Trending
- 20 Aug, 2019
Sugary drinks to cost more in UAE from January 2020
The UAE will levy excise tax on additional sugary and smoking products from next year in order to reduce consumption of these unhealthy products linked to chronic diseases. The UAE Cabinet has approved a proposal to impose 50 per cent excise tax on products with added sugar and sweeteners, whether in the form of a beverage, liquid, concentrate, powders, extracts or...
More... - 17 Aug, 2019
Federal Tax Authority launches new electronic system to register excise goods
The Federal Tax Authority,FTA, has launched a new electronic system for registering excise goods as part of its plans to continuously develop the tax system as a whole, and excise tax procedures, in particular. In a press statement issued today, the authority explained that the new system offers accurate and transparent procedures for registering excise goods with ...
More... - 22 Aug, 2019
Transfer of a Business as a Going Concern – VATP015
In accordance with Article 7(2) of the Federal Decree-Law No. (8) of 2017 on Value Added Tax (the “Decree-Law”), the transfer of whole or an independent part of a business from a person to a taxable person for the purposes of continuing the business that was transferred is not considered to be a supply for VAT purposes. As a consequence of not being a ...
More...
