A Designated Zone is an area specified by the cabinet decision that fulfills the conditions outlined in the UAE Executive Regulation. Authorities consider it a VAT-free Zone and treat it outside the State of UAE for VAT purposes. Consequently, VAT will not be levied on any transfer of goods between Designated Zones. This article will… Read More »
The first UAE VAT return, which companies must file for which the monthly VAT return is important, is due on February 28, 2018. Businesses must use the Federal Tax Authority (FTA) portal to submit their VAT returns online. If no offline filing options are available using XML, EXCEL, or any other software; the FTA portal… Read More »
Corporate tax exemptions and incentives are key factors that attract businesses to the United Arab Emirates (UAE). With a business-friendly environment and a focus on economic growth, the UAE offers a range of tax benefits to support and incentivize businesses. In this blog post, we will explore the top 5 corporate tax exemptions and incentives… Read More »
For a long time, the UAE has been a tax haven! Entrepreneurs and small company owners from all over the world were flocking to Dubai and other Emirates to pursue their goals. Because of the subsidized corporation tax and hospitable business climate. To flourish. To accomplish. The corporate climate evolves as time goes on. The… Read More »
Recently, the authorities of the United Arab Emirates (UAE) announced that the corporate tax will get introduced from 1st June,23 in the country. As expected, this news has created a buzz among businesses and tax professionals. Interestingly after this, the UAE will become 4th among the GCC countries to introduce a federal corporate tax. If… Read More »
VAT A value-added tax (VAT) is a form of tax that is levied gradually. It is applied to the price of a product or service. Usually applied at each stage of manufacture, distribution, or sale to the end user. The final customer can reclaim the VAT tax paid if they are a firm that collects… Read More »
