UAE VAT Return Format

UAE VAT Return Format

In one of the documents published by FTA recently the return format applicable for UAE region is explained. To access the return format, click the link below

UAE VAT Return Format 

Use this format for informative purposes only at this point. We're not sure at this point if this is the final official return format hence discretion is advised from readers and wait for official communication from Authorities anytime.

ERP VAT Questionnaire

ERP VAT Questionnaire

ERP VAT Questionnaire
The value-added tax called "VAT" is a reality in GCC. KSA and UAE gearing up to welcome the new year 2018 with the VAT for businesses. December is a month of final countdown for businesses to be prepared with VAT. As part of the preparation for VAT in these countries, updating their current ERP systems with the Taxation is crucial for businesses.

UAE Free VAT Calculator Released

UAE Free VAT Calculator Released

Free VAT Calculator Released
We've published a Free VAT calculator applicable to UAE and KSA available online on our site nventeq for quickly checking the net vat payable or refundable.

The free VAT calculator can be accessed through this link UAE Free VAT Calculator

In this VAT calculator, the basic calculation can be made for ascertaining net vat from total output tax and input tax deductible.

KSA VAT Return Format Released

KSA VAT Return Format Released

Saudi Arabia VAT Return format is released. We expect to have UAE Return which is yet to be released in public domain to be more or less in line with KSA format.  
 
We recommend our clients to proactively prepare their ERP systems for VAT Prior to December End designing with the same Return format, changes if any can be accommodated as and when the final return for UAE is released.

Place of Supply for UAE VAT Purposes

Place of Supply for UAE VAT Purposes

What is the place of supply?

The place of supply is where a transaction is considered to have occurred for VAT purposes. Place of supply is determined differently for goods and for services.
For the supply of goods, the place of supply is the location of the goods when the supply occurs.

All you need to know about VAT in UAE

All you need to know about VAT in UAE

Value Added Tax (VAT) is coming into effect from January 1st, 2018 in UAE and other GCC countries. Value Added Tax (or VAT) is an indirect tax. It is also referred to as a type of general consumption tax.
In a country which has a VAT, it is imposed on most supplies of goods and services that are bought and sold.