If two or more business groups or persons share the same kind of businesses, then they can form a single tax group and it will be treated as single taxable person by the FTA. Norms for forming Tax Groups Every member in the group must be a legal person. There must be a fixed […]
VAT filing deadline on April 29th, 90,000 businesses to submit return 90,000 businesses registered for VAT are required to submit their tax return and pay taxes within April 29th, 2018, according to media reports quoting the Federal Tax authority (FTA). The first quarterly tax period for 85,000 businesses was by the end of […]
How to register for VAT How to register for VAT in UAE: The UAE is on the way to implement VAT from January 2018. Now the businesses are getting ready to register for VAT. From 1st January 2018 5% VAT will be applied for both goods and services. VAT is a tax charged from consumers […]
Documents required for VAT registration in UAE: Are you ready to register for the VAT? You need to follow the requirements specifies by the federal tax authority, government of UAE. The ministry of finance will start registering companies that are above the yearly threshold for value added tax in the second half of this year […]