When operating in the UAE, qualifying foreign businesses can apply for a Value Added Tax (VAT) refund to the Federal Tax Authority (FTA).
Under UAE VAT, the first VAT return is due on 28th Feb, 2018, which will be filed by those businesses for whom the monthly VAT return is applicable. The businesses are required to file VAT Return online using the Federal Tax Authority (FTA) portal. The FTA portal is designed to accept ...
To know how much buying power you start with, it is important that you know where you stand financially. The UAE Central Bank has developed mortgage caps for foreign investors in the last year, and if you go over your budget and bounce a check, this could result in heavy fines. They ta...
Firstly, you'll need to register your import-export company in the UAE/Dubai by clearly defining your business operations and the specific import-export activities you plan to engage in during the company formation process. This is important so you're able to obtain the correct trade li...
What's hot in the UAE e-commerce sector? All you need to know about doing business in the UAE.
UAE duties and taxes 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 ...
If the TRN is valid, you will get the message shown below, with the legal name of the entity in English as well as Arabic: 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 ...
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 ...
Migration procedures for existing VAT payers to GST online in India Refund of GST paid in India, FAQ 4 Conditions when applying for refund of Input Tax Credit (ITC) under GST Enrolling an existing VAT taxpayers at the GST Common Portal ...
Learn about UAE VAT returns, the return filing procedure and profit margin scheme from Zoho Books UAE.