For VAT purposes in the UAE, Designated Zones are treated as being outside the State and other Implementing States. Although considered outside the State, moving Goods from within the State to a Designated Zone is not deemed an export of Goods. This means that supplying…
This exemption is specific to VAT and does not apply to customs duties, which may still need to be paid. Let’s look at the types of imports exempt from VAT Registration: Goods imported by the armed forces, including the military and internal security forces, are…
There is often confusion surrounding zero rate, exempt, and out of scope supplies under UAE VAT legislation. While VAT Registration is not charged on any of these supplies, there are key differences to understand. Zero rate supplies are considered taxable, so VAT Registration uae is…
Sometimes businesses will bundle together two or more goods or services into a single transaction as a sales strategy to attract more customers. Combining goods and services can also be necessary if the nature of the items means they need to be supplied together. In…
The standard time frame for filing VAT return uae is quarterly, meaning every 3 calendar months. However, some businesses may be required by the Federal Tax Authority trn verification (FTA) to file monthly instead. VAT return uae must be submitted by the 28th day after…
With the introduction of VAT in the UAE on January 1, 2018, businesses operating in Free Zones were concerned about the impact of VAT Registration on their operations. As a first step to provide clarity on free trade zones, the UAE VAT Executive Regulations defined Designated Zones…
Providing multiple products or services together in one transaction is a common business scenario. While there are various reasons for bundling these goods or services as part of the same deal, what matters most to the supplier is understanding the impact of VAT Registration on…
The UAE Federal Tax Authority has implemented various support measures to assist businesses with complying with the newly introduced Value Added Tax. Companies can learn the complex details of the VAT law and find solutions to any issues they face with VAT compliance. Let’s look…
To make paying VAT easier for registered persons, the Federal Tax Authorit trn verification (FTA) has introduced a new payment method: GIBAN. This is in addition to the existing eDirham facility and credit card payment options. Let’s understand what GIBAN is and how to use…
‘Customs responsibility suspension’ is a word frequently used when discussing imports into the United Arab Emirates. Let us apprehend customs responsibility suspension and the substances to which it’s far applicable. What is customs responsibility suspension? Customs duties will no longer be applied to specific imports…
