VAT Accounting in UAE
While accounting and bookkeeping for VAT are similar to traditional processes overall, there’s a couple of unique considerations with VAT accounting in the UAE. Being aware of the special considerations …
How to Reduce VAT Penalties in UAE
VAT penalties imposed on small businesses in the United Arab Emirates (UAE) can be very serious. Consequences are grave, which is why it is best to have the right measures …
Reverse Charge Mechanism Under VAT in UAE
With VAT compliance in UAE, the VAT reverse charge mechanism is oftentimes overlooked. Although it is part of accountability for VAT in UAE, most businesses fail in recognizing it which …
How to Charge VAT in UAE
If you are running a VAT-registered business in UAE and you know exactly the rates that apply to different products and services, then you are ready to begin charging Value …
Input Tax Recovery Timeframe in UAE
The UAE Federal Tax Authority has provided the general public a clarification for UAE VAT regulations, particularly on the timeframe for input tax recovery. Key Points Re: Input Tax Recovery …
Outsource VAT Accounting
Today, a lot of companies in the UAE are operating with lean budgets, due mostly to the impact of the COVID-19 pandemic on the economy. Outsourcing administrative tasks such as …
