In the United Arab  Emirates, education is a vital industry. The introduction of value added tax in the UAE has also affected the education sector as additional value added tax has to be levied on certain goods and services provided by educational institutions. Let’s take…

As a consumer in the UAE, you probably know that the country has implemented VAT. Since then you have paid his VAT on many purchases. However, certain cases are now coming to light where suppliers were charging and collecting their VAT from consumers even though…

What is VAT Accounting Software? VAT or VAT is a sales tax levied on various goods and services that customers Must pay. Taxes are calculated and collected on goods and services from production to sale. Sales tax accounting software allows you to maintain sales tax compliance…

Place of supply is a very important concept in the context of VAT. The place of fulfillment is the place where the delivery took place. Whether a delivery is taxed depends on the delivery location. Different rules apply to the delivery of goods and services…

In the previous article, we discussed the Profit Margin Scheme and the specific supplies that you are permitted to manufacture under the Profit Margin Scheme. This article explains how to calculate your profit margin and the taxes you pay based on your profit margin program.…

In the previous article, we discussed the Profit Margin Scheme and the specific supplies that you are permitted to manufacture under the Profit Margin Scheme. This article explains how to calculate your profit margin and the taxes you pay based on your profit margin program.…

The VAT invoice is one of the most important documents issued by registered suppliers for the supply of taxable goods and services. Additionally, tax invoices serve as evidence for customers to claim input tax credits. Therefore, it is very important for the taxpayer that he…

IntroductionThe Federal Tax Authority (FTA) has introduced the VAT 211 Form “Self-Disclosure Form” on the VAT Portal. This will help the taxpayer correct any errors or omissions made while filing her VAT return 201 for the previous period. In this article, you will learn what…

The UAE is the fifth  largest market in the world for global retail. Many businesses in the UAE provide goods and services exclusively or primarily to recipients who are not subject to VAT. Examples: supermarkets, retail stores, restaurants, etc. There are also a number of…

Under UAE VAT, registered businesses are entitled to recover VAT paid on the purchase of goods and services for business purposes. Of course, this requires meeting the conditions described in the previous article. Additionally, input tax credits are not allowed on certain supplies. Let’s examine…