VAT

Introduction

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…

Introduction

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…

Dealing with Multiple Supplies in UAE VAT

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…

How to Pay VAT Using GIBAN

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…

VAT on Goods below Customs Duty Suspension

‘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…

× How can I help you?