The UAE is the fifth largest market in the world for global retail. Many businesses in the UAE provide goods and services exclusively or primarily to recipients who are not subject to VAT. Examples: supermarkets, retail stores, restaurants, etc. There are also a number of…
Under UAE VAT, registered businesses are entitled to recover VAT paid on the purchase of goods and services for business purposes. Of course, this requires meeting the conditions described in the previous article. Additionally, input tax credits are not allowed on certain supplies. Let’s examine…
Ever since the GCC VAT framework was designed, one of the biggest concerns for most businesses has been the “Free Zone VAT” even after the UAE VAT Law was announced. Businesses want to know about the VAT treatment of existing free zones and the VAT…
For VAT purposes, the treatment of exports of goods, i.e. goods being shipped from the UAE to a person residing outside the UAE, depends on whether the consignee is resident in a GCC VAT country. In this article, let’s take a look at the treatment…
If a price inincludes VAT, it is common to issue and receive an invoice for goods or services whose price includes VAT. Incl. tax means that the displayed price includes the VAT value. According to UAE VAT, in some cases, it is mandatory to include…
The Free Trade Agreement provides for the provision of qualified and licensed individuals to assist taxpayers in complying with VAT regulations. These people are called tax officials. Let’s take a closer look at VAT taxpayers. Who is a tax official?A tax agent is a person…
In the previous article, we learned about tax agents, the conditions for registering as a tax agent, and the duties that a tax agent must fulfill. This article explains the process you need to follow to register as a tax agent under her VAT in…
**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…
