• Are you discharging tax on advances ?

    Businesses established and registered under VAT within the UAE may receive advance payments in anticipation of transfer of goods or completion of services.

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  • Are you claiming correct input tax to be recovered for output taxable supplies?

    Any person registered under VAT shall be able to recover value added tax paid on purchases of goods or services on a condition that those purchases are made in the course of conducting business,

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  • Are you discharging tax on deemed supplies, samples, etc ?

    For a transaction to be taxable, it requires to be undertaken in reciprocity for a consideration. However, there are certain activities that are undertaken without consideration that are exclusively enumerated as “supplies”

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  • Are you maintaining your records properly?

    To ensure a well ordered audit and assessment by tax authorities, proper control and management of business operations, avoidance of any litigative hassles, etc., the Executive Regulation emphasizes on the compliance of time-frames,

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  • Are you displaying your prices correctly?

    As a measure to simplify tax issues and procedures for the public, and prevent manipulation of the tax system, the tax authority sternly maintains that all businesses subject to VAT must quote their prices inclusive of the value of taxes.

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  • Are you discharging tax on importation of goods and services?

    As per the UAE tax law, any goods or services imported into the UAE shall, in addition to the custom duty levied, attract Value Added Tax of 5%.

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