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