FTA to hold tax clinics to promote compliance

By |August 20th, 2018|0 Comments

The Federal Tax Authority (FTA) has announced a new campaign to communicate directly with businesses. The campaign kicks off on Sunday, August 12, 2018, in Ras Al Khaimah, before moving on to Fujairah and then the rest of the emirates [...]

VAT on Compensation Payments

By |August 20th, 2018|0 Comments

In the normal course of business, sometimes there will be payments in the nature of compensation for any loss, omissions, breach of contracts etc. Whether the payments on such compensation nature are taxable under the UAE VAT or not? Recently [...]

VAT Voluntary Disclosure Form 211

By |July 10th, 2018|0 Comments

The FTA has introduced Form 211 – VAT Voluntary Disclosure Form to enable Taxpayers to voluntarily disclose to the FTA, any errors or omissions above the value of AED 10,000 before the Authority through a Tax audit or Assessment [...]

UAE fines, fees for tax law violations

By |July 2nd, 2018|0 Comments

The penalties range from as low as Dh3,000 and go up to Dh50,000 depending on the offences committed by the entities or individuals. As per the new regulations, if the person fails to keep required records and other information [...]

Dubai launches new freelance work permit

By |July 2nd, 2018|0 Comments

Residents can now obtain a new freelance package for an annual fee of Dh7,500 in media and education sectors with Dubai Media City (DMC) and Dubai Knowledge Park (DKP), officials announced. The package, called Go freelance, was launched by [...]