Indirect Tax Alert: Reverse Charge on Precious Metals and Stones
Based on Federal Tax Authority (FTA) Public Clarification VATP043 In February 2025, the UAE Federal Tax Authority (FTA) issued Public
UAE Corporate Tax – Penalty Waiver for Late Registration
Announced by Federal Tax Authority (FTA) on May 3, 2025 FTA has introduced waiver of the AED 10,000 late registration
Indirect Tax Alert: Barter Transactions in the UAE
Indirect Tax Alert: Public Clarification on VAT Treatment of Barter Transactions in the UAE The Federal Tax Authority (FTA) recently
UAE Pillar 2 Rules Announced – Top-up Tax on MNEs
UAE Pillar 2 Rules Announced - Introduction of Top-up Tax on MNEs, effective January 2025 On 6th February 2025, the
UAE Crypto Mining – VAT Implications
On 14th January 2025, the Federal Tax Authority (FTA) has issued a public clarification, VATP039, providing important updates regarding the
Update on Correcting Errors or Omissions in Tax Returns
On November 1, 2024, a new decision was issued concerning corrections to tax returns, which is effective from 01 Jan
Grace period provided to update information in UAE Tax records
No penalty for failure to update tax records by 31st March 2025 Background Tax registrants are required to update their
Has VAT Filing turned into another Accounting formality?
Can VAT Filing be treated as a routine period close formality, or proper disciplines need to be exercised while doing the periodic VAT return filings? Find out here.
Corporate Tax Registration Timelines Specified – Due dates starting from 31 May 2024
Background All Taxable Persons are required to register for Corporate Tax with the Federal Tax Authority (“the FTA”). There is
Introduction of Reverse Charge Mechanism on Supply of Electronic Devices
The UAE Federal Tax Authority has introduced application of Reverse Charge Mechanism on Supply of Electronic Devices meant for the purpose of resell or for further production / manufacturing.