VAT Registration in the UAE: A Step-by-Step Guide for New Businesses
Introduction Value Added Tax (VAT) was introduced in the UAE on 1 January 2018 at a standard rate of 5%. For many business owners particularly those setting up a business for the first time VAT compliance can feel overwhelming. When do you need to register? What are the penalties for late registration? How does the […]
UAE Ministry of Finance issues decision on Exemption of Tax Registration. Big Relief for Non Resident Person.
Ministerial Decision No. 43 of 2023 has been issued by the Ministry of Finance. This decision concerns Exemption from Tax Registration for the Purposes of Federal Decree-Law No. 47 of 2022 on the Taxation of Corporations and Businesses..
New Cabinet Decisions on Tax Procedures and Penalties: Key Record Keeping Requirements for UAE Businesses
Cabinet Decision No. (74) of 2023 was issued on 28 July 2023 on the Executive Regulation of Federal Decree Law No. (28) of 2022 on Tax Procedures. Cabinet Decision No. (75) of 2023 On the Administrative Penalties for Violations Related to the Application of Federal Decree Law No. (47) of 2022 on the Taxation of Corporations …
