by admin | Oct 31, 2021 | VAT
Article 51(5) of the Executive Regulation2 was amended to treat the supply of goods in the designated zone as outside the scope of UAE VAT if the goods are consumed outside the designated zone, provided evidence is obtained and retained that: the goods were delivered...
by admin | Oct 26, 2021 | VAT
It is, therefore, necessary to consider on a case by case basis whether labor accommodation is: a residential building – Exempt (or zero-rated if the first supply) serviced accommodation – Standard Rated Labour accommodation as residential property:...
by admin | Oct 14, 2021 | VAT
Expo 2020 Dubai has welcomed 411,768 ticketed visits in its first 10 days since the start of the first World Expo being held in the Middle East, Africa and South Asia (MEASA) region. Meanwhile, the Federal Tax Authority (FTA) has called on official participants...
by admin | Oct 3, 2021 | VAT
An amount that has been stated on the issued tax invoice should be converted Into UAE Dirham as per the exchange rate approved by the UAE Central Bank at the date of supply where a supply was made in a currency other than UAE Dirham – Article 69 of the Federal...
by admin | Sep 28, 2021 | VAT
Dubai: Bahrain plans to double its value-added tax to 10 percent, the Gulf’s highest rate after Saudi Arabia, in a bid to curb one of the region’s widest budget deficits. The Gulf’s smallest economy is seeking ways to cut spending and bring its budget back into...
by admin | Sep 15, 2021 | VAT
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