UAE Guide: Dubai VAT an Aid to Business Growth
VAT was introduced in the UAE on 1st of January, 2018 to diverse its source of income for the benefits of public. VAT was applicable at a standard rate...
Continue ReadingVAT was introduced in the UAE on 1st of January, 2018 to diverse its source of income for the benefits of public. VAT was applicable at a standard rate...
Continue ReadingEntertainment Services means those expenses which are incurred for activities which are meant to entertain personnel. One of the examples to understand this is free staff parties, food in...
Continue ReadingWith the introduction of VAT Law in Dubai, business houses face problems and make small mistakes. These mistakes can cost the entity higher of AED 50,000 or 50% of...
Continue ReadingFTA has issued a clarification on treatment of re-imbursement and disbursement of expenses. In addition to that, FTA also issued clarification with respect to what constitutes disbursement and re-imbursement....
Continue ReadingCompensation Payments are for any loss, breach of contracts, omission etc. This type of expense occurs in the normal course of business only. Recently, FTA in Dubai, UAE has...
Continue ReadingWith the introduction of VAT in Dubai, all forms of digital marketing services are charged at a rate of 5% VAT. Digital Marketing services is being spread all over...
Continue ReadingThe introduction of VAT in Dubai has led to changes in all sectors including the transportation sector. The transportation sector is considered as an enabler in any economy. The...
Continue ReadingExcise tax law was introduced in the Dubai in the year 2017. It is a form of indirect tax levied on specified goods. These specified goods are harmful to...
Continue ReadingAn option or a financial option, gives the buyer a correct to buy or sell an underlying financial instrument at a specified price prior to or on a specified...
Continue ReadingAs per Dubai VAT Laws, one person is allowed to have only one registration. Supposedly, if a person is operating in branches, in such case also he is allowed only...
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