How to Register for VAT in the UAE?
November 28, 2017
How to Register for VAT in the UAE?
Reverse Charge Mechanism Under VAT in the UAE
November 25, 2017
Reverse Charge Mechanism Under VAT in the UAE
How to prepare VAT Invoices in the UAE
November 25, 2017
How to prepare VAT Invoices in the UAE

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  • VAT
  • Recent
Role of External Auditor

Role of External Auditor

  • November 25, 2017

External auditors play a critical role in validating company financial information. Potential lenders and investors often require externally audited financial statements before doing business with a company.so it is really important for the companies to get their accounts audited.

  • VAT
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Compliance requirements under VAT

Compliance requirements under VAT

  • November 23, 2017

Introduction of VAT is taken as a positive and a very strong step of UAE government as it is estimated that the introduction of VAT could generate Dh12 billion in its first year and Dh20 billion in its second year, but with that jurisdictions have set out thresholds depending on turnover or other transaction-specific criteria, but once the mandated threshold is exceeded VAT registration becomes mandatory.

  • VAT
  • Recent
VAT Compliance Challenges in UAE

VAT Compliance Challenges in UAE

  • November 23, 2017

The GCC states have announced VAT and also concluded a broad framework for the introduction of VAT where they have set out the underlying principles of VAT laws for the six GCC countries who are VAT ready, some member states will have some flexibility on how VAT will be applied to some key sectors in their jurisdiction.

  • VAT
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What is Input Tax and Output VAT?

What is Input Tax and Output VAT?

  • November 22, 2017

As Value Added Tax (VAT) is all set to become applicable in all GCC countries from 1st January, 2018, there are many things people want to know about the new tax regime.

  • VAT
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VAT and Its Impact on Different Verticals of Life

VAT and Its Impact on Different Verticals of Life

  • November 22, 2017

Ever since the Ministry of Finance has announced the introduction of new consumption tax called Value Added Tax in UAE, the whole nation is trying its best to get in terms with the new tax rule and adjusting their personal and business operations in accordance with the law

  • VAT
  • Recent
VAT and Its Technological Dependencies

VAT and Its Technological Dependencies

  • November 21, 2017

As the VAT implementation date is nearing, the businesses are immense pressure to set up the entire VAT enabled IT Platform for easy VAT management. In a recent survey by  Thompson Reuters & ACCA highlighted the different scenario altogether. According to the survey majority of the businesses are still not VAT ready as their IT system is yet to be updated in accordance with the proposed tax law. This has exposed and highlighted the number of shortcomings and challenges faced by businesses currently, ahead of the VAT implementation. 

  • VAT
  • Recent
Introduction of VAT in UAE and its Impact on the UK based Businesses

Introduction of VAT in UAE and its Impact on the UK based Businesses

  • November 21, 2017

UAE is about to implement a new taxation law in the form of Value Added Tax or VAT but many nations of the west including the UK has successfully implemented and executed the law. At times reforms do not achieve their objectives successfully and sometimes even have to be reversed. 

  • VAT
  • Recent
VAT and its influence on Consumer Spending

VAT and its influence on Consumer Spending

  • November 20, 2017

Majority of the UAE residents are acutely aware of VAT and they have been closely following every new update relating to the new tax regime as its implications are far more down rooted in their day to day lives. With the announcement of VAT to be implemented in the UAE from 1 January 2018, many small businesses would be worried about the impact this has on their customers.

  • VAT
  • Recent
UAE gets VAT law ahead of January 2018 tax roll-out

UAE gets VAT law ahead of January 2018 tax roll-out

  • November 20, 2017

Dubai is going to introduce VAT as it is much awaited law which was issued by the president His Highness ShaikhKhalifa Bin Zayed Al Nahyan from 1st January 2018.

  • VAT
  • Recent
UAE Transcripts New VAT Framework for other GCC Nations

UAE Transcripts New VAT Framework for other GCC Nations

  • November 20, 2017

The members of the GCC council are in the midst of approving the highly anticipated common framework for the introduction of a Value Added Tax (VAT) system in the GCC. The common VAT framework will form the basis for the introduction of a national VAT system by each Member State.