Certain key measures to be ensured by the management of the company when doing business under VAT in UAE. Important amongst them are – Proper documentation and maintenance of records Inventory control System readiness Tax points Timely filing of VAT return and payments Documentation and Record Maintenance It is highly essential for the management…
How to do the online VAT registration in the UAE? And What is the Online Portal/website for VAT registration? You can access the Federal Tax Authority’s online portal https://eservices.tax.gov.ae/en-us/ and start the registration process. Below we explained the entire process to do the registration in online. How to create an account in the UAE VAT…
What is Value added TAX and How is it calculated? Value Added Tax is a type of general consumption tax that is collected incrementally, at each stage of production or distribution. It is also known as the consumer tax. VAT is a new concept for the region which shall be implemented across the Emirates from 1st…
Yes. Free Zone companies also should register for VAT in the UAE. DMCC Authority (a free trade zone in Dubai) urged companies incorporated under DMCC to get registered under VAT before the due date to avoid penalty. The Federal Tax authority has not released the executive regulation of the VAT law yet. Hence the companies…
