UAE Guide: What is Impact of VAT on Sale of Business in Dubai?
With respect to sale or transfer of business asset as a going concern, FTA has issues a clarification on 20th August, 2019 vide Clarification No: VATP015. As per the...
Continue ReadingWith respect to sale or transfer of business asset as a going concern, FTA has issues a clarification on 20th August, 2019 vide Clarification No: VATP015. As per the...
Continue ReadingThe Dubai government has successfully implemented VAT law across the country. There might be some changes required in a profile after registering. Therefore, amending the tax details, during the...
Continue ReadingDesignated Zones are areas identified by the Dubai Cabinet as eligible for special treatment under the UAE VAT law. A Designated Zone in Dubai, UAE must be a specific...
Continue ReadingTelecommunication services means delivering, broadcasting, converting or receiving any of the services specified below by using any communications equipment or devices that transmit, broadcast, convert, or receive such...
Continue ReadingFinancial services are services connected to dealings in money (or its equivalent) and the provision of credit and include for instance (1) The exchange of currency, whether...
Continue ReadingReal estate is generally considered to be property consisting of land or buildings, and includes: 1) Any area of land over which rights or interests or services can be...
Continue ReadingThe supply of educational services shall be zero rated on the conditions that: (1) the supply of educational services is provided in accordance with the curriculum recognized...
Continue ReadingRelated Parties are two or more persons who are not separate on the economic, financial or regulatory level, where one can control the others either by Law,...
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...
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