UAE CT- TAX GROUPS AND QUALIFYING GROUPS
UAE CORPORATE TAX – QUALIFYING GROUP AND TAX GROUP Large businesses often conduct their operations through a group of companies, which has a parent company and a number of subsidiaries. By forming a corporate tax group in the UAE, businesses can also enjoy benefits such…
HOW TO CALCULATE TAXABLE INCOME-UAE CORPORTAE TAX
On December 9, 2022, Federal Tax Authority (the FTA) issued Federal Decree-Law No. 47 of 2022 on the Taxation of Corporations and Business (the CT Law). According to this law, businesses will become subject to UAE Corporate tax from the beginning of their first financial…
UAE CORPORATE TAX UPDATE-Tax Relief to Support Small Businesses
Tax Relief to Support Small Businesses The United Arab Emirates will soon be introducing Corporate Tax, effective for financial years starting on or after 1 June 2023, applicable on the net profit of companies or other businesses in accordance with Federal Law No.47 of 2022…
Tourist VAT Refund Scheme- Guide for UAE Retailers
Tourist VAT Refund Scheme- Guide for UAE Retailers By Alia Noor, FCMA, CIMA, MBA, Oxford fintech programme, GCC VAT Comp Dip,COSO Framework. Associate Partner Ahmad Alagbari Chartered Accountants, UAE Founder xpertsleague VAT refund scheme in UAE makes it possible for eligible tourists to receive…
UAE Tax Free Shopping-How Tourist can claim VAT Refund
UAE Tax Free Shopping-How Tourist can claim VAT Refund By Alia Noor, FCMA, CIMA, MBA, Oxford fintech programme, GCC VAT Comp Dip,COSO Framework. Associate Partner Ahmad Alagbari Chartered Accountants, UAE Founder xpertsleague The UAE introduced a Value-Added Tax (VAT) of 5% in 2018, but tourists…
New Residence VAT Refund Scheme for UAE Nationals
New Residence VAT Refund Scheme for UAE Nationals By Alia Noor, FCMA, CIMA, MBA, Oxford fintech programme, GCC VAT Comp Dip,COSO Framework. Associate Partner Ahmad Alagbari Chartered Accountants, UAE Founder xpertsleague Construction of a building is a taxable supply under the UAE Vat…
VAT Refund for Foreign Businesses IN UAE- (WHAT, WHO, WHEN ,HOW)
VAT Refund for Foreign Businesses IN UAE- (WHAT, WHO, WHEN , HOW) By Alia Noor, FCMA, CIMA, MBA, Oxford fintech programme, GCC VAT Comp Dip,COSO Framework. Associate Partner Ahmad Alagbari Chartered Accountants, UAE Founder xpertsleague Foreign businesses / business visitors should check if they are…
REVERSE CHARGE MECHANISM AND FORM VAT 301-UAE
REVERSE CHARGE MECHANISM AND FORM VAT 301-IN UAE By Alia Noor, FCMA, CIMA, MBA, Oxford fintech programme, GCC VAT Comp Dip,COSO Framework. Associate Partner Ahmad Alagbari Chartered Accountants, UAE Founder xpertsleague What is Reverse Charge Mechanism (RCM) ? In a typical business, the supplier…
How to do VAT De-Registration In UAE
How to do VAT De-Registration in UAE By Alia Noor, FCMA, CIMA, MBA, Oxford fintech programme, GCC VAT Comp Dip,COSO Framework. Associate Partner Ahmad Alagbari Chartered Accountants, UAE Founder xpertsleague WHAT IS VAT DE-REGISTRATION? Tax De-registration is the provision for a registered taxable person…
“Time -frame for Recovering Input Tax”
“Time -frame for Recovering Input Tax” By Rashid Ghulam Akbar, Tax Director , ATH Business Consultants & Chartered Accountants The Federal Tax Authority (FTA) in the UAE has issued a public clarification vide Number VAT017 discussing the time-frame for recovering the Input VAT by a taxable person….
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