Want a VAT refund? Read this:

Want a VAT refund? Read this: Who can claim VAT refund As per the federal tax authority it is required that every taxable person must file a VAT return which summarizes the VAT due for the tax period. In cases where the input tax is greater than the output tax on a VAT return, then […]

Read more
What are the penalties related to VAT?

What are the penalties related to VAT? Are you worried about the penalties related to VAT for errors such as late filing of returns and  incorrect collection of taxes from your customers? Such worries are quite natural and the authorities are making all efforts to ease your difficulties in adjusting to the new system. If […]

Read more
Have a single VAT registration by forming a “TAX GROUP”

 Have a single VAT registration by forming a “TAX GROUP” The government of UAE has given provision for businesses to register under a single tax group if each members are related to the other to a sufficient extent. This tax group will be treated as a single taxable person by the FTA. In order to […]

Read more
Are you aware of Reverse Charge Mechanism in UAE VAT?

Are you aware of Reverse Charge Mechanism in UAE VAT? If you import goods or services from outside the GCC countries Reverse Charge Mechanism is applicable in UAE. As a a registered supplier making a taxable supply, you need to charge VAT and pay the same to the government. But, in the case of Reverse […]

Read more
Are you giving VAT exemptions? Be careful, it may pinch your pocket

Are you giving VAT exemptions? Be careful, it may pinch your pocket All registered businesses were reminded to collect VAT on their taxable transactions by FTA. The regulator, said this, while issuing a warning against concessions allowed to individuals or organizations that do not fall under any of the exempted categories specified in the UAE […]

Read more
VAT filing: accuracy a big concern

VAT Filing: Accuracy a Big Concern Around 50% of the UAE SMEs faced challenges in VAT filing. As the deadline just passed for April filing, it emerges that most of them were not sure about the return filing procedures and importance of accuracy while filing the return. This happened as most of them were filing […]

Read more
VAT – IMPACT ASSESSMENT

VAT – IMPACT ASSESSMENT VAT – IMPACT ASSESSMENT: VAT is to be implemented in the UAE from 1 st January, 2018. The deadlines for the VAT Registration has already been passed and most of the businesses have registered themselves with the Federal Tax Authority and obtained their Tax Registration Number. The next step after obtaining […]

Read more
FILING VAT RETURNS

Filing VAT Returns FILING VAT RETURNS: ARC Associates, Auditors and Consultants in UAE will help the businesses in filing the tax returns to the Federal Tax Authority. Filing of the VAT Returns is going to be an important process after the implementation of the Value Added Tax. The TAX RETURNS would be filed on a quarterly […]

Read more
Document required for VAT Registration in UAE

Document required for VAT Registration in UAE Document required for VAT Registration in UAE: – VAT will come into force from 1st January 2018 in UAE. In this crucial situation all the businesses registering for VAT should be aware of the documents required for VAT registration in UAE.  The list of documents required for VAT […]

Read more
EXCISE DUTY STOCK AUDITORS IN DUBAI

EXCISE DUTY STOCK AUDITORS IN DUBAI EXCISE DUTY STOCK AUDITORS IN DUBAI : As per the Federal Decree Law No. (7) Of 2017, excise tax law will come into implementation from the 1st October, 2017. As we are stepping forward in the month of October, the authorities have confirmed that Excise Tax will be into full-fledged […]

Read more