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

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

Important clarification for individuals owning several sole establishments in the UAE

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...