Most companies that invite the VAT are entitled to apply for a refund. The procedures include:• A Value Added Tax recovery claim has to be filed with the federal tax authority.• While applying for Value Added Tax recovery original...
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You may be interested to know the various Value Added Tax recovery expenses for your tax planning. The thought of Value Added Tax payments itself pulldown the head. If you often get confused about the Value Added Tax treatment...
• Sales trainingEvery company’s cash flow and income strongly depend on the sales made by it. A company that is capable to meet its sales target on time can face any unanticipated circumstances as well as it can survive...
Tax preparation and filing services Most of the firms consider the process of tax filing and preparation as a time-consuming and complex process. These firms, lookout for tax consultants to acquire professionalized services who can perform the activity with...
• Technology consultation and implementationThe pandemic situation has increased the demand for technology consultation and implementation services such as machine learning, video surveillance system etc. which is a perfect business opportunity. As the work from home is still on...
Being one of the leading business hubs in the world UAE provides massive opportunities to new business start-ups. By promoting business activities, the authorities always ensure stable economic development. This article contains 7 such marvelous business ideas which you...
Tax rate by default is 5% unless the taxable supply is specifically zero-rated in UAE VAT law.Scenario 3: Supply of goods from UAE to outside UAE (Export)Given below are few instances to understand the impact of above-discussed factors in...
The Federal Tax Authority (FTA) has called on tax registrants to benefit from the Cabinet Decision to extend the grace period to benefit from the re-determination of administrative penalties on violating tax laws until 31st December 2022, which would...
These can be summarized based on the nature of supply whether it is a supply of service or is a supply of goods.Situation 1: Supply of serviceGiven below are few instances to understand the impact of above-discussed factors in...
E-commerce refers to any transaction that involves the supply of goods or services through digital media such as internet websites, mobile applications or any other electronic network. • Supply of Goods or ServicesFor VAT to be applicable to any...