- 10 May, 2021
FTA released a decision on ‘The Mechanism for Calculating the Average Retail Selling Price of Excise Goods in the Market’
Dubai- May 10, 2021: In order to calculate the average retail selling price of the excise goods in the market, the FTA has released a decision approved by the Board of Directors’ at its 15th meeting held on 20 April 2021. For the purposes of Clause 2 of Article 14 of Cabinet......More...
- 09 May, 2021
UAE reduces penalties on VAT, excise tax to cope with Covid-19 impact
Dubai- May 9, 2021: The UAE has reduced penalties on value-added tax (VAT) and excise tax in order to help companies and individuals better cope with the impact of the Covid-19 pandemic. According to newly-released Cabinet Decision No. 49 of 2021, tax payers who currently have penalties pending can see those reduced......More...
- 08 May, 2021
FTA releases New Public Clarification on VAT registration of Sole Establishments
Dubai- May 8, 2021: The FTA (Federal Tax Authority ) issued guidance on the value added tax (VAT) registration for sole establishments and sole proprietorships. A natural or legal person may own a number of sole establishments. There has been uncertainty on whether each sole establishment needs to obtain a separate VAT......More...