VAT Archives - Page 2 of 3 - Creative Tax & Accounting

28 Jun 22

UAE VAT For Freelancers

The UAE has had VAT for four years, and businesses are settling in well to the VAT regime. Taking into consideration the size and expertise of the businesses, they understand the rules and have been able to adapt to the changes. There are, however, some challenges that freelancers and self-employed…

03 Mar 22

8 Most Common VAT-Related Mistakes Made By Businesses in UAE

VAT was implemented in UAE on January 1, 2018. Since then, businesses are subject to a number of requirements under the VAT Law. Each business enrolled for VAT has an obligation to file VAT returns with the Federal Tax Authority (FTA). However, UAE businesses continue to make VAT-related mistakes and…

15 Feb 22

A welcome relief for UAE businesses: Penalty waivers and penalty installments

A new Cabinet Decree No. 105 of 2021 has been issued related to penalty waivers and penalty installments. The new cabinet decision will become effective on March 1, 2022. In accordance with this law, taxable persons can apply for installment payment or a waiver of administrative penalties in whole or…

31 Jan 22

3 things to consider when starting a business in UAE: Tax, Accounting & Compliance

Are you planning to start a business in the UAE? Have you already successfully launched your company? There are entrepreneurs and business owners who want to turn the risks of time, money, and effort into a vision of building a business that brings solutions for the future. But often, these…

28 Dec 21

Reverse Charge Mechanism In UAE: How Does It Work?

The UAE VAT Law states that the person making taxable supplies, i.e. the supplier, is responsible for levying, collecting and paying tax to the government. A registered supplier must charge VAT whenever he makes a taxable supply and pay VAT to the UAE government. The forward charge mechanism refers to…

08 Nov 21

Expert’s view: Everything You Need To Know About The Types of VAT in UAE

About the Author Mohamed Al Sayed is a Tax Agent with more than eight years of experience within the tax & accounting industry. Accredited by the United Arab Emirates Federal Tax Authority (FTA), Mohamed has successfully demonstrated his ability to resolve complex tax problematics for companies coming from various…

12 Sep 21

8 Reasons Why you need Bookkeeping and Accounting Services for your business

The bookkeeping function is a crucial aspect of your business’s financial management. Despite this, some business owners prefer to take care of their accounts on their own. They not only lose valuable time, but they also increase the possibility of compliance issues that might ultimately cost their business. The responsibilities…

02 Jun 21

Do you Have to Pay Taxes in the UAE?

The United Arab Emirates is one of the leading financial hubs and a preferred destination for many businesses, supported by highly developed infrastructure and world-class amenities. One of the country’s main attractions is undoubtedly the absence of corporate taxes. The Federal Tax Authority (FTA) is responsible for issuing and implementing…

03 Feb 21

Cutting Costs, Minimising Mistakes: Outsourcing Your Bookkeeping and VAT Process

Minimising costs, time and mistakes Trying to do everything alone is risky, especially if you are not aware of the country’s compliance requirements, and it’s also really time consuming, so it may take your attention from other key areas of business growth. Ideally, you probably want to hire a full…

05 Nov 19

First year of VAT in the UAE 5 tips to safeguard your business from penalties

The introduction of Value-Added Tax (VAT) in the UAE is part of the government’s strategy to diversify its revenue source, secure its national fund for the improvement of public services, and to reduce its dependence on oil. The Federal Tax Authority (FTA) released a statement confirming that the number of…

VAT

UAE VAT For Freelancers

8 Most Common VAT-Related Mistakes Made By Businesses in UAE

A welcome relief for UAE businesses: Penalty waivers and penalty installments

3 things to consider when starting a business in UAE: Tax, Accounting & Compliance

Reverse Charge Mechanism In UAE: How Does It Work?

Expert’s view: Everything You Need To Know About The Types of VAT in UAE

8 Reasons Why you need Bookkeeping and Accounting Services for your business

Do you Have to Pay Taxes in the UAE?

Cutting Costs, Minimising Mistakes: Outsourcing Your Bookkeeping and VAT Process

First year of VAT in the UAE 5 tips to safeguard your business from penalties

E-Invoicing in the UAE

Maximizing Deductions and Avoiding Penalties – UAE CT

How Corporate Tax Affects Accounting Practices in the UAE

Quick links

Address:

Follow Us:

ACCA Approved Employer

We accept online payments