How to adjust VAT on Bad Debts under UAE VAT Law? Introduction There could be some situations where a VAT-registered supplier, supplies goods or services to its customers. Thereafter the Customer has not paid (wholly or partially) within that period. However, that Read More
What is VAT De-registration ? Like registration, de-registration also an important procedure to be understand. Tax De-registration means de-activation of the registration and the VAT number of the taxable person. A taxable person registered under VAT can apply for Tax de-registration or Read More
Relevant Activities under ESR (Economic Substance Regulations) in UAE The Regulations apply to companies and other business forms registered in the UAE, including in a Free Zone or in a Financial Free Zone, that carry out any of the Relevant Activities under Read More
Economic Substance Regulations in UAE The Economic Substance Regulations (ESR) issued by the UAE curbs harmful tax practices and closely tracks the global standard set by the OECD (Organisation for Economic Co-operation and Development). It applies to all companies established in the UAE. Read More
Tax Free Shopping in United Arab Emirates- VAT Refund From 18 November 2018, eligible tourists in the UAE will be able to request refunds on the Value Added Tax (VAT) incurred on their purchases while they are in the UAE. Only Read More
Tax Audit In the UAE and Saudi Arabia, next year there will be a lot of full-scale tax audit activity undertaken on businesses. Now that regulations are in place, taxpayers are expected to prepare for audits by the UAE’s Federal Tax Authority and Read More
Benefits of Accounting Services Outsourcing Outsourced accounting, bookkeeping, and controller services have become a more common solution for small and medium businesses today. Accounting Services Outsourcing is the process of delegating a company’s business process to third parties or external agencies. The benefits Read More