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…
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…
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.