Author: dxbuae1

INSTANT LICENSE – DUBAI

What is Instant License in Dubai? In July 2017, UAE Government announced the facility of Instant license in Dubai to enable businessmen to obtain their Trade license (Commercial or professional) in just one step within five minutes. The Business Registration & Licensing (BRL) division in Department of Economic Development (DED) in Dubai come up with [...] Read More

Tax Invoice under VAT in U.A.E

Getting Started Tax Invoices require more details to be recorded than a simplified tax invoice. They have to be issued by all registrants for taxable supplies to other registrants, where the consideration for the supplies exceeds AED 10,000. Hence, 2 conditions to be met for issuing a Tax Invoice are: The recipient should be registered and The [...] Read More

VAT REFUND – NEW RESIDENCIES

GETTING STARTED Where a UAE national owns or acquires land in the UAE on which the person builds his / her own residence, he / she shall be entitled to make a claim to the FTA to refund the vat on the expenses of constructing the residence. WHO IS ELIGIBLE TO CLAIM? The claim may [...] Read More

VAT ON HEALTHCARE SERVICE

Getting Started The question is whether Business-to-Business healthcare services are eligible for zero-rating. A supply of healthcare services may only be zerorated if the recipient of the supply is also the person who receives the treatment. The recipient of the supply must also be the patient that receives the treatment. Where the patient and the [...] Read More

VAT ON GOLD & DIAMOND

What will be the VAT treatment of gold & diamonds? Where a business supplies gold or diamonds to a VAT-registered recipient, and the recipient is purchasing the goods in order to either resell, produce or manufacture gold and diamond based products, the supplier will not be required to account for VAT on such sales or [...] Read More

VAT DE-REGISTRATION

INSIDE THIS ISSUE Introduction Eligibility Criteria Fitting an Article into a Tight Space Inserting Your Own Art The Elements of a Newsletter Introduction What is VAT De-registration? Tax De-registration is the provision for a registered taxable person to cancel his/her VAT registration. It means de-activation of the registration and the VAT number of the taxable [...] Read More

VAT ON TOURISM – MERCHANTS

The Federal Tax Authority (FTA) has announced that registration for the Tax Refunds for Tourist Scheme is now open for retailers, As per Cabinet Decision No.(41) of 2018 on introducing the Tax Refunds for Tourists Scheme. Those wishing to register for the Scheme, operated by Planet on behalf of the FTA, must meet a set […]

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VAT ON TOURISM

Getting Started Tourists and visitors can claim refund on VAT paid on purchases they made during their stay in the UAE. Recovery of payment will be done through a fully integrated electronic system which connects retailers registered in the ‘Tax Refund for Tourists Scheme’ with all ports of entry and exit from the UAE How […]

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VAT Return Filing Service

7 Things You Need to Know about VAT Return Filing Service in UAE

Everyone has observed a hike in prices of various goods and services since the VAT in UAE has applied. To build a positive image and reputation in the market, It is required to have robust compliance within the company itself. The Federal Tax Authority (FTA) has claimed that all businesses subject to Value Added Tax […]

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Company setup in UAE

COMPANY SETUP IN UAE

A Business Guide for the Formation of a Company in UAE Doing Business in UAE Companies locally registered ­­ Free Zones in UAE Offshore Companies Our Services Doing Business in UAE The Market in UAE is the leading regional trading hub; it offers access to a market of outstanding potential for overseas companies. Among its […]

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