A new UAE rule on the application ... for calculating and declaring the VAT on their purchases of these goods and reporting it in their VAT return. This means buyers will now pay the tax directly ...

Tourists visiting the UAE have a reason for joy as the government ... check and continuously settle tax payments and submit VAT returns to be eligible for the refunds. "If they'll stop paying ...

Either would be useful. If I may make one suggestion, there was a time when you could amend a submitted VAT return up until the final date of filing. This helpfully allowed for any errors to be ...

UAE: The UAE’s Ministry of Finance (MoF) recently announced a new VAT law for the country’s precious metals sector, where businesses supplying such goods will no longer need to charge or collect VAT.

The UAE Ministry of Finance has issued Cabinet Decision No. (127) of 2024, which extends the reverse charge mechanism for Value Added Tax (VAT) to encompass precious metals and stones transactions ...

Dubai was the largest beneficiary ... on account of delay in payment of taxes, filing voluntary disclosures, delay in registrations/filing returns, etc. One may need to see the impact on the ...