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Post VAT year 2018
Many organizations have faced issues since the introduction of VAT in January 2018. As many companies don’t pay attention to changing laws and regulations, they face complications regarding VAT Return fillings, form presentation, how software capture and interpret data etc. These often don’t comply with FTA’s guidelines and regulations. The FTA has stated guidelines for
- Published in VAT
Public Transportation Clarification by FTA
A public statement was made by FTA to clarify on the treatment of public transportation under the UAE VAT Law, and identify what all vehicles are qualified to be treated as zero-rated under the law. According to the Clause (4) under Article (45) of the Federal Decree-Law No. 8 of 2017 on Value Added Tax
- Published in Uncategorized
Perform Pre-audit health check & assess VAT Penalty
Perform Pre-audit health check & assess VAT Penalty The FTA has been informing companies that they will be audited five working days after the date of the email sent to them for the year Jan 1st to April 30th, 2018, and May 1st to July 31st, 2018 tax periods. Businesses must get ready and ensure
- Published in VAT
50% REDUCTION ON COMMERCIAL FINES IN DUBAI
50% REDUCTION ON COMMERCIAL FINES IN DUBAI The Commercial Compliance & Consumer Protection (CCCP) sector at the Department of Economic Development (DED) has declared a cutback in commercial fines by 50%. Although, only the first fine issued in a calendar year can conform to this. It is now needless for traders to request for
- Published in VAT
