VATand Taxes News

Understanding VAT de-registration, an obligation or an option?

Failure to apply for de-registration within 20 business days attracts a penalty of Dh10,000

Services provided by artists, influencers subject to VAT

Announcement shared in the latest Basic Tax Information Bulletin.

Dubai Customs handles Dh4.6b worth of refunds in 9 months

Dubai Customs’ new smart refund system substantially reduces time required to refund duty deposits

Fighting coronavirus: Zero-rated VAT for face masks, sanitisers in UAE

A resolution stipulating this was adopted by the UAE Cabinet on Tuesday

Coronavirus: UAE delays ban on water pipe tobacco, e-cigarettes without digital tax stamps to 2021

FTA said the extension was to address the challenges posed by the current conditions.

Combating coronavirus: UAE businesses seek VAT waiver for a year to stimulate demand

VAT relief will stimulate demand for consumer goods in the country.

UAE, Bahrain unlikely to follow Saudi in hiking VAT: Experts

In a surprise move on Monday, Saudi Arabia increased VAT threefold to 15 per cent and also suspended the cost of living allowance to increase revenues.

UAE rules out any change in VAT rate after Saudi hikes it to 15%

In a surprise move on Monday, Saudi Arabia increased VAT threefold to 15 per cent.

Deadline for submitting VAT returns extended in UAE

This enables taxable persons to meet their tax obligations without facing any difficulties.

UAE to ban waterpipe tobacco, e-cigarettes without digital tax stamp from March

Launching phase two of the 'Marking Tobacco and Tobacco Products Scheme'.