A New Step in Excise Tax System: Digital Tax Stamp Scheme
FTA to ban the sale (supply), transport, storage or possession of water pipe tobacco products and electrically heated cigarettes that are not marked with Digital Tax Stamps with effect from 1st January 2021.
Know more about the Digital Tax Stamp Scheme.
VATP023 relating to Zero-rating of Certain Medical Equipment
UAE’s Federal Tax Authority (FTA) had published a new public clarification (VAT P023) confirming the zero-rating of VAT on personal protective equipment, PPE, relating to COVID-19. The zero-rating is only for qualifying supplies between 1 September 2020 and 28 February 2021.
Published by : Federal Tax Authority
How VAT works in Free Zones (UAE)?
Aurifer and Thomson Reuters have partnered on this whitepaper to discuss about Free Zones in the UAE, the impact of VAT on companies working within these zones, and how you should better navigate these complexities and challenges.
Published by : Aurifer and Thomson Reuters
Cabinet Resolution No. (40) of 2017 on Administrative Penalties for Violations of Tax Law in the UAE
This Resolution outlines the scope of the resolution, general provision of the Administrative Penalty, methods of amending Administrative Penalties, the objections framework and responsibility of issuing Executive Decisions.
Published by : Ministry of Finance, UAE
Federal Tax Authority Opens Registration for Tax Agents and Tax Accounting Software Vendors
Abu Dhabi, November 25, 2017– The Federal Tax Authority (FTA) has officially opened registration for individuals interested in working as Tax Agents and for Tax Accounting Software Vendors, in addition to providing the necessary technical support to help these vendors as they assist UAE-based businesses comply with tax regulations.
Published by : Federal Tax Authority (FTA)
Impact of VAT on the GCC Construction Industry
LEarn about the impact of VAT on the construction industry’s complex supply chains and on roll-over contracts, competitiveness of local firms, how to raise VAT invoices without impacting cash-flows, timelines for claiming back VAT and preferred IT software for VAT filings
Published by : Thomson Reuters
Grant Thornton’s updates on VAT in the UAE – May 2016
Following the announcement earlier this year confirming that the UAE will implement VAT at a rate of 5% from 1 January 2018, the Ministry of Finance(MoF) has just released additional details on the impending introduction.
Published by : Grant Thornton