Value-added tax (VAT) is an important part of the United Arab Emirates (UAE) tax system. Since its introduction on January 1, 2018, VAT Compliance has had a significant impact on businesses across a variety of industries. For companies operating in the UAE, it is important to have a thorough understanding of VAT regulations to ensure …
Understanding VAT Compliance in UAE: A Guide for Businesses Read More »
The UAE – E-commerce Tax Reporting and Error Reporting Rules There have been some notable VAT changes in the UAE: Reporting needs On February 24, 2023, the FTA issued comprehensive guidelines for a new reporting law affecting resident taxpayers whose e-commerce taxable income or sales surpass AED 100 million (approximately USD 37.5 million) within a …
Accounting Equation and VAT in the UAE: Navigating Taxation and Reporting Read More »
Complying with UAE VAT requirements There have been two notable developments in the UAE VAT updates area. From July 1, 2023, certain companies will be subject to new reporting requirements. and From March 1, 2023, all errors in VAT UAE returns must be reported to the Swiss Federal Tax Service (ESTV). Reporting Obligation On February …
Finance Monkey is a Finance-Managing company. Finance Monkey deals in a wide array of services. This includes providing you with a basic book-keeper to a Finance Manager who will help manage each and every penny that flows in or out of your business.
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