Introduction to Excise Tax Law The Excise Tax Law, outlined in Federal Decree-Law No. 7 of 2017, represents a significant fiscal policy initiative in the United Arab Emirates aimed at managing the consumption of specific goods deemed harmful to both public health and the environment. This law applies to various products, including tobacco, carbonated drinks, … Read more
Understanding Corporate Tax Registration Corporate tax registration serves as a fundamental requirement for businesses operating within a legal framework. This process involves formally registering a corporation with relevant tax authorities to ensure compliance with local and national tax laws. The significance of corporate tax registration cannot be overstated, as it directly impacts a company’s ability … Read more
Introduction to VAT and FTA Value Added Tax (VAT) is a consumption tax levied on the value added to goods and services at each stage of the supply chain. Within the context of the United Arab Emirates (UAE), VAT was introduced on January 1, 2018, as part of the government’s efforts to diversify the economy … Read more
Introduction to FTA VAT Registration Value Added Tax (VAT) has emerged as a significant aspect of tax policy within the United Arab Emirates (UAE), influencing various sectors and prompting businesses to adapt to a new regulatory landscape. VAT is a consumption tax levied on the value added to goods and services at each stage of … Read more
Introduction to VAT Penalties in the UAE The implementation of Value Added Tax (VAT) in the United Arab Emirates (UAE) marks a significant milestone in the country’s fiscal policy evolution. Introduced on January 1, 2018, VAT serves as a vital tool for diversifying revenue sources away from oil dependency. The Federal Tax Authority (FTA) spearheads … Read more
Introduction to VAT in the UAE Value Added Tax (VAT) is a significant aspect of the taxation landscape in the United Arab Emirates (UAE), having been officially implemented on January 1, 2018. The introduction of VAT marked a strategic shift in the UAE’s fiscal policy, aiming to diversify the economy and reduce its reliance on … Read more
Introduction to VAT in the UAE The introduction of Value Added Tax (VAT) in the United Arab Emirates (UAE) marked a significant moment in the evolution of the country’s federal taxation framework. Effective from January 1, 2018, VAT was introduced as a means for the UAE government to diversify its revenue sources, moving away from … Read more
Introduction to VAT in the UAE The Value Added Tax (VAT) system was introduced in the United Arab Emirates on January 1, 2018, marking a significant shift in the fiscal landscape of the country. The implementation of VAT was a part of a broader initiative aimed at diversifying the economy and reducing dependency on oil … Read more
Introduction to Federal Law No. 7 of 2017 Federal Law No. 7 of 2017, commonly referred to as the Tax Procedures Law, marks a significant milestone in the evolution of tax regulation within the United Arab Emirates (UAE). Enacted on 27th September 2017, this legislation aims to streamline tax administration, enhance compliance, and facilitate enforcement … Read more
Introduction to Federal Law No. 7 of 2017 Federal Law No. 7 of 2017, commonly referred to as the Tax Procedures Law, plays a pivotal role in the tax structure of the United Arab Emirates (UAE). This law was introduced to create a comprehensive framework for tax procedures in the UAE, ensuring that individuals and … Read more