The UAE Ministry of Finance announced amendments to some provisions of the VAT will come into effect from 01st Jan 2023 (reference: Federal Decree-Law No. 8 of 2017 – Issued 23 Aug 2017 (Effective from 1 Jan 2018) Federal Decree-Law No. 18 of 2022. FTA Major Amendments “SINGIRI & CO. Provides VAT Registration, Refund, Accounting …
UAE VAT, FTA Amended VAT Law Will Come Into Effect From 1st January 2023 Read More »
UAE Joined the inclusive framework on the BEPS (Base Erosion and Profit Shifting) program to become 116th jurisdiction to join this framework UAE committed to implementing the following four BEPS minimum standards: Action 5: Countering Harmful Tax Practices Action 6: Prevention of tax treaty abuse Action 13: Transfer Pricing documentation and country-by-country reporting Action 14: …
Who The Business and Individuals who are registered Under UAE FTA can Deregister UAE Tax Registration Number (TRN). When VAT Deregistration Business ‘or’ Individuals required to Deregister below circumstances: Stops making taxable supplies Does not expect any taxable supply over the next 12 months Preceding 12-month taxable supply less than AED. 187,500/- Time of VAT …
UAE VAT Deregistration Process and Fine for Deregistration Read More »
The UAE Corporate Tax regime will have transfer pricing rules to ensure that the price of a transaction is not influenced by the relationship between the parties involved. In order to achieve this outcome, the UAE will apply the internationally recognized “arm’s length” principle to transactions and arrangements between related parties and with connected persons. …
