VAT UAE

28/03/2019

Over 300,000 businesses now registered for VAT in the UAE

Federal Tax Authority also says that the Tax Refunds for Tourists Scheme is recording nearly 6,000 refund transactions per day

04/03/2019

VAT Refunds for Business Visitors

A foreign business may be entitled to VAT relief (by way of a refund of tax paid) in certain instances.

1.1. Who can claim a refund?

Only foreign businesses that carry on a Business and meet the following conditions (hereinafter referred to as “Foreign Business”) are eligible to apply for a refund:

 They have no place of establishment 1 or fixed establishment in the UAE or the Implementing State;

 They are not a Taxable Person in the UAE;

 They are registered as an establishment with a competent authority in the jurisdiction in which they are established;

 They are from a country that has a value added tax and which also provides refunds of VAT to UAE entities in similar circumstances.

03/12/2018

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12/07/2018

Tourist VAT refund scheme approved by UAE Cabinet.

https://www.msn.com/en-ae/news/other/tourist-vat-refund-scheme-approved-by-uae-cabinet/ar-AAzVlO2?ocid=spartandhp

11/07/2018

VAT Question:

What if excise goods are unsold for a period after being released for consumption? Can payment of excise tax be delayed until the goods are sold?

FTA Answer:
Excise is not a transaction based tax; it is due at the point the goods are released for consumption in the UAE, regardless of whether they will remain unsold.

https://www.tax.gov.ae/faq.aspx

30/06/2018

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28/06/2018

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18/05/2018

Big four accountancy firms plan for forced break-up

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