Tax Implications on VAT Free Sale Promotions UAE
VAT Free Sale Promotions in UAE Retailers often create new sales promotions in a competitive market. They announce “VAT free sales” or say “VAT on us” to attract customers. Sellers want to get more buyers with these offers. It is the seller’s duty to follow VAT laws and charge the correct tax on every sale. […]
Zero Rated & Standard Rate VAT UAE Healthcare Guide
Understanding VAT in Healthcare Industry Healthcare in the UAE is important for everyone. VAT services in this industry include many types of transactions. These transactions have different tax treatments based on the kind of service and people involved in it. People can’t say that all healthcare services are zero rated. You must review every service […]
Changing VAT Return Filing Period in UAE: Process Guide
Why VAT Return Filing Period Matters for UAE Businesses Every VAT-registered company in the UAE must file VAT returns with the Federal Tax Authority (FTA). The FTA gives each taxable person a specific VAT return filing period. Some companies file returns monthly, and others do it quarterly. The period you use affects your work and […]
Voluntary VAT Disclosure in UAE: Benefits for Tax Filings
What Is Voluntary VAT Disclosure? Every business must file VAT returns on time. Sometimes, a business finds an error or an omission in a VAT return after submitting it to the Federal Tax Authority (FTA). UAE VAT law gives every VAT-registered business the right to fix mistakes using voluntary VAT disclosure. Voluntary VAT disclosure lets […]
What Is Deemed Supply in UAE VAT? Full Guide
Understanding Deemed Supply in UAE VAT Businesses in the UAE often give gifts, samples, or free services to promote their products. Every supplier should know what is a deemed supply in UAE VAT. The law says suppliers must include some free items or services as deemed supplies in their VAT records. Deemed supply rules make […]
Robotic Process Automation in UAE: Complete Guide
What is Robotic Process Automation (RPA)? Robotic Process Automation, known as RPA, helps businesses use software robots to do tasks people once did by hand. RPA lets a business set up its IT systems in a way that robots or special software handle routine activities. Many companies in the UAE use RPA to make business […]
VAT Deregistration in UAE: Implications & Steps Guide
What Does VAT Deregistration in UAE Mean? Every business that registers for VAT in the UAE receives a special TRN (Tax Registration Number) from the Federal Tax Authority (FTA). When a business cancels or deactivates this VAT identity, we call the process VAT deregistration. VAT deregistration can happen when a business chooses it voluntarily, or […]
UAE VAT for Artists and Influencers: Complete Guide
Understanding VAT for Artists and Influencers Social media keeps getting new users every day. Artists and influencers reach big audiences through social media and other online platforms. Many brands now want to use these professionals for promotions and campaigns. The UAE Federal Tax Authority (FTA) gave clear rules about VAT for artists and influencers. You […]
Cost Audit: Key Things You Should Know
What Does Cost Audit Mean? Cost audit means a company checks all cost records, statements, and data for accuracy. The company wants to know if cost accounting follows the correct rules. When a company does a cost audit, it checks every cost report to stop any mistake, fraud, or bad activity in cost accounting. Firms […]
How to Identify Reclaimable VAT Expenses in UAE
Understanding Reclaimable VAT Expenses Every business in the UAE must manage its VAT expenses with care. You must know which VAT expenses are reclaimable. This knowledge helps a business control its cash flow and working capital. A business can use proper VAT routines for a smooth process. You should always put strong internal controls in […]
