On April 28th, 2021, the UAE Cabinet issued Resolution No 49 of 2021 amending tax penalties and provides reduction, alternative...

The Relevant Activities assessment is what determines whether your business is subject to the Economic Substance Regulations (ESR).

What is the ESR The ESR regulations require certain businesses in the UAE to maintain and demonstrate adequate economic presence in the...

The Federal Tax Authority of the UAE (FTA) published a new VAT Public Clarification (VATP017) which provide an interpretation of the...

New regulation in respect of disclosing the Ultimate Beneficial Owners (UBO) of businesses have been implemented in the UAE via Cabinet...

Important clarification for individuals owning several sole establishments in the UAE

The Federal Tax Authority of the UAE (FTA) published a new VAT Public Clarification (VATP020) which clarifies the “VAT-free” special...

In general, the VAT in the UAE should not be a cost to tax registered businesses. VAT incurred on business expenses and purchases could...

What is a Tax Invoice? As per the UAE VAT legislations, a tax invoice is a written paper or electronic document which records the details...

The essential difference between zero-rated and exempt supplies is that businesses selling zero-rated goods or services can recover any...

You can pay your VAT returns in the UAE via a bank transfer, an exchange house transfer, a credit card, or E-dirham. Paying VAT dues...

What businesses should do before registering for VAT in the UAE? Embed VAT in your business plan Start-ups and newly established...

All tax registered, individuals and businesses in the UAE are required to maintain certain business records for a specified period of...

This article is to give a brief overview of the basic principles of the Value added tax in the UAE. What is VAT? Value added tax (VAT) is...

Where a UAE national owns or acquires land in the UAE on which he builds his own residence, he shall be entitled to make a claim to the...

VAT Planning An important aspect of VAT planning & implementation is to avoid overpayment of tax by recovering the VAT paid on business...

What are Entertainment expenses Entertainment is hospitality of any kind including: Accommodation Food and drinks Access to shows or...