It is mandatory for businesses to link their VAT number or TRN with Dubai Customs that are indulged in import and export goods. (TRN stands for Tax Registration Number). VAT has been implemented in UAE since 1st Jan. In this article, we will discuss the documentation required and steps to link your VAT number or TRN with […]
Medications and Medical Equipment Subject To Tax At Zero Rate – UAE VAT
FTA has published Cabinet Decision No. 56 on Medications and Medical Equipment Subject To Tax At Zero Rate. This decision describes that under what conditions Medications and Medical Equipment will be subject to tax at zero rates. To download the pdf copy of the decision on Medications and Medical Equipments from the FTA server click below: […]
List Of 20 Designated Zones In UAE Published By FTA
FTA has published the list of the designated zone in UAE vide Cabinet Decision No. 59 on Designated Zones. According to Article (2) of Cabinet Decision No. 59 on Designated Zone: “The Cabinet has the authority to amend the list of Designated Zones annexed to this Decision, by addition, deletion or amendment.” To download the pdf […]
Step-By-Step Guide To Obtain UAE VAT Tax Registration Certificate
Cabinet Decision No. (39) of 2017 on fees for services provided by the Federal Tax Authority (FTA) provides the amount to be collected as fees for issuing Tax Registration Certificate. See image below for reference: To download the PDF copy Cabinet Decision from the FTA website click on the link below: Cabinet Decision No. (39) of […]
Bad Debts Output VAT Adjustments Under UAE VAT Law
A registered supplier is eligible to claim the bad debts Output VAT adjustments according to the Article (64) of UAE VAT Law. These bad debt Output VAT adjustments are subject to specific conditions. Let us discuss the adjustments of Bad Debts in detail. What are Bad Debts? Before we proceed to understand the Article (64) regarding […]