Branch License V/s Subsidiary License in the UAE
If you already have a business in another country and are interested in entering the UAE/Dubai market, you are at the right place. Having a presence in the UAE has many benefits, you need to look into many options available to you. There are many factors you need to consider when making this choice. When […]
If you run a business in the automotive industry, you need to fully comply with the VAT regulations in UAE. Read this to avoid VAT penalties.
When filing your VAT return, you would have noticed a question asking if VAT was charged under the profit margin scheme. Do you know what it is, or what to answer in your tax return? If you do not charge VAT under the profit margin scheme you must make sure you correctly answer “no” to […]
Did you know that giving gifts or free samples in the UAE can be taxable?
When advising clients on setting up a business in the UAE mainland, one of the most commonly asked questions is what are the compliance requirements in the UAE. Here we have curated for you a list of compliance requirements you must be aware about before entering into the UAE market, and taking advantage of the […]
Most investors in the past used to consider Freezone options in order to get the 100% ownership. We all know that the new FDI update has now given an opportunity to expatriates to set up businesses for over 1000 activities. This has surely made it less attractive to consider UAE Free Zone options. We have […]
One of the most frequently asked questions by our clients in the UAE is whether input VAT on certain expenses is recoverable or non recoverable. So here we have answered some of the most important and frequently asked questions about Non Recoverable Input VAT. You need to be very careful on input VAT recovery when […]
Revealed – Amendment in Tax Penalties The FTA has recently announced an amendment in VAT penalties that will be levied post 28th June 2021 and waiver on existing penalties imposed prior to 28th June 2021. Here we will discuss some of the major takeaways from this update from the FTA’s announcement. Definitely read this: It […]
Do you have a university or higher education institute in the UAE? You need to know what are the different classifications of VAT for Universities or Higher Education Institutes? It is possible for you to have all the three types of Value added taxes – Standard Rated ( 5% ), Zero Rated ( 0%) & […]