Latest Updates on VAT Refund

A foreign company that conducts business in the United Arab Emirates is eligible for VAT (Value Added Tax). According to the Federal Tax Authority’s regulations and norms (FTA), the rule improves business profitability with the United Arab Emirates. All registered companies must file a VAT return during the tax period detailing…
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Tax Flash

Revised Tax Penalties for various defaults under UAE VAT Law and amendments in Executive Regulations 24/07/2021 10 Mins read The Federal Tax Authority (FTA) has revised penalties by issuing Decision No. 49/2021 (New Resolution), amending provisions of Cabinet Decision No. 40/2017 (Old Decision) regulating tax penalties imposed for the violation…
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All you Need to know about VAT Audit

The UAE introduced the Value Added Tax (VAT) regime in 2018, which applies to goods and services. VAT is fundamentally a self-assessment process where a taxable person evaluates the applicability of the tax, collects it on behalf of the UAE government, and pays it periodically to the government treasury. To…
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Why You Should Hire A Tax Agent In UAE?

Taxation is not simple at all, it is a very complicated thing but at the same time it is very much important for you and thus one should never ignore the taxation. Taxation is generally not understood by the people because there are many clauses, protocols, and many other things…
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How to find a TRN number of a company

The Tax Registration Number (TRN) is a special 15-digit number gotten after the VAT registration of a business to differentiate one entity from the other. The VAT is an indirect tax imposed on the purchase of products and services. The execution of VAT has actually increased federal government profits to…
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Steps to Claim Tax Refund Scheme

Complete Steps to Claim Tax Refund Scheme Under UAE VAT With the introduction of Value Added Tax-– VAT in the UAE, among all other schemes Tax Refund Scheme for Tourists has been the most waited for one. UAE has been a destination for millions of visitors particularly Dubai, which is…
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