Assessing a company’s qualification for VAT registration and understanding its corresponding responsibilities is an essential aspect for entities subject to taxation. Navigating this terrain becomes complex, especially in scenarios involving …
The Federal Tax Authority in the UAE defines a residential building for VAT purposes as a residential building or part thereof prepared and designed to be occupied by several individuals, …
It stands as a fact that right from the year 2018, when the VAT was introduced, the business of the real estate of the UAE has not been the same. …
VAT is an indirect tax imposed at every stage of the supply chain and then passed on to the end consumer. However, businesses as well as some individuals, foreign tourists, …
Under UAE VAT law, zero-rated VAT applies to taxable supplies that are subject to VAT at a rate of 0%. In such cases, the supplier does not charge VAT on …
Under UAE VAT Law, VAT on healthcare falls into two categories: zero-rated and standard-rated (5%). Healthcare services are zero-rated, i.e., 0% VAT, but the suppliers can recover input VAT on …
