The federal tax authority of the United Arab Emirates (UAE) issued a clarification (VATP025) concerning value added tax (VAT) and the temporary zero-rating of VAT for certain medical equipment, which…
UAE FTA has amended rule to VAT Refund Application on Newly Built Residence. UAE government has amended the UAE VAT Executive Regulation second time by issuing Cabinet Decision No. 24…
How to Calculate UAE VAT Penalty? Acute Consultants have developed a Microsoft Excel template to calculate UAE VAT Administrative penalties as per Cabinet Resolution No. (40) of 2017 on Administrative…
Business conditions are changing and outsourcing is on the rise. Today’s business owners are facing greater expectations when it comes to financial transparency and government compliance. All too often, businesses…
Accounts and bookkeeping records maintained by taxable persons should be retained for a period of 5 years after the end of the tax period to which they relate. However, this…
Disclaimer: This article expresses the opinion of author, readers are free to express their differences and are advised to exercise their discretion. UAE marks one successful VAT year. A total of…
What is Outsourcing? Outsourcing is the business practice of hiring a party outside a company to perform services and create goods that traditionally were performed in-house by the company's own employees…