When operating in the UAE, qualifying foreign businesses can apply for a Value Added Tax (VAT) refund to the Federal Tax Authority (FTA).
Hence, this tool can be used by all persons in UAE to ensure that they pay VAT only to persons registered under VAT. Previously, only registered users on the FTA website were able to use this tool. However, the FTA has enhanced this tool recently, to ensure that even persons not regist...
Process of Filing VAT Return in UAE – VAT Return Form 201 To access the VAT Return Form 201, the taxpayer should log in to the FTA e-Services portal using your registered username and password. Form Navigation menu, select the'VAT'->VAT 201- VAT Return->click on'VAT 201-New VAT Retu...
The VAT Refund Electronic Process While leaving UAE, the tourists will be able to claim for VAT Refund. The tax-free tag needs to be validated within 90 days of purchase. The entire process has been designed in an easy manner so as to avoid human intervention and can be completed in a ...
In the UAE, a general Value Added Tax (VAT) rate of 5% applies to most goods shipped, though some items are subject to a 0% rate or exempt under certain conditions. Additionally, a customs duty of 5% is typically imposed on the cost, insurance, and freight (CIF) value o...
Every registered tax payer in the UAE is required to generate and file a VAT return once every tax period. The tax period is either a month or a quarter (3 months) depending on the prescriptions given by the FTA on your VAT certificate. ...
How Will You Be Affected by the New UAE VAT Regime? Failing to Prepare Is Preparing to FailKhan, Shiraz
In UAE VAT law, consideration is defined as 'All that is received or expected to be received for the supply of Goods or Services, whether in money or other acceptable forms of payment'. This implies that consideration can be in the form of money and non-monetary as well. ...