Zero-rated supplies under UAE VAT entail taxable transactions on which VAT is levied at a zero rate. This zero tax rate can apply based on the nature of the supply, regardless of the specific goods or services involved, or for specified items listed under the…
The VAT Audit Process in the UAE A VAT audit in the UAE is an essential compliance check conducted to ensure the accuracy of an individual or entity’s VAT liability. This is achieved by meticulously scrutinizing various records maintained by the taxpayer. The tax audit…
Value Added Tax Registration Number (VAT Registration Number or VRN) In the United Arab Emirates (UAE) VAT system, individuals or businesses with a turnover exceeding AED 375,000 are obligated to undergo mandatory registration, while those with a turnover surpassing AED 187,500 have the option to…
