Brief Snapshot on Economic Substance Regulations (ESR) in United Arab Emirates.
Background: The UAE introduced Economic Substance Regulations to honour the UAE’s commitment as a member of the OECD Inclusive Framework on BEPS […]
Author: Tapas Ladhani
FDI Highlights on upto 100% Foreign Ownership – UAE Mainland
UAE has announced new FDI Policy through which 100% ownership can be obtained by companies in Mainland UAE for the activities provided […]
Clarification on Time Frame to Claim VAT Credit in UAE 🕛
Long Awaited Clarification Issued by Federal Tax Authority (VAT P-017) Input tax must be recovered in the first tax period in which […]
Tax Returns can be Downloaded in PDF Formats from FTA Portal
As per Latest update by Federal Tax Authority, tax returns (VAT & Excise Tax) filed till date on FTA portal can be […]
New Form Addition in Excise Tax Portal – Form 203D
Excise Tax Update in the UAE. Forms are amended / added in Excise Tax Tab which provides detailed information reporting and compliance […]
VAT Update in Oman
MUSCAT (WAF)- Oman will not be implementing the Value-Added Tax (VAT) in 2020, a high ranking official at the Ministry of Finance […]
VAT Clarification on B2B Healthcare Services
Federal Tax Authority has issued a clarification on Business to Business Supplies for Healthcare Services. A supply of healthcare services may only […]
CbCR Notification form Rolled-out in UAE
Cabinet Resolution No. 32 on Country-by-Country Reporting was issued in UAE and requires the entities being tax resident in the UAE and […]
Dubai Customs issues new HS Codes List for Excisable Goods in the UAE
Dubai Customs Department has issued Customs Notice no. 8 / 2019 regarding excise goods and tax on the same. Customs department has […]
Who are Stockpilers in Excise Tax?
Stockpilers are persons in business who have more than their Average Monthly Hold of Excise Goods or Two Months Sale. They need […]