Value Added Tax (VAT) is an indirect tax that is imposed on goods and services at each stage of production or distribution. The United Arab Emirates (UAE) introduced VAT on January 1, 2018, with a standard rate of 5%. VAT registration is mandatory for businesses that meet certain criteria. In this article, we’ll take a closer look at VAT registration in UAE, who needs to register, and the process involved.
All you need to know about professional company setup in Dubai. All you need to know about professional license in Dubai.
Income tax in UAE. VAT in UAE. Excise in UAE. Is UAE really Tax Free ?
‘Local sponsor’ / Service Agent is a general term used in the UAE to refer to local service agents and nominee shareholders (sleeping partners) in mainland companies with foreign investment. A sponsor has to be an Emirati (UAE national) with a family membership card (Gincia). Operating a business in the Dubai Mainland area requires a … Read more
In times of cut-throat competition and innovative marketing strategies, protecting your brand identity is of utmost importance. Thanks to the UAE’s world-class business infrastructure, investors and entrepreneurs from across the globe move to the UAE to start their own companies, which has led to healthy competition in the market. With the competition comes along the … Read more
Businesses in the UAE are often bewildered by the tax treatment of VAT paid on motor vehicles while self-assessing their VAT liabilities. This could be possible because of two reasons first being a special transaction that is not normal in day to day business and the second being that the amount of tax paid is … Read more
Oman approves implementation of VAT Tushar Agarwal October 21, 2020 After the issuance of Royal Decree No. 121/2020, Sultanate Of Oman published its VAT Law in the Official Gazette on 18 October 2020 (“VAT Law”). VAT will be imposed in the Sultanate Of Oman at the standard rate of 5% in line with the GCC … Read more
