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  • FTA Releases guide on Clarifications on the Law

    The FTA has published a user guide to allow businesses to raise clarifications directly on specific technical questions to the regulations. The guide sets out specific definitions to a clarification question, what these requirements are, the process, authorisations required and who can submit a c


    Contracts that are signed prior the implementation of Value Added Tax (VAT) on January 1 2018 that do not specify the payment for VAT are treated as exclusive of VAT if:Recipient of the goods or services is a registrant; andRecipient can recover the input tax incurred on the supply in full or part

  • FTA Publishes additional technical guide on Tax Groups

        The Federal Tax Authority (FTA) has published a technical guide on tax groups. This guide addresses the technical aspects of tax grouping, and is separate to the published tax groups user guide, which deals with the administrative elements of establishing a tax group. The new guide provides

  • Assess Your Company's Strategy to VAT Compliance

    As your business comes to terms with the introduction of VAT on January 1st, the implications of managing VAT compliance effectively may be generating a number of questions. In this blog, we’ll discuss the options your business should be considering to manage risk and cost on compliance Assess yo

  • FTA: New version of Excise Tax Returns user guide

        The UAE FTA has published a new version of the Excise Tax Returns user guide originally published in May.   The new version of the guide states that the value of excise goods and Excise Tax will be automatically populated on the relevant declaration forms for submission, based on the FTA’s

  • Central Bank issues new notice on the application of VAT

    The Central Bank of the United Arab Emirates (“Central Bank”) has recently issued a notice to UAE banks and finance companies on the application of VAT to the capped fees charged in respect of loans and other services offered to individual customers. The newly issued Notice No.157/2018 (“Notice”)

  • Businesses must display prices inclusive of VAT to avoid penalties

    The Federal Tax Authority (FTA) has issued guidance that all businesses subject to Value Added Tax (VAT) and Excise Tax must display prices of goods and services inclusive of tax in order to avoid administrative penalties. The Authority called on consumers and service recipients in the UAE to be

  • Important Notice: FTA Foreign Exchange Rate Policy Effective From 17th May 2018

    As an important update to the FOREX requirements in the Executive Regulations, The Central Bank of the UAE has now begun to publish daily exchange rates on its website for certain currencies against the UAE Dirham to be used for VAT purposes. The rates, which are updated Monday to Friday, are bas

  • FTA requirement for Bank account validation letter with VAT refund request

        The Federal Tax Authority (FTA) has published a new version of the VAT Refund User Guide, with addition of a requirement to  submit a bank account validation letter when submitting a VAT refund request form. Bank account details must be provided on the registration form; refund requests whi

  • UAE Federal Tax Authority issues guide to Real Estate VAT

    The United Arab Emirates (UAE) Federal Tax Authority (FTA) has issued guidelines on Real Estate VAT. The long awaited 33-page manual FTA Real Estate Guide, published on the FTA website covers the relevant guidelines on the following topics: ·       Residential buildings ·       Charitable buildi


    Your business may be accustomed to providing your customers gifts and samples to stimulate demand and build incentives for business. Prior to the introduction of the Executive Regulations governing VAT, this policy did not attract many limitations on value of samples or gifts as long as they did n


    The Government of United Arab Emirates has started the implementation of Value added Tax (VAT), January 1st of 2018. All businesses who are VAT registered must comply with all the regulation set by the Federal Tax Authority.  VAT Registered Businesses who are dealing with importing of goods and se

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