With VAT still being a fairly new concept in the UAE, the following article delves into the general principles contained within the VAT Laws and goes into detail on what the law says about the Export of Services from the UAE. The general principles contained in the VAT Laws state that the Export of Services…
Abstract The implementation of VAT in the UAE left many registrants under the VAT laws asking questions, especially when it first came into operation. Now, several months down the line there are still some key issues that are not easily deciphered. Luckily, there is an avenue to answer some of these issues where clarity is…
John Peacock, Head of Tax and Conveyancing at BSA’s Dubai office wrote an article for Emirates Law (published in the April 2018 edition) comparing the implementation of VAT in the United Arab Emirates and the Kingdom of Saudi Arabia. As the GCC countries start to move away from the oil-based economy models, they introduce…
John Peacock, Head of Indirect Tax and Conveyancing, and Tyne Hugo, Associate, wrote a comprehensive step by step process on how to register for VAT in UAE. The UAE VAT regime was implemented on 1 January 2018 putting into operation Federal Decree-Law No 8/2017 on Value Added Tax and Cabinet Decision No 52/2017 on the…
Transcript from gulfnews.com The Dubai Chamber of Commerce and Industry hosted a workshop today which helped familiarise businesses and professionals with essential, legal and practical aspects of the recently introduced value-added tax (VAT). The workshop, entitled “The Essentials of VAT”, was held at the Chamber’s headquarters in Deira and organized in cooperation with BSA Ahmad…
Owners’ associations (OA) have been in a somewhat tricky position since the introduction of value added tax (VAT) in the UAE in January. The exact rules and regulations remain unclear and at the heart of this confusion lies the simple question of whether OAs are tax exempt or not. The catch 22 position revolves…
Click here to view the article in PDF. Published: October 2017 Publication: Good Magazine Title: Adding Value: Everything you need to know about VAT in the GCC Authors: John peacock
One of the most important points arising from the recent briefings on VAT by the Ministry of Finance is the proposed rules regarding ‘group registrations’. These ‘group registrations’ will allow companies within the same group to register as one ‘enterprise’ for VAT purposes with one VAT registration number, and thus have only one joint return…
