VAT Treatments UAE

Illustration explains type transactions that can occur in UAE. Our article explains the VAT treatments to be adopted while implementing VAT for your organization based in UAE. Following information gives the basic overview on how VAT should be handled for mainland and freezone company. VAT treatment also varies based on nature […]

VAT for Schools in UAE

From 1 January 2018 UAE will be implementing a VAT for 5% on all goods except for educational institutes which are zero rated As per Article 45 “The supply of educational services and related Goods and Services for nurseries, preschool, elementary education, and higher educational institutions owned or funded by […]

VAT Tax Group

It is very common in UAE that companies form a structure of separate legal entities and hold themselves under the holding company. FTA has provided a special provision for such entities called tax group. Under Tax Group two or more legal entities registers themselves as single entity for tax purposes. […]

VAT for Microsoft Dynamics ERP

Implementation of UAE based VAT for Microsoft Dynamics

Ensuring reliable policies and procedures are in place to record and report the VAT transactions correctly lies with the corporate entity. Corporates are required to maintain the record for 5 years and present them to FTA as and when required. Failure to maintain such records may result in administrative penalties. […]

Compliance for VAT in UAE

Implementing VAT is UAE not only to configure your ERP but also to make sure your team is capable enough to execute the transactions correctly. They are also responsible to compute the correct taxation and to report them in a timely manner. UAE has adopted self assessment method for collection and […]