Hence, the supply of real estate under VAT in UAE is taxed differently based on the type of supply. It is essential that persons dealing in the real estate sector understand the tax applicability on real estate supplies. Latest Blogs
All businesses in the UAE are required to keep an accurate and up-to-date record of their financial transactions. It’s mandatory to register for VAT for businesses that meet the minimum annual income requirement based on their financial records. Businesses that fall under the category of “VAT...
The VAT registration in Abu Dhabi has been rampant because starting 1 January 2018, the tax in UAE or value-added tax (VAT), an indirect tax, will be implemented all over the country. VAT on Services and Goods The final announced UAE VAT rate is 5% for all goods and services. There ...
UAE VAT Framework As most of you will have heard by now, Value Added Tax will be introduced throughout the United Arab Emirates on 1st January 2018, at a rate of 5%. The six members of the Gulf Cooperation Council (GCC) region (the UAE, Saudi Arabia, Qatar, Kuwait, Oman and Bahrain...
Exempted Categories:Includes financial services and residential real estate. Understanding which transactions are taxable and at what rate is crucial for businesses to operate efficiently and avoid penalties. Proper classification also affects the ability of businesses to recover input VAT paid on their ex...
At VATBOX Tax Agency, we understand the importance of reliable and accurate Audit and Assurance services for our clients in the UAE. We offer a range of comprehensive services that are tailored to meet the unique needs of each client.
Discover everything you need to know about handling VAT for e-commerce sales in the UAE. From registration requirements to compliance strategies, this comprehensive guide will… Read more February 5, 2025 Best Accounting Tips for UAE Real Estate Investors in 2025 ...
pharmaceutical and pharmaceutical manufacturers,clinics,hospitals,professional services, retail business, interior decoration companies,HR&payroll,real estate companies and ware house management system ERP software. Our service is in Dubai, Abu Dhabi, Sharjah, Ajman, Ras Al Khaima and all over The UAE...
(VAT), following the 3 December 2021 release ofRevenue Regulation (RR) 21-2021by theBureau of Internal Revenue(BIR). The new order provides VAT exemption for goods and properties bought by registered export enterprises on condition that the purchases will be used exclusively and directly for ...
Dream Catchet Real Estate Middle East Auditing firm in dubai have helped us for many years. We have always been impressed by the team’s expertise and understanding of small health care businesses. They have a personal, proactive approach to guide us with the financial running of our Practice...