Apprise your customers of VAT inclusion
Make sure to communicate to your customers that VAT is chargeable or else you will not be able to recover VAT VAT is coming into effect on January 1, 2018, with VAT registration being on full speed, the VAT is a charge borne by the final customer, the general rule of VAT law is that […]
Effect of VAT in existing construction contracts of UAE
The construction companies are now faced with the dilemma of VAT registration and VAT impact in these pre-existing construction contracts as they time of implementing the VAT is drawing near. The GCC council have fixed the implementation of VAT as of January 1, 2018. The VAT law contains standard rules that accommodate this type of […]
Think you do not need VAT Registration for your business? Think Again
If you have a business in UAE, then don’t be lax in the area of VAT registration as the Value Added Tax may have an indirect impact on your business. VAT experts speaking at the VAT Clinic event at the Khaleej Times office were of the opinion that Business would have to register for VAT sooner or later.
Introduction of VAT in UAE
Introduction The GCC nations have announced introduction of VAT from the next year and preparation for the same is in full swing. Kingdom of Saudi Arabia already published the treaty in their official gazette earlier this month and is all set to introduce it with effect from 1 January, 2018. The view of rulers of […]