by Auditor A | May 29, 2026 | English Topics
The UAE VAT reverse charge on precious metals shifts responsibility for accounting VAT from the supplier to the registered buyer when precious metals and precious stones are supplied between VAT registrants for resale or production. It is set out in Cabinet Decision...
by Auditor A | May 29, 2026 | English Topics
The UAE tourist VAT refund scheme lets eligible overseas visitors reclaim the 5% VAT paid on qualifying goods they buy and export as personal luggage. It operates under Cabinet Decision No. 41 of 2018, with a maximum cash refund of AED 7,000 per tourist every 24 hours...
by Auditor A | May 29, 2026 | English Topics
A UAE VAT designated zone is a specified fenced area that, when it meets strict conditions, is treated as outside the State for VAT on certain supplies of goods. Designated zones are listed under Cabinet Decision No. 59 of 2017, while their VAT treatment is governed...
by Auditor A | May 29, 2026 | English Topics
UAE Corporate Tax taxable income is determined by taking the accounting net profit or loss reported in financial statements prepared under IFRS, then applying the adjustments required by Federal Decree-Law No. 47 of 2022. Corporate Tax is charged at 0% on taxable...
by Auditor A | May 29, 2026 | English Topics
UAE Corporate Tax exempt income is income excluded from the taxable base under Federal Decree-Law No. 47 of 2022 — chiefly domestic dividends, qualifying dividends and gains under the Participation Exemption, and income of a Foreign Permanent Establishment where...
by Auditor A | May 29, 2026 | English Topics
The UAE Corporate Tax interest deduction limitation restricts a business’s deductible Net Interest Expenditure to the greater of 30% of adjusted EBITDA or a de minimis of AED 12 million per Tax Period, under Federal Decree-Law No. 47 of 2022. Disallowed interest...
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