UAE VAT vs Corporate Tax: What’s the Difference & How It Affects You?
The UAE tax system has undergone major changes in recent years, making it essential for businesses to understand how different types of taxes apply to them. The introduction of Value Added Tax (VAT) in 2018 and the more recent implementation of Corporate Tax in 2023 have changed the way businesses manage their tax obligations. While […]
How to File VAT Returns in the UAE: A Complete Guide for Businesses
Filing VAT returns in the UAE is a legal requirement for all VAT-registered businesses, but many companies struggle with the process. Understanding how to accurately report VAT, submit returns on time, and avoid errors is essential to maintaining compliance with the Federal Tax Authority (FTA) and avoiding penalties. A single mistake in VAT filing can […]
UAE VAT Fines & Penalties: Common Mistakes That Can Cost You Thousands
VAT compliance in the UAE is a critical responsibility for businesses, yet many companies unknowingly make mistakes that lead to hefty fines and penalties. Since the implementation of VAT in 2018, the Federal Tax Authority (FTA) has enforced strict regulations to ensure businesses correctly register, file returns, and pay their VAT obligations on time. However, […]
How to Register for VAT in the UAE: A Step-by-Step Guide
Registering for VAT in the UAE is a crucial step for businesses that meet the required threshold. Since the introduction of VAT in 2018, businesses have been required to collect, report, and remit Value Added Tax (VAT) to the Federal Tax Authority (FTA). While the process is designed to be straightforward, many companies struggle with […]
UAE VAT Laws Explained: Everything Businesses Must Know
Value Added Tax (VAT) is an essential part of doing business in the UAE. Since its introduction in 2018, VAT has transformed how businesses manage their finances, structure their transactions, and handle tax compliance. While the VAT system is designed to be straightforward, many companies still struggle with understanding registration requirements, tax rates, exemptions, and […]
How Global Minimum Tax (OECD Rules) Could Affect UAE’s Corporate Tax System
The global tax landscape is undergoing a major transformation, and the UAE is no exception. With the introduction of corporate tax in the UAE, businesses are already adjusting to a new financial reality. However, another global shift is on the horizon—the OECD’s Global Minimum Tax (GMT). Designed to prevent tax avoidance and create a more […]