Resources Mena

Mandatory VAT De-registration A taxable person in the UAE is mandatorily required to De-register from VAT in the following circumstances Case 1- If a taxable person is still making taxable supplies but the value in the preceding 12 calendar months is less than the Voluntary Registration Threshold, which is currently AED 187,500

VAT Guide for Designated Zone

Certain free zones have been specified as designated zones for VAT purposes.

While special rules apply to supplies made in the designated zones, the businesses established in such zones may still need to register for VAT provided the criteria for registration is met.

www.tax.gov.ae

Getting Ready for VAT

It is important to understand any potential obligations you or your business may have under the UAE VAT legislation.

The FTA is committed to provide extensive support and guidance to assist with this. However, the responsibility lies with the business to make sure that any required compliance obligations are fulfilled.

www.tax.gov.ae

Registration For VAT

Any business which exceeds mandatory or voluntary registration thresholds may be required or may be able to register for VAT.

www.tax.gov.ae

Guide, Reference, Public Clarification for VAT.

The Federal Tax Authority provides you with a set of guides, clarifications and references that will help you understand your tax obligations.

www.tax.gov.ae

What is VAT?

Value Added Tax is a tax on consumption levied at each stage of the supply chain and ultimately borne by the end consumer.

VAT is a transaction-based indirect tax which is levied at each step of the supply chain. End consumers generally bear the VAT cost while registered businesses collect and account for the tax, in a way acting as a tax collector on behalf of the Federal Tax Authority.

www.tax.gov.ae

The Federal Tax Authority (FTA) to provide Technical Clarifications To Matters Of Uncertainty

This form is available to all persons that would like to ask the Federal Tax Authority (FTA) to provide technical Clarifications to matters of uncertainty they encounter after reviewing the laws, executive regulations and guides/ information applicable and published by the FTA.

www.tax.gov.ae

The Federal Tax Authority is a government entity responsible for administering, collecting and enforcing federal taxes.

www.tax.gov.ae

FTA, Why Have Taxes? Ensuring Exceptional Services And A Diversified Economy

The introduction of taxes in the UAE is part of a GCC-wide initiative to diversify regional economies.

Given the overall reduction in oil prices in recent years, it has been necessary for the GCC member states to explore other revenue raising measures and reduce dependency on hydrocarbons as the key contributor to the public purse.

www.tax.gov.ae

Handle Accounting activities of clients
Assist Finance Director in various tasks
Financial Reporting
Internal Auditing
VAT Computation & VAT Reporting
3 years of Accounting experience