Common mistakes made by SMEs on VAT filings in UAE
It has been almost two years since the introduction of 5% VAT on goods and services. Since the taxation system has been introduced for the first time in the country, a number of smaller companies have been prone to making mistakes in filing their tax returns, thus attracting fines. Tax experts say poor planning, hiring […]
Facebook announces 5% VAT on ad services in UAE
Facebook announced a tax on one of their services in UAE this week. In a notice issued to users in UAE, the social media giant said that it was implementing value-added tax (VAT) on the sale of ads in UAE: Due to an implementation of a value-added tax (VAT) in the United Arab Emirates, Facebook […]