The UAE Federal Tax Authority (FTA) has issued a Public Clarification to help determine the VAT implications on services related to hiring and deployment of employees / manpower within and outside group companies Background: The UAE has many Group Companies structures... Read More
Public Clarification P0037 replaces the previously issued PO031 which also related to the VAT implications on providing directorship by a natural person Legislative Background: With effect from 01 January 2023, VAT Executive Regulations (ER) is amended by Cabinet... Read More
The Public Clarification released by the FTA relates to the bank charges that a financial institution incurs on account of using Society for Worldwide Interbank Financial Telecommunications (SWIFT) communication system. While the public clarification is relevant only... Read More
The Value Added tax (VAT) is applicable in cases of taxable supplies made by the seller to the buyer. The responsibility to charge and discharge VAT to the Authorities generally lies with the seller. However, the UAE VAT Law provided for certain provisions on the... Read More
The Federal Tax Authority has issued Federal Tax Authority Decision No 8 of 2024 on Mechanism for Correction of Error or Omission in the Tax Return submitted to the FTA for VAT. Effective 1 January 2025, the FTA has provided an exhaustive list of cases of errors and... Read More
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