by admin | Dec 26, 2021 | VAT
The Federal Tax Authority (FTA) has called on tax registrants to benefit from the redetermination of administrative penalties to be equal to 30 percent of the total unpaid penalties. According to the FTA, only a few days are left to benefit from the redetermination on...
by admin | Dec 15, 2021 | VAT
Expo 2020 Dubai (Bureau) shall govern the refund scheme. As part of the SEE Agreement, FTA released the Cabinet Decision No.1 of 2020 on “Refund of Value Added Tax Paid on Goods and Services Connected with Expo 2020 Dubai1 and a User Guide2 for its...
by admin | Dec 9, 2021 | VAT
RIYADH: Saudi Arabia will start implementing the mandatory application of the first phase of e-invoicing “fatoorah” on Saturday, Dec. 4, Argaam reported. An e-invoice, according to regulations, is a tax invoice that is issued electronically by each taxpayer subject to...
by admin | Dec 7, 2021 | VAT
An employer, where it acquires Phones, Airtime, and Packages exclusively for its employees for business purposes and has established a strict policy restricting such employees from personal use, would not be regarded as providing a personal benefit to the employee....
by admin | Nov 21, 2021 | VAT
Starting from November 19, 2021, reconsideration requests will be available on the FTA’s e-services portal (in English also) instead of the Authority’s website. Kindly follow the below steps to submit your reconsideration request via the e-services portal: If you are...
by admin | Nov 10, 2021 | VAT
Tax procedures in the UAE are regulated by the Federal Law No. 7 of 2017 on Tax Procedures. The Federal Decree-Law No. 28 of 2021 on the Amendment of Some Provisions of the Federal Law No. 7 of 2017 on Tax Procedures (“Tax Procedures Law”) has been issued, and is...
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