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Category: VAT

How to Find a TRN Number of a Company in UAE

A TRN number check of a firm is mainly used to confirm the validity of VAT registration. If you intend to find out whether a business entity has a Tax Registration Number in the UAE, all that you need to do is search for the services of a tax representative in the UAE. A tax agent can help you in finding whether a business entity that you are about to deal with has a TRN number or not. With help from a tax agent, you’ll be in a good position to know whether to commence business with your potential firm or not.

VAT refund facility at self-service kiosks

VAT refund facility at self-service kiosks The Federal Tax Authority (FTA) has organized field tours to the ‘Self-Service Kiosks’ in Dubai International Airport-part of the Value Added Tax (VAT) Refund Scheme for tourists – to ensure The steadiness with the FTA’s strategy to provide services that meet taxpayers’ aspirations, and its commitment to abiding by Cabinet Decision No. (41) of 2018 on Introducing the Tax Refunds for Tourists Schr.

Penalties for violation of TAX

The FTA asserted that the Cabinet Decision would boost the UAE’s global business competitiveness by establishing a tax legislation environment that encourages self-compliance and offers significant support to the national economy. The Decision outlines 16 types of administrative penalties that have either been reduced or had the method of calculation amended. The amendments include administrative violations related to the application of Federal Law No. 7 of 2017 on Tax Procedures, Federal Decree-Law No. 7 of 2017 on Excise Tax, and Federal Decree-Law No. 8 of 2017 on Value Added Tax.

VAT Public Clarification on Mobile Phones

FTA recently Issued VAT Public Clarification on Mobile Phones, Airtime, and Data Packages Made Available to Employees for Business Use:
A business is entitled to recover input tax in respect of Phones, Airtime, and Packages acquired if these costs are incurred to make taxable supplies and the following requirements are met

Latest Amendment of VAT in the Designated Zones

FTA has issued cabinet decision No. 88 of 2021 to update the provisions related to specific Zones stipulated in Article 51 of the executive regulation of Federal Decree-law No. 8 of 2017 on value added tax by inserting additional sub-clauses to clause five and adding a new clause 7 with an effective date of 30 October 2021. These modifications clarify components of products and services within the same specific zone, as well as the movement of items from a designated area to within the state.

What is a Tax Group?

A tax group is a group of companies that are taxed as collectively. Under the U.A.E.’s tax laws, companies can form a group or join an existing group to file the single tax return for all the members of the group.

Recoverable & Apportionment of Input Tax in UAE

Value Added Tax (VAT) is the tax added at every stage of value addition and concerned person is only responsible to pay the VAT on value addition that he will collect from the customer.

Sohaib Basharat

Refund of VAT Paid on Goods & Services in Expo 2020

After the applicant has successfully applied for the reclamation of the refund of the VAT, the Bureau Expo 2020 Dubai performs the initial check on the refund claims received from the Office of the Official Participants in accordance with the forms prepared by the Authority. Where the refund claim is correct, the Bureau Expo 2020 Dubai makes a request to the Authority to refund the amount.

VAT Fines & Penalties in UAE

(FTA) had approved and disclosed the complete and final list of all the administrative VAT Fines and Penalties in UAE that were imposed on businesses for violations of the VAT laws.

Tanvi Fal Dessai

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