If the credit balance arises due to an FTA decision, the taxpayer has one year to apply for a refund. In any other case, the application must be submitted within 90 days. Where a refund application is ...
New Cabinet decision shifts VAT accounting to buyers in a move aimed at curbing fraud and strengthening tax compliance in the metal-scrap sector ...
The UAE Ministry of Finance has amended some provisions of its tax laws, which will be effective from January 1, 2026.
The UAE has introduced amendments to its corporate tax, VAT, and Commercial Companies Law to improve regulatory clarity and business efficiency. The changes outline how corporate tax credits and ...
The UAE has exempted cryptocurrency transfers and conversions from value-added tax, positioning itself as a more crypto-friendly jurisdiction for digital asset transactions. Amendments to value-added ...
The UAE tax system has reached a new phase of maturity, with the Federal Tax Authority (FTA) reporting one of the highest corporate tax compliance rates globally and a rapid rise in registration ...
ITA Business Consultants has launched an updated VAT services resource center to support businesses navigating UAE compliance ...
Reverse charge mechanism aims to reduce tax fraud and improve efficiency in scrap trade Under the current system, scrap metal suppliers charge VAT to their customers and remit it to the Federal Tax ...
Gulf Business on MSNOpinion
Beyond compliance: How e-invoicing can power the UAE’s next phase of growth
The case for e-invoicing can be framed around three board-level concerns: cash flow, cost and control, and data, sayd Dua ...
UAE has banned single-use plastic across the Emirate from January 1, including beverage cups and lids, plastic cutlery, ...
DUBAI (Reuters) - The United Arab Emirates (UAE) is not currently planning to raise its value-added tax (VAT) rate of 5%, the finance ministry said on Monday after Saudi Arabia announced it was ...
The United Arab Emirates has exempted crypto transactions from paying value-added tax (VAT), bringing the industry into line with several traditional financial services. The change, which takes effect ...
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