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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Impact of VAT on School Fees in the UAE

Impact of VAT on School Fees in the UAE

  • November 13, 2017

According to the new VAT law which is going to be implemented from 1st January 2018 in UAE, schools don't need to pay VAT, however there is still vulnerability with regards to private schooling foundations. It is still not clear as specialists say greater lucidity is required about how VAT is going to affect private schools and education sector.

  • VAT
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Impact of VAT on Rental Incomes in UAE

Impact of VAT on Rental Incomes in UAE

  • November 09, 2017

VAT will be another wellspring of generating incomes for governments up in the Gulf Cooperation Council (GCC). VAT on rentals for residential or commercial properties in UAE is one of the concerning areas which will go through a big change in new VAT regime.

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Fixed Asset Depreciation and its Importance

Fixed Asset Depreciation and its Importance

  • November 08, 2017

What is the importance of fixed asset depreciation? The depreciation of fixed assets is primarily used to allocate cost over their functional and applicable lifetime retaining their usefulness. Companies compute fixed assets depreciation for taxation and accounting purposes and also to estimate their repair and replacement costs. In this post, we will highlight methods and ways to calculate it.

  • VAT
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SMEs Urged to be more Proactive in VAT Preparation

SMEs Urged to be more Proactive in VAT Preparation

  • November 08, 2017

GCC regions are going to introduce Value added tax (VAT) effective from 1st January 2018, it will affect the entire system as it will have a broader impact on the businesses, SMEs have to prepare themselves in advance as they have to be more proactive in preparing themselves for VAT preparation.

  • VAT
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Who will bear the ultimate burden of VAT in  UAE?

Who will bear the ultimate burden of VAT in UAE?

  • November 08, 2017

The introductions of VAT will help the UAE generate extra revenues to finance open consumption and to reduce its reliance on hydrocarbons, in accordance with the national expansion system but the question is who is going to bear the burden, let’s find out.

  • VAT
  • Recent
Brief Guide on VAT

Brief Guide on VAT

  • November 07, 2017

The Ministry of Finance UAE, recently proposed the new law that allows them to impose a tax on all goods and services at a standard rate of 5%, and it's called Value Added Tax (VAT). 

  • VAT
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Inventory Methods that must be followed by Accountants

Inventory Methods that must be followed by Accountants

  • November 07, 2017

The task of controlling, supervising and overseeing the ordering, storage and use of involved components that an organization or company makes use of in the production of the items or components markets and sells to customers is known as Inventory Management.

  • VAT
  • Recent
GCC Unites for New Tax Law

GCC Unites for New Tax Law

  • November 07, 2017

The Gulf Cooperation Council has already given the green signal to the imposition of Value Added Tax in their respective nations. Now they reached another milestone by publishing the Unified Agreement for VAT in the official gazette of one of the member states, Saudi Arabia. The Agreement provides the blueprint or framework for the operation of VAT across the GCC which will eventually be implemented by each GCC member nation through legislation and other instruments. This Agreement thus gives a final call to all the companies operating in the Middle East to put in place or further their VAT implementation plans.

  • VAT
  • Recent
UAE Implement VAT on Businesses

UAE Implement VAT on Businesses

  • November 07, 2017

Businesses in UAE will soon have to embed a new taxation system into their existing operational process, as Ministry of Finance, UAE has introduced new goods and service tax for businesses based inout of UAE. VAT registration required for UAE companies with revenues over Dh375,000, says Ministry of Finance, UAE.

  • VAT
  • Recent
UAE VAT Laws to be Established

UAE VAT Laws to be Established

  • November 07, 2017

On 23 August 2017, the UAE issued Federal Decree-Law No. 8 of 2017 on Value Added Tax (UAE VAT Law) to present VAT over the UAE. This step will change UAE structure a lot as everybody is keeping their eyes on the effects of implementation of these new laws.