Resident:- As per Article 13 of Federal law No. 8 of 2017, Every Business Organization who has a Place of Residence in UAE shall register in the following situations : Where the total value of all supplies exceeded the Mandatory Registration Threshold of AED 375,000… Read More »Mandatory Registration under VAT law
Resident:- Any Person who is not obligated to apply for Tax Registration may apply for Tax Registration in the following cases: 1.If he proves, at the end of any given month, that the total value of supplies or the expenses which are subject to Tax… Read More »Voluntary Registration under VAT
Deemed supply of goods or services are those transactions which are not ordinarily supplies but are treated as supplies for the purposes of taxation under law. In these cases the tax implications has to be taken as if there was an actual supply transaction and… Read More »DEEMED SUPPLY VAT:
VAT stands for value added tax it is indirect form of tax which is based on consumption of goods and services. Which means end costumer has to bear the cost of tax. Under VAT (Value added tax) business collect tax from there costumer and pays… Read More »VAT in UAE:-
VAT De-registration is a process of canceling the existing VAT registration. A Registrant needs to de-register under following cases as specified under Article (21) of the said decree law. UAE VAT law specifies the circumstances to apply for De-registration. As a consequent of De-registration a… Read More »DE-REGISTRATION OF VAT:
Tax Residency Certificate also known as Tax Domicile Certificate. In UAE it is issued by Federal Tax Authority (previously by Ministry of Finance). It helps in avoiding Double Taxation. To be eligible an individual has to reside in UAE for at least 180 days. For… Read More »Tax Residency Certificate(TRC)
Resident:- As per Article 13 of Federal law No. 8 of 2017, Every Business Organization who has a Place of Residence in UAE shall register in the following situations : Where the total value of all supplies exceeded the Mandatory Registration Threshold of AED 375,000… Read More »VAT REGISTRATION IN UAE (Mandatory Registration)
Resident:- Any Person who is not obligated to apply for Tax Registration may apply for Tax Registration in the following cases: 1.If he proves, at the end of any given month, that the total value of supplies or the expenses which are subject to Tax… Read More »VAT REGISTRATION (VOLUNTARY)
With the introduction of VAT in UAE, Businesses are forced to keep a closer look at the turnover they reached at particular time to calculate the threshold they reached to apply for vat registration either mandatory or voluntary to avoid penalty of AED 20,000. Let… Read More »VAT Registration Threshold Calculation in UAE