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Documents Required for VAT Return Filing in the UAE

Documents Required for VAT Return Filing in the UAE

VAT Return Filing in UAE

Businesses are required to provide information about their sales and purchases to the Federal Tax Authority as part of the VAT return filing process. It involves figuring out the VAT requirements which takes into account the discrepancy between the VAT collected on sales and the VAT paid on purchases over a given time frame. The tax authorities … Read more

How to Cancel VAT Registration in UAE

Cancel VAT Registration in UAE

Businesses must deregister from the VAT system, in instances where they cease conducting business activities related to VAT supplies. In the UAE, the Federal Tax Authority (FTA) administers this process. Thus, to effectively cancel Value Added Tax Registration in compliance with statutory regulations, businesses should seek the expert services of top Tax Consultants in UAE. … Read more

France-UAE Double Tax Treaty, All You Need to Know

France - UAE Double Tax Treaty

The double tax treaty signed between the United Arab Emirates (UAE) and the French Republic, effective from December 1, 1990, addresses issues of double taxation and fiscal evasion concerning taxes. It applies to residents of either or both countries and covers various taxes. In France, this includes income tax, corporation tax, social contributions on corporate … Read more

Guide to Tax Period under Corporate Tax in UAE

tax period under corporate tax

To ensure compliance with the corporate tax procedures and regulations, businesses are required to fully comprehend their tax period, for purposes of filing corporate income tax returns. This article explains the general tax period applicable to most businesses as well as possible variations. Thus, businesses are advised to seek the expert services of reputable Tax Consultants in … Read more

VAT Late Payment Penalties in the UAE: FAQs

VAT Late payment penalties in the UAE

Value Added Tax (VAT) is a significant part of the taxation system in the United Arab Emirates, and businesses are required to comply with VAT payment, to which noncompliance accrues hefty fines. This article addresses distinct frequently asked questions (FAQs) regarding the UAE’s late payment penalties for VAT. Essentially, it is advisable for Taxable Persons … Read more

Required Documents for VAT Registration in UAE

Documents for VAT Registration in UAE

A consumption tax, known as the Value Added Tax (VAT) is imposed on the value that is added to products and services at each step of production or distribution. In the United Arab Emirates (UAE), VAT was introduced on January 1, 2018, at a standard rate of 5%. The UAE government now relies heavily on … Read more

UK UAE Double Tax Treaty

UK UAE Double Tax Treaty

The bilateral income and capital tax treaty, which came into effect on December 25, 2016, marks a significant development in the relationship between the United Arab Emirates (UAE) and the United Kingdom (UK). The treaty officially signed on April 12, 2016, represents a pioneering agreement between these two nations and encompasses a comprehensive range of … Read more