Some tips for businessmen in UAE regarding VAT. Effective Date 1 st January 2018 Applicable: Applicable on Goods and services Tax rate 5% Mode of compliance Online portal registration started from 17 September 2017 Exempt Industry: Health Care, Passenger transport, Education.

Pay Zero VAT on Goods & Services in UAE The President, His Highness Sheikh Khalifa bin Zayed Al Nahyan, on Sunday issued the Federal Decree-Law No. 8 of 2017 for Value-Added Tax, with one of the lowest rates in the world. Value Added Tax is the most discussed topic in GCC creating many questions. As January , 2018 is approaching very fast businesses (small and large) are interested to know steps, dos & donts, vat planning, implementation and its impact on decision making. In the application/ compliance and better understanding of the VAT law, the following terms, misunderstandings are vital to know. Tax Rate: A standard rate of 5% shall be imposed on any supply or Import pursuant to Article (2) of this Decree-Law on the value of the supply or Import specified in the provisions of this Decree-Law. Value Added Tax is imposed on the import and supply of Goods and Services at each stage of production and distribution, including the Deemed Supply. Howev...

Value Added Tax (VAT) Training in Dubai Course Overview The course examines the rules and regulations of VAT and clearly demonstrates the procedures and controls that should be in place to ensure VAT returns are submitted accurately and on time. This seminar will give you a complete understanding of VAT, covering all the essentials and giving you the confidence to know if you are dealing with VAT correctly. Extra Benefits: A  Seminar Pack  containing the information presented on the day A Certificate of Attendance LEARNING OUTCOMES Upon the successful completion of this course the participants should be able to:   Understand the concept of VAT and its impact on the economy Understand the impact of VAT on the operational and the financial performance of the business Differentiate various types of supplies with reference to VAT Differentiate Input VAT and Output VAT Categorize the supplies for VAT calculation Understand the i...