UAE Guide: What is VAT Profit Margin Scheme in Dubai?
Profit Margin scheme is in which, The Registrant may, in any Tax Period, calculate and charge Tax based on the profit margin earned on the Taxable Supplies....
Continue ReadingProfit Margin scheme is in which, The Registrant may, in any Tax Period, calculate and charge Tax based on the profit margin earned on the Taxable Supplies....
Continue ReadingReverse Charge Mechanism is a mechanism under which the recipient of goods or services is required to pay VAT instead of the supplier. It is applied as...
Continue ReadingCapital Assets Scheme is a scheme whereby the initially recovered Input Tax is adjusted based on the actual use during a specific period. If a Capital Asset...
Continue ReadingHealthcare Services means any Service supplied that is generally accepted in the medical profession as being necessary for the treatment of the Recipient of the supply including...
Continue ReadingTax group is a group of two or more Persons registered with the Authority for Tax purposes as a single taxable person in accordance with the provisions...
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