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As per the publication of executive regulations for VAT registration in UAE, the mandatory threshold for VAT registration has been fixed at AED 375,000. This rule was released by the Federal Tax Authority (FTA) and Ministry of Finance (MoF) who went on to clarify that...

[vc_row css_animation="" row_type="row" use_row_as_full_screen_section="no" type="full_width" angled_section="no" text_align="left" background_image_as_pattern="without_pattern"][vc_column][vc_column_text] 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...

The VAT FAQs section was updated on the official website on 9th July by the United Arab Emirates (UAE) Ministry of Finance (MOF. It provides simplified explanation to all your VAT questions. The update provides useful written confirmation on a number of points discussed at the...

Introduction The GCC nations have announced the introduction of VAT from the next year and preparation for the same is in full swing. Kingdom of Saudi Arabia (KSA) already published the draft VAT law on the website of General Authority of Zakat and Tax (GAZT). It...

Introduction The treaty for Value Added Tax signed by GCC nations is finally out in the public domain. The much talked about treaty is being published in the official gazette of the Kingdom of Saudi Arabia (KSA). It is one of the crucial steps in implementation...

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...