is seeing a number of changes regarding VAT, as certain goods and services provided by educational institutions are subject to 5% VAT. Educational institutions will have questions about the impact of VAT on their sector. Let’s answer some frequently asked questions…
In the previous article, Steps to Submit an E-Warranty on the FTA Portal, we explained the process of submitting an E-Warranty on the FTA Portal. Once the e-warranty has been submitted and approved, the imported goods can clear customs. Import scenarios by non-registered parties that…
Worried about how much VAT to add? Received a price including VAT but don’t know exactly how much VAT? Online VAT Calculator Helps you calculate VAT excluding VAT and including VAT. Just enter the value and we’ll calculate the VAT for you.How theVAT Calculator Works…
In the United Arab Emirates, education is a vital industry. The introduction of value added tax in the UAE has also affected the education sector as additional value added tax has to be levied on certain goods and services provided by educational institutions. Let’s take…
As a consumer in the UAE, you probably know that the country has implemented VAT. Since then you have paid his VAT on many purchases. However, certain cases are now coming to light where suppliers were charging and collecting their VAT from consumers even though…
What is VAT Accounting Software? VAT or VAT is a sales tax levied on various goods and services that customers Must pay. Taxes are calculated and collected on goods and services from production to sale. Sales tax accounting software allows you to maintain sales tax compliance…
Place of supply is a very important concept in the context of VAT. The place of fulfillment is the place where the delivery took place. Whether a delivery is taxed depends on the delivery location. Different rules apply to the delivery of goods and services…
In the previous article, we discussed the Profit Margin Scheme and the specific supplies that you are permitted to manufacture under the Profit Margin Scheme. This article explains how to calculate your profit margin and the taxes you pay based on your profit margin program.…
In the previous article, we discussed the Profit Margin Scheme and the specific supplies that you are permitted to manufacture under the Profit Margin Scheme. This article explains how to calculate your profit margin and the taxes you pay based on your profit margin program.…
The VAT invoice is one of the most important documents issued by registered suppliers for the supply of taxable goods and services. Additionally, tax invoices serve as evidence for customers to claim input tax credits. Therefore, it is very important for the taxpayer that he…
