On 21st April FTA announced an alternative date of 28th May 2020 for the deadline of submitting VAT returns & settling Payable tax for the tax period that ended on 31st March 2020. FTA- Federal Tax Authority has always been committed to supporting the VAT registrants while they are managing the development and challenges amidst …
FTA Extends VAT Filing Deadline In Response of COVID-19 Read More »
VAT has already been introduced in the UAE, and companies are currently working towards making their company VAT compliant. Nevertheless, the chaos around VAT rules and compliance standards continue to exist. This checklist would help you by clarifying all a business needs to do to become VAT compliant. VAT Checklist Here’s a checklist for businesses …
Many multinational companies are having challenges in managing their VAT returns and staying compliant with FTA. Businesses are looking at ways to make things easy for them. Here is where VAT automation plays a big role in the businesses, especially the ones that are medium size and large size. It becomes very vital for one …
10 Things to Consider While Choosing VAT Automation Software Read More »
The onset of technology in our lives has surely changed the way we look at things. Remember the way we used to wait for the newspaper in the morning to get our daily dose of news? As opposed to this online news apps and mobile televisions now bring the news to us as it happens …
Manual vs Digital Record Keeping for VAT Returns Read More »
Federal Tax Authority of UAE was set up in the UAE in the year 2016 and is the government entity responsible for the administration, collection, and enforcement of federal taxes. It was established in 2016 by the President of the UAE, via Federal Decree-Law 13 of 2016. Taxation started in UAE as a part of …
