Posts by VATBOX
Secure Tourist VAT Refund On Your Purchases In The UAE
Providing the best VAT refund services Abu Dhabi, we would like to inform you all about securing tourist VAT refunds on your purchases in the UAE. The UAE is a customer’s heaven with extravagant outlets, glamorous shopping centers. It offers the best brands worldwide, and travelers can jump on the potential shopping opportunities when they visit the country. Hence,…
Read MoreA VAT Refund Guide For Businesses In UAE
Today, VAT BOX experts are here to help you with all you need to know about VAT Refund services. Tax is an unassuming, unexceptional word that can strike dread into the hearts of numerous who hear it for a valid justification. Assuming you are new to the laws or are not gifted at monetary accounting, it tends to…
Read MoreCommon Mistakes One Must Avoid While Filing For VAT Returns In The UAE!
Common Mistakes One Must Avoid While Filing For VAT Returns In The UAE! VAT Box offers the best VAT Return filing services. Hence, we share some of the common mistakes one makes while filing VAT returns. Since January 1, 2018, when VAT was presented in UAE, organizations have followed different necessities under the VAT Law. Documenting VAT gets back…
Read MoreOne-Stop Destination for Excise Tax Consultancy In UAE!
One-Stop Destination for Excise Tax Consultancy In UAE! Along with VAT refund services RAK, we also provide Excise tax consultancy services. Excise tax is a roundabout assessment compelled by the UAE government to deal, buy, and create explicit labor and products. These items hurt human well-being and the climate. Excise is the inland assessment that is collected to control…
Read MoreVAT Registration with FTA
VAT Registration with FTA Abu Dhabi, November 29, 2017 – The Federal Tax Authority (FTA) has called on natural and legal persons exercising business in the UAE to expedite their registration process for Value Added Tax (VAT) to avoid the risk of missing the January 1, 2018, deadline. Mandatory Turnover for Registration: This applies to businesses whose…
Read MoreTRN De-Registration
TRN De-Registration A registered taxable person is required to comply with the required rules and processes under VAT. Invoices have to be issued in the specified format, returns need to be filed on a timely basis and the tax due needs to be paid by the due date. The VAT Law provides registered taxable persons…
Read MoreInput VAT Recovery
Input VAT Recovery Input tax is the tax paid by a person on purchases or inward supplies. This means that a person can reduce the value of input tax eligible for recovery from the tax payable and only pay the balance amount as tax. A registered business can recover the VAT paid on purchase of…
Read MoreValue Added Tax and Imports
Value Added Tax and Imports Imports are taxable under VAT. When a person registered under VAT in UAE imports goods or services, the importer has to pay VAT on imports on reverse charge basis. This is in addition to customs duty levied on imports. The scenarios of import can be divided as follows: 1. Import…
Read MoreValue Added Tax and Designated Zones
Value Added Tax and Designated Zones Cabinet Decision No. (43) of 2019 on Amending the List of Designated Zones Annexed to the Cabinet Decision No. (59) of 2017 on Designated Zones for the purposes of the Federal Decree-Law No. (8) of 2017 on Value Added Tax (effective 4 July 2019). Designated Zones are: 1. Subject…
Read MoreCOVID-19 Alert!
COVID-19 Alert! The 2019–20 coronavirus pandemic is an ongoing pandemic of coronavirus disease 2019 (COVID-19). The outbreak started in December 2019. The World Health Organization (WHO) declared the outbreak to be a Public Health Emergency of International Concern. Nearly 209 countries with more than 1.5 million confirmed cases recorded so far. The pandemic has led…
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