by Rafaqat Ali Khan | May 4, 2020 | English Topics, Uncategorized
If these both conditions are met then applicant can recover input VAT. Invoice is received and there is intention to make payment within six months after the agreed date of payment. if the applicant has intention to make payment in next period then he has to recover...
by Rafaqat Ali Khan | May 4, 2020 | English Topics, Uncategorized
Following are the two easy steps, 1. The buyer will have to create the e-services account on FTA website The account is created by completing the sign-up process which includes the following steps Create a user name and password Verify your eservices account 2....
by Syed Nasr | May 4, 2020 | English Topics, Uncategorized
VAT treatment on supplies of farm lands and farm buildings can differ by taking into consideration of facts and principles of individual case of supply of farm lands and farm buildings. The supply of farm house which is constructed as a residential building and is...
by Syed Nasr | May 4, 2020 | English Topics, Uncategorized
A transfer of business as a going concern is a type of an asset sale which involves a transfer of title in the assets from one person to another person. For VAT purposes, it is important to distinguish between a normal sale of assets and a sale of assets as part of...
by Rafaqat Ali Khan | May 3, 2020 | English Topics, Uncategorized
The standard Tax Period is of three calendar months ending on the date that the FTA decided. The FTA may, at its discretion, may assign a different Tax Period other than the standard one, to a certain group of Taxable Persons. A Tax Return must be filed to the FTA no...
by Noorjahan S. Yargatti | May 3, 2020 | English Topics, Uncategorized
A designated zone is an area where the customs will control the entry and exit of individuals and movement of goods. The designated zones are handled outside the state of the UAE, meaning that VAT is not imposed. Because it is considered as outside the country, not...
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