by gtag7 | Nov 15, 2020 | News, Tax
Attention all South African Expats Tax changes that impact on each and every one of you are due to come into force on 1 March 2020. These changes will have a significant impact on South African expats globally, but the largest effect will be on those expats...
by David Daly | Nov 5, 2020 | News, Tax
Saudi Arabia have announced that VAT will rise from 5% to 15% from 1st July 2020. Reacting to the Saudi announcement, H.E. Younis Haji Al Khouri, under-secretary in the Finance Ministry, is quoted as saying that the UAE has no plans to raise the rate of VAT. A reading...
by David Daly | Apr 21, 2020 | News, Tax
Good news on VAT! An hour ago, the Federal Tax Authority [FTA] announced that those reporting VAT for the month or quarter ending March 2020, will have until May 28th 2020 to settle that amount. Gulf Tax Accounting Group The authoritative advisor to UAE businesses on...
by Peter Whatley | Mar 29, 2020 | BlogPost, Tax
As the social and economic effects of the COVID-19 pandemic impact our businesses, both positive and negative, what is abundantly clear is that it’s no longer business as usual. Governments across the GCC have announced various stimulus packages to minimise the...
by gtag7 | Jan 29, 2019 | BlogPost, News, Tax
Our latest VAT briefing covers the published Federal Tax Authority (FTA) Public Clarification on Tax Invoice requirements, Medical Insurance and Non-Recoverable Input Tax – entertainment services. At Gulf Tax Accounting Group, we recognise that some of these...
by gtag7 | Jan 29, 2019 | BlogPost, Tax
If you are a VAT-registered business, you can expect a VAT inspection at some point in time, by officers from the UAE’s Federal Tax Authority (FTA). Do not panic. VAT inspections are routine checks conducted by the tax authority to review your VAT records and ensure...
