Category: VAT update

Bad Debt Relief Adjustment : VAT registered supplier supplies goods or services to its customers but is not paid (wholly or partially) within a specified period, such supplier may …

Transferring wrongly paid amounts : A letter of no objection signed by the authorised signatory who received the amount paid by mistake, on the company letterhead, with the following …

Automotive sector VAT : The Federal Tax Authority has published an update applicable to business in the automotive sector such as New car dealers, Used car dealers and Servicing …

VAT Refund for Business Visitors : A foreign business may be entitled to enjoy VAT Refunds of tax paid in certain instances. Process of claiming back the VAT paid …

Zero-rating of export of services. UAE publishes VAT Public Clarification on zero-rating of export of services. FTA latest update 27 July 2020

UAE extends deadline for VAT filings to May 28. Move in light of difficulties faced by businesses to file by earlier March 31. The traditional filing date for the …

The kiosks will reduce the processing and waiting time for tourists claiming back VAT in UAE Tourists Can Claim VAT Refunds Through Self-Service Kiosks : kiosks have been launched …

ime frame for recovering input tax : Receiving tax invoice only is not sufficient to claim the input tax, whereas an intention to make the payment of consideration of …